In the post-free trade agreement (FTA) era, the Sri Lankan and Singaporean governments now have to create a comprehensive trade and investment plan in a collaborative manner to boost bilateral commerce, according the Singaporean Minister for Trade an

Striking a heavy blow to the aspirations of the Ceylon Electricity Board (CEB) engineers to include coal in Sri Lanka’s future power generation mix, their peers working at the Norochcholai coal power plant have in a petition noted that fly ash

Hela Clothing, one of Sri Lanka’s leading global apparel solutions provider recently produced and shipped their one millionth garment from their factory in Ethiopia. 

Sri Lanka’s largest education exhibition and job fair, EDEX Expo opened at the BMICH yesterday. The expo which is held for 32nd time was declared open by Prime Minister Ranil Wickremasinghe as Chief Guest. Education Minister Akila Viraj Kariyaw

The exports continued to record a growth momentum for more than eight months in 2017, compared to 2016, except in three instances, the Export Development Board (EDB) said this week.

Serendib Flour Mills (Pvt.) Ltd, the second largest flour mill in Sri Lanka, hopes to further catch up to its competitor over the next three years with foreign direct investment (FDI) exceeding over 27 million Swiss francs. 

Export-Import (Exim) Bank of India has extended a US $ 45.27 million credit line to Sri Lanka to upgrade and rehabilitate the Kankesanthurai (KKS) harbour as a commercial port.

Xiaoru Cai, a Forbes-listed young billionaire of mainland China, has signed the partnership agreement and committed to invest US $ 30 million into SupremeSAT, the Sri Lankan satellite company, through his Shenzen-listed company, Tatwah Smartech.

The Central Bank of Sri Lanka must be careful when building up more foreign reserves than planned if they come at the cost of overall macroeconomic performance, according to the International Monetary Fund (IMF).

The Pakistan Single Country Exhibition 2018, organised by Trade Development Authority of Pakistan (TDAP) in association with the High Commission of Pakistan in Sri Lanka, kicked off its third edition of the event at the BMICH yesterday.

CEAT Kelani Holdings yesterday announced an infusion of Rs.3 billion in new investments for the enhancement of manufacturing capacity, new product development and growth of exports, in a significant vote of confidence in the prospects for the India&n

Prime Minister Ranil Wickremesinghe yesterday took a tour of the Trinity Steel Ltd factory at the Katunayake export processing zone. He was joined by Trinity Steel Chairman Tilak De Zoysa and Managing Director Arun Mirando.

Construction of the connecting pipeline of the US$ 80 million LPG import-export terminal of Laugfs Gas PLC in the Hambantota port has been unofficially halted without further explanation, according to the company’s head.

Former Central Bank Governor Ajith Nivard Cabraal yesterday denied that any wrongdoing related to bond auctions had occurred during the period from 2008 to 2014, as alleged by the prime minister.

The Japanese Foreign Affairs Minister Taro Kono paid a special visit to the Sri Lanka Ports Authority (SLPA) following his official visit to Sri Lanka. 

Tourist arrivals to Sri Lanka reached an all-time high of 2,116,407 in 2017, according to the latest data released by the Sri Lanka Tourism Development Authority. The arrival figure for 2017 represents a 3.2 growth or 65,595 more arrivals over the pr

Work on the US $ 1.4 billion China-funded Colombo Port City is steaming ahead. The developing company, China Harbour, is expected to invest a further US $ 1 billion on the construction of three 60-storey buildings within the Port City that will house

The Central Bank on Tuesday revealed a host of measures to bring the illiquid, mismanaged, non-banking financial institutions (NBFIs) in the ETI Group back into liquidity within six months, after placing the management of the parent company in the ha

The first draft of the Sri Lanka-Singapore Free Trade Agreement has been forwarded to the Cabinet of Ministers for approval ahead of the visit of Singaporean Prime Minister Lee Hsieng Loong to Sri Lanka later this month, a leading civil servant said.

The Central Bank last week defended itself against the accusations of misconduct made by the stakeholders of the troubled financial institution, Central Investment and Finance PLC (CIFL), saying that the banking and finance sector regulator has acted

Non-renewal of US Generalized System of Preferences (GSP) does not affect our US trade in a significant way, said Industry and Commerce Minister Rishad Bathiudeen at a meeting with top officials at his ministry yesterday.  

The Central Bank yesterday said that Sri Lanka’s foreign reserves may reach up to US$ 10 billion next year, discrediting concerns raised by ratings agency Moody’s earlier this month.

Marking the over 45-year- old development cooperation between Sri Lanka and France, the Government of French Republic agreed to extend its assistance to Sri Lanka by providing a euro 13.9 million 

The Institute of Policy Studies (IPS), an autonomous government affiliated think tank recently called on greater attention to be placed on research into the country’s burgeoning tourism sector in order to maximize the benefits and minimize the

The Sri Lanka Tourism Development Authority launched a booklet profiling the artists who showcase their paintings at Green Path, Colombo 07. Here, Tourism Development Authority Director General Malraj B. Kiriella presenting a copy of the booklet Pres

Prime Minister Ranil Wickremesinghe and Archbishop of Colombo Cardinal Malcolm Ranjith light up the giant Christmas tree at the inauguration of Christmas Fest 2017, organised by the Tourism and Christian Affairs Ministry and Sri Lanka Tourism Promoti

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, announced the launch of the Digital Innovation Fund (DIF), in the presence of Malaysian Prime Minister Dato’ Sri Mohd Najib bin Tun Abdul Razak to signify the Malaysian investm

Malaysian Prime Minister Datuk Seri Najib Tun Razak (L) and President Maithripala Sirisena (C) attend a welcoming ceremony at the Presidential Secretariat in Colombo yesterday (AFP)

Russia placing temporary import restrictions on tea and other agriculture products from Sri Lanka, according to top government sources, appears to be a ‘tit-for-tat’ reaction to the island nation’s move towards banning chrysotile as

In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MOU) with Sri Lanka Police on December 13, at the Central Ban