dailymirror.lk http://dailymirror.lk/RSS_Feeds/business-main The only Sri Lankan newspaper with round the clock news updates - Dailymirror Online Edition en-us rangazone.r@gmail.com Copyright 2018 Revised National Physical Plan to be approved shortly http://www.dailymirror.lk/150207/Revised-National-Physical-Plan-to-be-approved-shortly- http://www.dailymirror.lk/150207/Revised-National-Physical-Plan-to-be-approved-shortly- Sri Lanka’s revised National Physical Plan for 2018-2050 is expected to be gazetted shortly and the plan proposes to develop Colombo-Trincomalee as the main economic corridor along with three other sub-corridors,

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Tue, 22 May 2018 00:01:19 +0000
ADB lends US $ 210mn to end water scarcity in Sri Lanka’s dry zone http://www.dailymirror.lk/150182/ADB-lends-US-mn-to-end-water-scarcity-in-Sri-Lanka-s-dry-zone http://www.dailymirror.lk/150182/ADB-lends-US-mn-to-end-water-scarcity-in-Sri-Lanka-s-dry-zone The Asian Development Bank (ADB) and the Sri Lankan government signed a US $210 million second tranche loan agreement for the Mahaweli Water Security Investment Programme to assist Sri Lanka complete its on

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Mon, 21 May 2018 10:06:32 +0000
China claims Sri Lanka hub in Silk Road strategy http://www.dailymirror.lk/150127/China-claims-Sri-Lanka-hub-in-Silk-Road-strategy http://www.dailymirror.lk/150127/China-claims-Sri-Lanka-hub-in-Silk-Road-strategy China hinted Sri Lanka’s growing importance in its ambitious US$500 billion One Belt One Road (OBOR) initiative claiming Sri Lanka is a ‘hub’ in its OBOR strategy. 
Sri Lanka meanwhile stressed of its own role in OBOR, and revealed that the Colombo Port City project despite the 25-year long timeline, is ‘progressing at great speed’.

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Sat, 19 May 2018 00:04:54 +0000
Sri Lanka open for investors from all Asian countries: Malik http://www.dailymirror.lk/150077/Sri-Lanka-open-for-investors-from-all-Asian-countries-Malik http://www.dailymirror.lk/150077/Sri-Lanka-open-for-investors-from-all-Asian-countries-Malik
Balancing diplomatic relations and being open to all countries for investment has been a key achievement of the current government, remarked Development Strategies and International Trade Minister Malik Samarawickrama at a forum in Colombo yesterday.

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Fri, 18 May 2018 10:31:24 +0000
Professionals want Parliament to ratify Sri Lanka-S’pore FTA http://www.dailymirror.lk/149980/Professionals-want-Parliament-to-ratify-Sri-Lanka-S-pore-FTA http://www.dailymirror.lk/149980/Professionals-want-Parliament-to-ratify-Sri-Lanka-S-pore-FTA Professionals led by Sri Lanka Engineers Association (SLEA) and United Professional Movement (UPM) and backed by the Organisation of Professional Associations of Sri Lanka (OPA) and the influential government Medical Officers’ Association (GMOA) yesterday threatened with trade union actions if the government fails to ratify the Singapore Sri Lanka FTA (SLSFTA) in Parliament with 2/3 majority as it poses serious challenges to national security.

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Wed, 16 May 2018 09:50:03 +0000
Sri Lanka expresses interest to establish direct banking links with Iran http://www.dailymirror.lk/149902/Sri-Lanka-expresses-interest-to-establish-direct-banking-links-with-Iran http://www.dailymirror.lk/149902/Sri-Lanka-expresses-interest-to-establish-direct-banking-links-with-Iran Sri Lanka has expressed interest in establishing direct banking links with Iran.
President Maithripala Sirisena, who this week completed a two-day official visit to Iran, had expressed this during the bilateral discussions with Iranian President Hassan Rouhani. 

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Tue, 15 May 2018 00:03:56 +0000
CB Governor says one quarter of population still trapped in poverty http://www.dailymirror.lk/149874/CB-Governor-says-one-quarter-of-population-still-trapped-in-poverty http://www.dailymirror.lk/149874/CB-Governor-says-one-quarter-of-population-still-trapped-in-poverty Sri Lanka needs to promote rural entrepreneurship in a holistic manner to uplift over one quarter of the population trapped in poverty with daily earnings below Rs.400, despite the lowest ever absolute poverty figures reported in the country recently, according to the Central Bank Governor 

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Mon, 14 May 2018 09:49:13 +0000
Central Bank keeps policy interest rates steady http://www.dailymirror.lk/149802/Central-Bank-keeps-policy-interest-rates-steady- http://www.dailymirror.lk/149802/Central-Bank-keeps-policy-interest-rates-steady-
The Monetary Board of the Central Bank of Sri Lanka yesterday kept policy interest rates steady despite a sharp increase in credit to the private sector, which the Central Bank Governor identified 

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Sat, 12 May 2018 00:14:09 +0000
Govt. announces formula to re-price fuel every two months http://www.dailymirror.lk/149768/Govt-announces-formula-to-re-price-fuel-every-two-months http://www.dailymirror.lk/149768/Govt-announces-formula-to-re-price-fuel-every-two-months Sri Lanka yesterday introduced the much-talked-about automatic fuel pricing mechanism, removing the heavy subsidies that drained cash from the government coffers.

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Fri, 11 May 2018 09:41:10 +0000
SL insists on removal of non-trade barriers before ETCA http://www.dailymirror.lk/149699/SL-insists-on-removal-of-non-trade-barriers-before-ETCA- http://www.dailymirror.lk/149699/SL-insists-on-removal-of-non-trade-barriers-before-ETCA- The Sri Lankan free trade agreement (FTA) negotiators want India to implement interim remedies for the non-trade barriers that exist in the current Indo-Lanka Free Trade Agreement (ISFTA) prior to the signing of the Economic and Technology Co-operation Agreement (ETCA), in order to build up the confidence on the ETCA among Sri Lankan stakeholders. 

