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Latest Yamaha bikes hit the roads in Sri Lanka

2019-08-22 10:13:00

Associated Motorways (Private) Limited, a trailblazers in Sri Lanka’s automotive segment, launched the Yamaha FZ & FZ – S version 3.0 models to the Sri Lankan market at a ceremony held at the Yamaha showroom recently...


Mahindra Finance infuses Rs. 2 Bn in Ideal Finance

2019-08-21 14:30:00

Mahindra & Mahindra Financial Services Ltd. ,has entered into a joint venture with Ideal Finance Ltd., a fully owned subsidiary of the leading Sri Lankan conglomerate, Ideal Group...


Peoples Bank to raise debentures without state guarantee

2019-08-21 14:06:00

Peoples Bank, a state owned leading commercial bank is to strengthen its financial stability and effectiveness in its operations...


Tax revenue arrears ballooned to over Rs. 323 billion

2019-08-20 09:37:00

The revenue on tax in arrears to be recovered by Sri Lanka Customs, Inland Revenue Department and Excise department have been ballooned to Rs. 323.73 billion up to the year 2017, official data showed...


Government mulls critical economic decisions before polls

2019-08-18 14:15:00

The government is taking on critical issues affecting the country’s economy while providing concessions for the people...


Sri Lanka takes major stride towards minimizing post harvest losses

2019-08-18 13:30:00

Sri Lanka’s first Temperature and Humidity Controlled Warehouse Complex for Perishables will be opened in Dambulla in October this year, says Non-Cabinet Minister of Economic Reforms and Public Distribution Dr. Harsha de Silva...


Data analytics unit in action for Sri Lanka’s economic efficiency

2019-08-18 12:45:00

The Analytics Unit of the Ministry of Economic Reforms and Public Distribution is now fully equipped with A group of professionals recently passed out from universities for the collecting and analysing data for decision making in solving critical economic issues...



Central Bank further suspends Pan Asia Bank’s primary dealership

2019-08-16 12:38:00

The functions of Primary Dealer Unit of Pan Asia Banking Corporation PLC (PABC) have been suspended for a period of six months with effect from 10.00 a.m. on 15th August 2019, in order to continue the bond scam investigations being conducted by the Central Bank...


ADB to fund Sri Lanka Railways efficiency improvement

2019-08-16 12:29:00

Sri Lanka Railways is to be improved while upgrading its infrastructure and technical capacity with Asian Development Bank (ADB) assistance...


Sri Lanka Insurance to attract youth under a new strategy

2019-08-15 08:05:00

Sri Lanka Insurance Corporation (SLIC) has introduced a market penetration strategy by rapidly expanding the delivery network and by launching a range of new niche insurance products, customized products for specific customer segment...


Ties between Sri Lanka and Switzerland further strengthened amidst producing Solar Energy

2019-08-14 21:38:00

Ambassador of Switzerland Hunspeter Mock held a meeting with Power and Energy and Business Development Minister Ravi Karunanayake on a concrete solution to the energy crisis in Sri Lanka and the entire world...


Sri Lanka’s vehicle imports down depriving of tax revenue to the state

2019-08-14 20:45:00

Sri Lanka’s vehicle imports came down to great extent thereby decreasing the tax revenue due to several new tax proposals which were put forward through the budget 2019 to boost the government revenue...


Sri Lanka shares gain after wartime defense chief launches presidential bid

2019-08-14 09:00:00

Sri Lankan shares closed marginally higher on Tuesday, easing from early gains of 1.2%, after the main opposition party named a hardline former defence chief as presidential candidate, seeking to capitalise on public clamour for a decisive leader...


Foreign Employment Agency (Pvt) Company neglects its objectives

2019-08-12 19:39:00

Sri Lanka Foreign Employment Agency (Pvt) Company has failed to develop foreign relationships with the view of promoting foreign employment, recent government audit query claimed...


Several irregularities in Farmer’s Trust Fund management exposed

2019-08-12 17:00:00

The objectives of the Fund which was widened by a Cabinet Memorandum in the year 2002, are agriculture development and improve welfare of the farmer community...


WB funded Agriculture Modernization Project fails to achieve targets

2019-08-12 15:33:00

Agriculture Sector Modernization Project is yet achieve expected targets owing to bureaucratic bungling, official statistics revealed...


New Economic Development Authority to South

2019-08-12 09:34:00

The Ruhunu Economic Development Corporation (REDC) is emerging as a key area of development activities in the Southern region’s resurgence of the economy in the near future with the enactment of a new law...


Govt. upbeat about export performance

2019-08-11 13:00:00

Development Strategies and International Trade Deputy Minister Nalin Bandara, moving three Orders under the Sri Lanka Export Development Act, informed the House that merchandise exports have increased by 5.7% while services have risen by 27.1% during 1Q 2019 compared to the same period in 2018...


Sri Lanka shares jump over 1 percent on banks, beverages, while rupee inches higher

2019-08-11 12:00:00

Sri Lankan shares rose over 1% on Friday, posting their seventh straight weekly gain, as investors bought beverage and banking stocks...


Minister of Plantation Industries and High Commissioner of India inaugurate COMPLAST 2019

2019-08-10 09:00:00

India has high potential in plastic industries and it could offer a assistance to Sri Lanka in terms of raw material base, capacity, infrastructure and skilled manpower..


Hayleys PLC, most diversified conglomerate records profits

2019-08-09 12:10:00

Hayleys PLC, Sri Lanka’s most diversified conglomerate, has demonstrated resilience in challenging conditions to record an improvement in turnover and operating performance during the first quarter of the 2019/20 financial year...


An additional commission of 25 cents to Sales Agents of Development Lotteries Board

2019-08-09 12:00:00

DLB has taken action to increase the commission granted to Sales Agents, prominent partners of DLB, by 25 cents to be effective from 01 August 2019...


Sri Lanka’s Market: An Investment Gem Hidden In Too Much Pessimism

2019-08-08 20:01:00

Legendary billionaire investor George Soros famously observed that “the most money is made when things go from terribly awful to just awful.” Coincidentally, this is also the time when hardly anyone wants to invest...


SLT and Mobitel launch Digital Roadmap for the North

2019-08-08 17:22:00

Sri Lanka Telecom (SLT) and Mobitel, together with the Ministry of Telecommunication and Digital Infrastructure, launched the Digital Roadmap for the Northern Province at the Auditorium of the Jaffna District Secretariat in Jaffna...


UNDP steps into promote Sri Lanka’s youth entrepreneurship

2019-08-08 15:00:00

Sri Lanka’s youth entrepreneurship is being promoted providing with the necessary technical know how under UNDP sponsored programme...


Singer appointed as DELL Technologies Commercial Distributor

2019-08-08 12:08:00

Singer, country’s premier consumer product retailer has been appointed as the DELL Technologies Commercial Distributor in addition to the DELL Consumer Distributor status which Singer currently holds...


Sri Lanka’s trade talks with fastest growing Asian economy later this year

2019-08-07 22:21:00

Sri Lanka’s trade with Asia’s fastest growing economy is set to surge when both countries meet for Ministerial trade talks later this year -after almost three years...


Sri Lankan companies get more help to enter into Indian Market

2019-08-07 21:26:00

The government continues its initiative of assisting Sri Lankan companies to enter into massive Indian market...


Sri Lanka’s largest direct entrepreneur program gets ready to roll out

2019-08-07 14:00:00

To develop entrepreneurship in Sri Lanka to much greater levels, the Ministry of industry and Commerce, with the IDB will launch the largest such program in Sri Lanka for the first time in the country’s SME history...