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Category: BUSINESS

Sri Lanka rupee slips amid foreign fund outflow worries
BUSINESS
byFastnewsAug 28, 2019

Sri Lanka rupee slips amid foreign fund outflow worries

(FASTNEWS | COLOMBO) – Sri Lanka’s rupee slipped on Tuesday amid worries over further foreign fund outflows after the central…

Sri Lanka Customs revenue tops Rs. 919 Bn in 2018
BUSINESS
byFastnewsAug 28, 2019

Sri Lanka Customs revenue tops Rs. 919 Bn in 2018

(FASTNEWS | COLOMBO) –Sri Lanka Customs (SLC) the country’s largest revenue earning state body has been able to secure a…

Sri Lanka and Venezuela Agree to Forge Closer Bilateral Ties – [IMAGE]
BUSINESS
byFastnewsAug 28, 2019

Sri Lanka and Venezuela Agree to Forge Closer Bilateral Ties – [IMAGE]

(FASTNEWS | COLOMBO) – As part of an Asian tour undertaken to promote closer cooperation between the Bolivarian Republic of…

Prime stands tall among ‘Most Respected Entities in Sri Lanka’ – [IMAGES]
BUSINESS
byFastnewsAug 28, 2019

Prime stands tall among ‘Most Respected Entities in Sri Lanka’ – [IMAGES]

(FASTNEWS | COLOMBO) –  Prime Group was selected as the Most Respected Real Estate Organization among Sri Lanka’s ‘Most Respected…

LOT Polish Airlines to start 3 weekly direct flights to Sri Lanka from Nov.
BUSINESS
byFastnewsAug 26, 2019

LOT Polish Airlines to start 3 weekly direct flights to Sri Lanka from Nov.

(FASTNEWS|COLOMBO) – Starting from the winter season, LOT will fly from Warsaw to Sri Lanka with flights being operated seasonally,…

Cabinet paper to issue RFPs for $ 500 m Samurai bond tomorrow
BUSINESS
byFastnewsAug 26, 2019

Cabinet paper to issue RFPs for $ 500 m Samurai bond tomorrow

(FASTNEWS|COLOMBO) -The Central Bank is preparing to issue Sri Lanka’s first Samurai bond of $ 500 million in October or…

Sri Lanka to achieve target of 2mn tourist arrivals in 2019
BUSINESS
byFastnewsAug 26, 2019

Sri Lanka to achieve target of 2mn tourist arrivals in 2019

(FASTNEWS|COLOMBO) – Sri Lanka is well on track to attract 2 million tourists by the end of this year, Sri…

Asian stocks drop as US-China trade war escalates
BUSINESS
byFastnewsAug 26, 2019

Asian stocks drop as US-China trade war escalates

(FASTNEWS|COLOMBO) – Asian stock markets sank on Monday after a sharp escalation in the US-China trade war rattled investors. On…

Central Bank reduces its Policy Interest Rates
BUSINESS
byFastnewsAug 23, 2019

Central Bank reduces its Policy Interest Rates

(FASTNEWs|COLOMBO) -The Central Bank of Sri Lanka, during a meeting held yesterday (22), has decided to reduce its Policy Interest…

Inflation increases to 2.2% in July 2019
BUSINESS
byFastnewsAug 22, 2019

Inflation increases to 2.2% in July 2019

(FASTNEWS|COLOMBO) -The Department of Census and Statistics says Sri Lanka’s nationwide inflation in July 2019 determined under the National Consumer…

Sri Lanka unveils most modern hi-tech TVET facility with South Korean backing
BUSINESSLOCALTOP STORY 3
byNews EditorAug 21, 2019

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

(FASTNEWS|COLOMBO) – Backed by the global industrial giant South Korea, Sri Lanka launched its most modern national hi-tech training facility…

Trump considers new tax cut to boost US economy
BUSINESS
byFastnewsAug 21, 2019

Trump considers new tax cut to boost US economy

(FASTNEWS|COLOMBO) – President Donald Trump has confirmed he is considering a new, temporary payroll tax cut to help boost the…

Safari in Sri Lanka like never before with Go 4 Safari
BUSINESS
byNews EditorAug 21, 2019Aug 21, 2019

Safari in Sri Lanka like never before with Go 4 Safari

(FASTNEWS|COLOMBO) – Considering a wildlife safari adventure tour in Sri Lanka? Consult the Go 4 Safari travel experts who will…

Trump plays down fears of US recession
BUSINESS
byFastnewsAug 19, 2019

Trump plays down fears of US recession

(FASTNEWS|COLOMBO) -Donald Trump has tried to reassure markets about the risk of the US falling into a recession by saying…

ADB grants $ 160 Mn loan to modernize Sri Lanka Railway
BUSINESS
byFastnewsAug 16, 2019

ADB grants $ 160 Mn loan to modernize Sri Lanka Railway

(FASTNEWS|COLOMBO) -The Asian Development Bank (ADB) has approved a $160 million loan to modernize the operations and improve the efficiency…

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