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Thu, 10 May 2018 00:00:28 +0000
Feb. trade gap widens as imports race and exports languish http://www.dailymirror.lk/149653/Feb-trade-gap-widens-as-imports-race-and-exports-languish- http://www.dailymirror.lk/149653/Feb-trade-gap-widens-as-imports-race-and-exports-languish- Sri Lanka’s trade gap widened considerably to US $ 1.06 billion in February from US $ 743 million a year earlier, while the cumulative gap for the first two months of the year expanded to US $ 2.1 billion from US $ 1.68 billion during the same period, last year.  

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Wed, 09 May 2018 09:24:56 +0000
Navin calls to end populist govt. intervention in rubber industry http://www.dailymirror.lk/149587/Navin-calls-to-end-populist-govt-intervention-in-rubber-industry http://www.dailymirror.lk/149587/Navin-calls-to-end-populist-govt-intervention-in-rubber-industry Plantation Industries Minister Navin Dissanayake yesterday asserted that the populist government interventions in Sri Lanka’s rubber industry have indirectly led to subsidization of big businesses as well as to corruption, 

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Tue, 08 May 2018 00:00:01 +0000
Sancharaka Udawa 2018 http://www.dailymirror.lk/149522/Sancharaka-Udawa- http://www.dailymirror.lk/149522/Sancharaka-Udawa- The 8th edition of the tourism and travel fair ‘Sancharaka Udawa’ was inaugurated by Tourism Minister John Amaratunga at the BMICH yesterday.  The two-day event which is being organized by Sri Lanka Association

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Sat, 05 May 2018 00:53:18 +0000
Braving the heat wave… http://www.dailymirror.lk/149477/Braving-the-heat-wave- http://www.dailymirror.lk/149477/Braving-the-heat-wave- Tourists were seen sunbathing at the Trincomalee Beach in Sri Lanka’s Eastern Province, despite the heat-wave advisory issued by the Meteorological Department yesterday, that included the Eastern Province

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Fri, 04 May 2018 09:29:50 +0000
Mangala to address 51st ADB Annual Meeting in Manila, Philippines http://www.dailymirror.lk/149419/Mangala-to-address-st-ADB-Annual-Meeting-in-Manila-Philippines http://www.dailymirror.lk/149419/Mangala-to-address-st-ADB-Annual-Meeting-in-Manila-Philippines Sri Lanka’s Finance and Mass Media Minister Mangala Samaraweera arrived in Manila, the Philippines, yesterday to take part in the 51st Annual Meeting of the Asian Development Bank’s (ADB) Board of Governors.

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Thu, 03 May 2018 00:01:34 +0000
Ceylon Tea risks losing Japanese market http://www.dailymirror.lk/149375/Ceylon-Tea-risks-losing-Japanese-market http://www.dailymirror.lk/149375/Ceylon-Tea-risks-losing-Japanese-market Sri Lanka risks losing a key market for its high and medium grown teas as tea exports to Japan remain close to zero during this year amid Japanese authorities rejecting several tea shipments during last four months amounting in value to approximately Rs.1 billion, Mirror Business learns.

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Wed, 02 May 2018 10:31:32 +0000
Harsha says govt. won’t meddle with exchange rate http://www.dailymirror.lk/149218/Harsha-says-govt-won-t-meddle-with-exchange-rate http://www.dailymirror.lk/149218/Harsha-says-govt-won-t-meddle-with-exchange-rate State Minister of National Policies and Economic Affairs Dr. Harsha de Silva yesterday ruled out the possibility of introducing measures to contain the devaluation of the rupee, in the wake of the local currency hitting record lows against the U.S. dollar. 

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Sat, 28 Apr 2018 00:45:59 +0000
Central Bank releases 2017 Annual Report http://www.dailymirror.lk/149169/Central-Bank-releases-Annual-Report http://www.dailymirror.lk/149169/Central-Bank-releases-Annual-Report The Central Bank Governor Dr. Indrajit Coomaraswamy handed over the first copy of Central Bank’s Annual Report - 2017 to Minister of Finance and Mass Media Mangala Samaraweera yesterday at the Treasury as per the statutory requirement. Secretary to the Treasury Dr. R. H. S. Samaratunga, and Deputy Governors Dr. P. Nandalal Weerasinghe, K.D. Ranasinghe and C.J.P. Siriwardene were present at the occasion.

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Fri, 27 Apr 2018 09:52:24 +0000
Transparency improves in SL’s budget implementation process http://www.dailymirror.lk/149123/Transparency-improves-in-SL-s-budget-implementation-process http://www.dailymirror.lk/149123/Transparency-improves-in-SL-s-budget-implementation-process The government has made significant progress in disclosing the status of implementation of promises in the budget 2017 in the last six months of 2017 and beyond, compared to the first half, a leading think-tank in the country said.

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Thu, 26 Apr 2018 09:46:20 +0000
Govt. moves ahead with further liberalisation of lubricant market http://www.dailymirror.lk/149061/Govt-moves-ahead-with-further-liberalisation-of-lubricant-market http://www.dailymirror.lk/149061/Govt-moves-ahead-with-further-liberalisation-of-lubricant-market Petroleum Resources Development Ministry along with the shadow industry regulator, Public Utilities Commission of Sri Lanka (PUCSL), are gearing to implement the third round of liberalisation of Sri Lanka’s lubricant industry, based on a budget proposal.

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Wed, 25 Apr 2018 09:40:05 +0000