Category: BUSINESS

Sri Lanka shares slip as financials, consumers stocks weigh

Sri Lanka shares slip as financials, consumers stocks weigh

Jan 8, 2020

(FASTNEWS | COLOMBO) -  Reuters - Sri Lankan shares fell on Tuesday to their lowest in nearly eight weeks, dragged ... Read More

President tells EU to look positively at Sri Lanka

President tells EU to look positively at Sri Lanka

Jan 8, 2020

(FASTNEWS | COLOMBO) - President invited all countries to look positively at Sri Lanka as an investment hub when a ... Read More

Rethink about credit disbursement policies; shift from ‘risk averse’ mindset – CBSL Governor

Rethink about credit disbursement policies; shift from ‘risk averse’ mindset – CBSL Governor

Jan 8, 2020

(FASTNEWS | COLOMBO) - Central bank chief Monday (06) urged banks to rethink their credit disbursement policies, as the traditional ... Read More

Vehicle imports down in 2020

Vehicle imports down in 2020

Jan 7, 2020

(FASTNEWS | COLOMBO) - The Vehicle Importers Association of Sri Lanka says the importation of vehicles have reduced drastically in ... Read More

CBSL to enact new Banking Act in 2021

CBSL to enact new Banking Act in 2021

Jan 7, 2020

(FASTNEWS | COLOMBO) - The Central Bank of  Sri Lanka will enact a new Banking Act in 2021, which will ... Read More

Govt. insists will not continue with fuel pricing formula

Govt. insists will not continue with fuel pricing formula

Jan 7, 2020

(FASTNEWS | COLOMBO) - The Government led by President Gotabaya Rajapaksa would not continue with the fuel pricing formula of ... Read More

CBSL extends suspension on PTL

CBSL extends suspension on PTL

Jan 6, 2020

(FASTNEWS | COLOMBO) - The Central Bank of Sri Lanka (CBSL) has extended the suspension of Perpetual Treasuries Limited (PTL) ... Read More

Oil prices jump after top Iranian general killed by US

Oil prices jump after top Iranian general killed by US

Jan 4, 2020

(FASTNEWS | IRAQ) -  Oil prices have risen sharply after the killing of a top Iranian general in Iraq. Analysts ... Read More

CNN selects Lanka as best place to visit in 2020

CNN selects Lanka as best place to visit in 2020

Jan 4, 2020

(FASTNEWS | COLOMBO) - US based CNN Travel has included Sri Lanka along with 19 other countries as ‘20 best ... Read More

Asia’s richest man takes on retail giant Amazon

Asia’s richest man takes on retail giant Amazon

Jan 2, 2020

(FASTNEWS | NEW DELHI) - A conglomerate run by Asia's richest man has started rolling out a challenger to Amazon ... Read More

Pay raise for public servants from tomorrow

Pay raise for public servants from tomorrow

Dec 31, 2019

(FASTNEWS | COLOMBO) - New salary scale for the posts in Public Service will be implemented in January as planned, ... Read More

Tesla delivers its first ‘Made in China’ cars

Tesla delivers its first ‘Made in China’ cars

Dec 30, 2019

(FASTNEWS | COLOMBO) - Tesla has delivered its first cars made in China, marking a major milestone for the electric ... Read More

Maximum Retail Price for cement gazetted

Maximum Retail Price for cement gazetted

Dec 29, 2019

(FASTNEWS | COLOMBO) - The Consumer Affairs Authority (CAA) has gazetted the Maximum Retail Price (MRP) for three categories of ... Read More

Plans to re-open Kantale sugar factory

Plans to re-open Kantale sugar factory

Dec 29, 2019

(FASTNEWS | COLOMBO) - The Government has drawn attention towards re-opening the Kantale sugar factory which has remained closed for ... Read More

Govt. to launch first $250M foreign investment

Govt. to launch first $250M foreign investment

Dec 29, 2019

(FASTNEWS | COLOMBO) - The Ministry of Finance says the first foreign investment under the new government of President Gotabaya ... Read More