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Category: BUSINESS

Lanka IOC petrol prices reduced
BUSINESSLOCAL
byNews EditorOct 11, 2019

Lanka IOC petrol prices reduced

(FASTNEWS | COLOMBO) – The Lanka Indian Oil Corporation (LIOC) has announced a reduction in petrol prices with effect from…

Trump optimistic about US-China trade talks
BUSINESS
byFastnewsOct 11, 2019

Trump optimistic about US-China trade talks

(FASTNEWS | COLOMBO) – US President Donald Trump sounded an optimistic note at the end of the first day of…

No fuel price revision this month
BUSINESSLOCAL
byNews EditorOct 11, 2019Oct 11, 2019

No fuel price revision this month

(FASTNEWS | COLOMBO) – Fuel prices will not be subjected to any amendments under the fuel pricing formula this month,…

Sri Lanka craft sector wins free insurance cover for the first time in history
BUSINESSLOCAL
byNews EditorOct 7, 2019Oct 7, 2019

Sri Lanka craft sector wins free insurance cover for the first time in history

(FASTNEWS | COLOMBO) – Sri Lanka has activated the long-awaited free insurance facility to its historic crafts and handicraft sectors…

Domestic gas price reduced
BUSINESSLOCALTOP STORY 3
byNews EditorOct 4, 2019Oct 4, 2019

Domestic gas price reduced

(FASTNEWS | COLOMBO) – The Ministry of Finance announced that the price of a domestic gas cylinder will be reduced…

Prime Grand, Ward Place Constructs the 28th Floor 03 months ahead of schedule
BUSINESS
byFastnewsOct 4, 2019

Prime Grand, Ward Place Constructs the 28th Floor 03 months ahead of schedule

(FASTNEWS | COLOMBO) – Sri Lanka’s premier real-estate company, Prime Group’s flagship ultra-luxury project, Prime Grand, Ward Place has commenced…

“Drone Delivery of Medicine; a possible life saving technology in disaster management for  Sri Lankan context’’ ‘Technology already embraced by India’
BUSINESS
byFastnewsOct 4, 2019

“Drone Delivery of Medicine; a possible life saving technology in disaster management for Sri Lankan context’’ ‘Technology already embraced by India’

(FASTNEWS | COLOMBO) – Access to vital health products, in Sri Lanka and around the world, is hampered by the…

Japanese car sales sink in South Korea amid trade rift
BUSINESS
byFastnewsOct 4, 2019

Japanese car sales sink in South Korea amid trade rift

(FASTNEWS | COLOMBO) –  Japanese car sales in South Korea fell again last month, as a trade row between the…

Import Tax on big onions reduced
BUSINESSLOCAL
byNews EditorOct 1, 2019

Import Tax on big onions reduced

(FASTNEWS | COLOMBO) – The Import Tax on big onions has been reduced with effect from midnight tonight (01), the…

Japan delivers long-delayed consumption tax hike
BUSINESS
byFastnewsOct 1, 2019

Japan delivers long-delayed consumption tax hike

(FASTNEWS | COLOMBO) – Japan has increased its consumption tax for the first time in five years, bringing the long-delayed…

South Korea boosts funding for Ocean University by massive 60%
BUSINESSLOCALTOP STORY 2
byNews EditorSep 30, 2019

South Korea boosts funding for Ocean University by massive 60%

(FASTNEWS | COLOMBO) – The initial outlay on Sri Lanka’s largest vocational skilling project announced on 28 August has now…

World Bank unveils a guide for SL policymakers
BUSINESSLOCAL
byFastnewsSep 28, 2019Sep 28, 2019

World Bank unveils a guide for SL policymakers

(FASTNEWS | COLOMBO) – The World Bank unveiled today a new report to guide policymakers and development practitioners across Sri…

India opens support to Sri Lankan SMEs
BUSINESSLOCALTOP STORY 2
byNews EditorSep 27, 2019

India opens support to Sri Lankan SMEs

(FASTNEWS | COLOMBO) – One of world’s most dynamic SME and MSME collectives has come forward to support Sri Lankan…

Public sector salaries raised from Jan. 2020 – Finance Ministry
BUSINESSLOCALTOP STORY 1
byNews EditorSep 27, 2019

Public sector salaries raised from Jan. 2020 – Finance Ministry

(FASTNEWS | COLOMBO) – The monthly salary of all public servants will be increased by a minimum amount of Rs.3,000…

CB orders banks to cut lending rates at least 2% by Oct.15
BUSINESS
byFastnewsSep 25, 2019

CB orders banks to cut lending rates at least 2% by Oct.15

(FASTNEWS | COLOMBO) – The Central Bank said it ordered all licensed commercial banks (LCBs) to cut lending rates at…

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