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Category: BUSINESS

Sri Lanka to sign a FTA with Singapore
BUSINESS

Sri Lanka to sign a FTA with Singapore

Sri Lanka’s Cabinet of Ministers at its weekly meeting Tuesday has approved a proposal to sign the proposed Free Trade…

byFaraz Shauketaly18/01/2018
Sri Lanka’s services sector expands at a higher rate than manufacturing sector in December 2017
BUSINESS

Sri Lanka’s services sector expands at a higher rate than manufacturing sector in December 2017

Sri Lanka’s services sector expanded at a higher rate than the manufacturing sector in December 2017 although both sectors showed…

byFaraz Shauketaly17/01/2018
ADB provides additional $75 million to support SME development in Sri Lanka
BUSINESS

ADB provides additional $75 million to support SME development in Sri Lanka

The Asian Development Bank’s (ADB) on Tuesday said its Board of Directors has approved $75 million in additional financing to…

byFaraz Shauketaly17/01/201817/01/2018
SL, India MoU to bring USD 45 million to develop Kankesanthurai harbour
BUSINESS

SL, India MoU to bring USD 45 million to develop Kankesanthurai harbour

The Ministry of Finance has signed a Memorandum of Understanding with the Exim Bank of India to Develop the Kankesanthurai…

byFaraz Shauketaly17/01/2018
Sri Lanka Central Bank confirms conducting a forensic audit into past bond issues
BUSINESS

Sri Lanka Central Bank confirms conducting a forensic audit into past bond issues

The Central Bank of Sri Lanka confirmed yesterday that in response to the numerous requests, the Bank will conduct a…

byFaraz Shauketaly17/01/2018
Sri Lanka PM expects the Central Expressway to bring economic development to northern provinces
BUSINESS

Sri Lanka PM expects the Central Expressway to bring economic development to northern provinces

Ranil Wickremesinghe says that the construction of the Central Expressway will ensure good infrastructure stretching from Hambantota to Kandy, growing…

byFaraz Shauketaly17/01/2018
Sri Lanka Telecom’s first purpose-built Tier 3 Data Center opened today
BUSINESS

Sri Lanka Telecom’s first purpose-built Tier 3 Data Center opened today

Sri Lanka Telecom PLC (SLT)  launched its newly built, state-of-the-art, Tier 3 (Tier III) Data Centre at Pitipana, Homagama yesterday…

byFaraz Shauketaly17/01/2018
Sri Lanka participates in Austria’s largest Holiday and Travel Show Ferien – Messe Wien 2018
BUSINESS

Sri Lanka participates in Austria’s largest Holiday and Travel Show Ferien – Messe Wien 2018

Sri Lanka participated in the Ferien – Messe Wien 2018, Austria’s largest holiday and travel show held from 11-14 January…

byFaraz Shauketaly16/01/2018
Young Chinese billionaire invests in SupremeSAT
BUSINESSMain Story

Young Chinese billionaire invests in SupremeSAT

Cai Xiaoru, Forbes listed young billionaire of mainland China, has signed the partnership agreement and committed to invest $ 30…

byFaraz Shauketaly16/01/2018
ABB supports Sri Lanka’s renewable energy commitments with EV charging network
BUSINESS

ABB supports Sri Lanka’s renewable energy commitments with EV charging network

The Sri Lankan area of Colombo City is to benefit from a new fleet of connected, fast electric vehicle (EV)…

byFaraz Shauketaly16/01/2018

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