Category: BUSINESS

Central Bank reduces its Policy Interest Rates

Central Bank reduces its Policy Interest Rates

Aug 23, 2019

(FASTNEWs|COLOMBO) -The Central Bank of Sri Lanka, during a meeting held yesterday (22), has decided to reduce its Policy Interest Rates by 50 basis points. ... Read More

Inflation increases to 2.2% in July 2019

Inflation increases to 2.2% in July 2019

Aug 22, 2019

(FASTNEWS|COLOMBO) -The Department of Census and Statistics says Sri Lanka’s nationwide inflation in July 2019 determined under the National Consumer Price Index marginally increased to ... Read More

Sri Lanka unveils most modern hi-tech TVET facility with South Korean backing

Sri Lanka unveils most modern hi-tech TVET facility with South Korean backing

Aug 21, 2019

(FASTNEWS|COLOMBO) - Backed by the global industrial giant South Korea, Sri Lanka launched its most modern national hi-tech training facility to-date on 21 August. As ... Read More

Trump considers new tax cut to boost US economy

Trump considers new tax cut to boost US economy

Aug 21, 2019

(FASTNEWS|COLOMBO) - President Donald Trump has confirmed he is considering a new, temporary payroll tax cut to help boost the US economy. White House officials ... Read More

Safari in Sri Lanka like never before with Go 4 Safari

Safari in Sri Lanka like never before with Go 4 Safari

Aug 21, 2019

(FASTNEWS|COLOMBO) - Considering a wildlife safari adventure tour in Sri Lanka? Consult the Go 4 Safari travel experts who will help you plan your trip ... Read More

Trump plays down fears of US recession

Trump plays down fears of US recession

Aug 19, 2019

(FASTNEWS|COLOMBO) -Donald Trump has tried to reassure markets about the risk of the US falling into a recession by saying the economy is doing "tremendously ... Read More

ADB grants $ 160 Mn loan to modernize Sri Lanka Railway

ADB grants $ 160 Mn loan to modernize Sri Lanka Railway

Aug 16, 2019

(FASTNEWS|COLOMBO) -The Asian Development Bank (ADB) has approved a $160 million loan to modernize the operations and improve the efficiency of Sri Lanka Railways, the ... Read More

Recession fears prompt selling in global stock markets

Recession fears prompt selling in global stock markets

Aug 15, 2019

(FASTNEWS|COLOMBO) - Global stock markets fell around the world as concerns about the US-China trade war and the global economy prompted investors to dump shares. ... Read More

New regulations for online food ordering and delivery services

New regulations for online food ordering and delivery services

Aug 15, 2019

(FASTNEWS|COLOMBO) - New regulations have been introduced to address the food safety and hygiene issues on online food ordering and delivery services. (more…) Read More

Lanka IOC increases fuel prices

Lanka IOC increases fuel prices

Aug 14, 2019

(FASTNEWS|COLOMBO) - Lanka IOC, the IndianOil's subsidiary in Sri Lanka, has decided to increase fuel prices in line with fuel price revision, effective midnight yesterday ... Read More

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