All Govt. software requirements to be given to domestic companies
(FASTNEWS | COLOMBO) – Although provisions are furnished for local selections in the government procurement guidelines, it has been observed…
Category: BUSINESS
National Export Strategy for a prompt COVID-19 recovery
(FASTNEWS | COLOMBO) – The world economy is in partial paralysis. The COVID-19 ripple effect is more than just a…
Sri Lanka Airlines to lose Rs34bn in 2020, loses Rs9bn in two months
(FASTNEWS | COLOMBO) – State-run SriLankan Airlines (SLA) has lost 48.7 million US dollars (about 9 billion rupees) in April and May…
SLTDA creates provisional licensing to assist SMEs
(FASTNEWS | COLOMBO) – Sri Lanka Tourism Development Authority (SLDTA) is rolling out provisional licensing to assist the SMEs enabling…
Manufacturing PMI rebounds in June 2020
(FASTNEWS | COLOMBO) – Benefitting from the normalizing of economic activities in the country following the complete relaxation of the…
Coronavirus: Chinese economy bounces back into growth
(FASTNEWS | COLOMBO) – China’s economy grew 3.2% in the second quarter following a record slump. The world’s second biggest…
Maldives reopens for tourists after over 3 months of lockdown
(FASTNEWS | COLOMBO) – Maldives on Wednesday announced the reopening of its borders for tourists amidst the Covid-19 pandemic, and…
Biden sets out $2tn plan for carbon-free electricity by 2035
(FASTNEWS | COLOMBO) – Democratic presidential contender Joe Biden has set out an ambitious $2tn (£1.6tn) green energy plan to…
FTA between Sri Lanka and Singapore still under review
(FASTNEWS | COLOMBO) – The Free Trade Agreement signed between Sri Lanka and Singapore is still under review, the Supreme…
CBSL suspends business activities of ETI and Swarnamahal Financial Services
(FASTNEWS | COLOMBO) – Central Bank of Sri Lanka (CBSL) has suspended the business activities of Swarnamahal Financial Services PLC…
V- shaped recovery for Lankan exports as June export earnings reach $ 950 mn – EDB
(FASTNEWS | COLOMBO) – Sri Lanka’s export earnings have increased to US $ 950 million in June 2020 from US…
Sri Lanka Tourism lobbies for inclusion in travel corridors
(FASTNEWS | COLOMBO) – Sri Lanka Tourism is working closely with the Foreign Affairs Ministry to include Sri Lanka in…
CB announces 100 bps rate cut
(FASTNEWS | COLOMBO) – The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 08…
MSMEs Development Project in collaboration with IDB
(FASTNEWS | COLOMBO) – People’s Bank has agreed to initiate a programme to develop Micro, Small and Medium Enterprises in…
Japanese grant aid of Rs 1,360 mn for provisioning necessary medical equipment to combat against COVID -19 global pandemic
(FASTNEWS | COLOMBO) – Responding to the COVID-19 global pandemic, Sri Lanka has taken several successful preventive measures to prevent…