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Category: BUSINESS

Fish exports increased by over 45% this year after EU ban lifted
BUSINESS

Fish exports increased by over 45% this year after EU ban lifted

Sri Lanka’s Ministry of Fisheries and Aquatic Resources Development says the fish exports increased significantly after the ban imposed by…

byFaraz Shauketaly28/12/2017
Swift legal action on Bond scam possible: UPFA
BUSINESSMain Story

Swift legal action on Bond scam possible: UPFA

Says provisions in Evidence Ordinance provide leeway to fast-track legal proceedings and probe headed by AG By Skandha Gunasekara Ahead of…

byFaraz Shauketaly28/12/2017
SriLankan Airlines get a new lifeline to solve ‘crisis situation’
BUSINESS

SriLankan Airlines get a new lifeline to solve ‘crisis situation’

Sri Lanka’s national carrier SriLankan Airlines -once a profit making ambassador to the country, has fallen into a debt ridden…

byFaraz Shauketaly28/12/2017
New Year to herald SME, Dollar Denominated Boards in CSE
BUSINESSMain Story

New Year to herald SME, Dollar Denominated Boards in CSE

New Foreign Exchange Act facilitates Dollar Denominated Board to raise debt, equity  Looks forward to work with Private Equity companies to…

byFaraz Shauketaly27/12/2017
UTE helps to boost Golf Tourism
BUSINESS

UTE helps to boost Golf Tourism

Hosts Golf Championship for Far East Caterpillar delegates at Royal Colombo Golf Club with Crocodile as Clothing Partner United Tractor…

byFaraz Shauketaly27/12/201727/12/2017
Tea shipments to Russia to resume on Saturday
BUSINESS

Tea shipments to Russia to resume on Saturday

The Colombo Tea Traders’ Association has said that the export of tea to Russia will resume on Saturday, 30th of…

byFaraz Shauketaly27/12/2017
India to become world’s fifth largest economy in 2018
BUSINESSMain Story

India to become world’s fifth largest economy in 2018

India to leapfrog UK and France in 2018, Britain’s Cebr predicts India looks set to leapfrog Britain and France next…

byFaraz Shauketaly27/12/2017
Sri Lanka has received over $250 Mn for handing over operations of Hambantota Port
BUSINESS

Sri Lanka has received over $250 Mn for handing over operations of Hambantota Port

The Government of Sri Lanka maintains a ‘US Dollar’ account at the Central Bank. This account saw $292.1 Million being…

byFaraz Shauketaly27/12/2017
Sri Lanka’s Colombo Port handles six million TEU in 2017
BUSINESS

Sri Lanka’s Colombo Port handles six million TEU in 2017

Sri Lanka’s Port of Colombo has handled its 6 millionth TEU (Twenty-Foot Equivalent Unit) container on December 22. A special…

byFaraz Shauketaly26/12/201726/12/2017
Russia lifts ban on Ceylon tea
BUSINESSMain Story

Russia lifts ban on Ceylon tea

Discussions between Sri Lanka experts and Russian authorities fruitful President thanks Russia, says diplomacy between both countries ‘exemplary’  Sri Lanka to…

byFaraz Shauketaly26/12/2017

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