ECONOMYNEXT – Sri Lanka stocks closed 0.13 percent higher Tuesday on domestic buying in Distilleries, while the rupee weakened against the US dollar, brokers and dealers said. The rupee weakened against the US dollar to 155.70/85 rupees with importer d…
Apr 02, Colombo: The United Kingdom says it supports Sri Lanka in its efforts to clear every single mine in the island to realize the dream of a mine-free Sri Lanka by 2020. The Acting British High Commissioner in Colombo Tom Burn in a communiqué issue…
New Zealand’s exports to Sri Lanka was US$254 million in 2016 compared with US$55 million in exports from Sri Lanka, the minister explained and pointed out that this trade gap needs to be bridged. He was addressing the trade delegation that arrived in the country for a 3-day visit in a bid to venture …
The FINANCIAL — The Asian Development Bank’s (ADB) Board of Directors has approved a $100 million results-based loan as additional financing for the Government of Sri Lanka’s efforts to develop skills to meet labor demands, support economic diversification, and enhance productivity in the country.
Apr 02, 2018 (LBO) – Sri Lanka has sought expertise from New Zealand in developing the country’s adventure tourism segment and improving high end hospitality training. The request for expertise was made by Tourism Development Minister John Amaratunga during his keynote address at the …
COLOMBO, April 2 (Xinhua) — The Sri Lankan government is planning to establish a Light Rail Transit System (LRT) in capital Colombo, which will be operational by 2025, the government information department said here Monday. The government is taking me…
Many in Sri Lanka are voicing dissent – questioning the wisdom of handing over “national assets” of the island nation to China and India in the guise of regional economic development. There has been stinging opposition to the China-sponsored constructi…
The worst performers of the session were LAUGFS Gas PLC (CM:LGGL), which fell 22.25% or 7.90 points to trade at 27.60 at the close. Nation Lanka Finance PLC (CM:CSF) declined 10.00% or 0.100 points to end at 0.900 and Asiri Hospital Holdings PLC (CM:AS…
COLOMBO, April 2 (Xinhua) — Two males and Two females of a family died on Monday in a road crash in the town of Galewela in central Sri Lanka, local police said. According to the police, the victims were killed when their three-wheeler collided head o…
Rate cut could negate slowdown due to new taxes – analyst * Policy announcement due on Wednesday, April 4 at 0200 GMT COLOMBO, April 2 (Reuters) – Sri Lanka’s central bank is expected to keep key interest rates unchanged on Wednesday after a rate review, but economists in a Reuters poll are …