Category: BUSINESS

Fantasy Island to set up US $4 million Entertainment Park in Battaramulla

Fantasy Island to set up US $4 million Entertainment Park in Battaramulla

Jul 19, 2019

(FASTNEWS|COLOMBO) - State-run investment promotion agency, Board of Investment (BOI) yesterday (18) said it had signed an investment agreement with ... Read More

Ceylon Tea global promotional campaign to kick-start in Russia

Ceylon Tea global promotional campaign to kick-start in Russia

Jul 19, 2019

(FASTNEWS|COLOMBO) - The much awaited Ceylon Tea Global Campaign, which faced delays due to several reasons, will be launched in ... Read More

Exports rebound in May

Exports rebound in May

Jul 18, 2019

(FASTNEWS|COLOMBO) - Record 4% growth to $ 961 m from a year earlier and 0.4% in AprilImports down 3.9% to ... Read More

Sri Lanka all set for Expo 2020 Dubai

Sri Lanka all set for Expo 2020 Dubai

Jul 18, 2019

(FASTNEWS|COLOMBO) - Sri Lanka is now officially an approved participant at the World Expo 2020 Dubai as the Government of ... Read More

CMI elects Murali Prakash as President at 18th AGM

CMI elects Murali Prakash as President at 18th AGM

Jul 18, 2019

(FASTNEWS|COLOMBO) - The 18th Annual General Meeting (AGM) of the Chartered Management Institute (CMI), Sri Lanka branch was held recently ... Read More

Stock market gains to over 3-month high on local buying; rupee steady

Stock market gains to over 3-month high on local buying; rupee steady

Jul 18, 2019

(FASTNEWS|COLOMBO) - Sri Lankan shares rose for the sixth straight session yesterday to hit a more than three-month closing high, ... Read More

Tourism earnings drop by 71% in May

Tourism earnings drop by 71% in May

Jul 18, 2019

(FASTNEWS|COLOMBO) - As a direct impact of the Easter Sunday tragedy, earnings from tourism in May have plunged by 70.8% ... Read More

China’s Sinopec sets up fuel oil unit in Sri Lanka

China’s Sinopec sets up fuel oil unit in Sri Lanka

Jul 15, 2019

(FASTNEWS|COLOMBO) - China Petroleum and Chemical Corp, known as Sinopec Corp, said today (15) that it has set up a ... Read More

US launches inquiry into French plan to tax tech giants

US launches inquiry into French plan to tax tech giants

Jul 11, 2019

(FASTNEWS|COLOMBO) - US President Donald Trump has ordered an investigation into France's planned tax on tech giants - a move ... Read More

Lanka IOC revises fuel prices

Lanka IOC revises fuel prices

Jul 11, 2019

(FASTNEWS|COLOMBO) - Lanka IOC, the IndianOil's subsidiary in Sri Lanka on Wednesday (10) decided to reduce the prices of fuel ... Read More

Fuel price reduced

Fuel price reduced

Jul 10, 2019

(FASTNEWS|COLOMBO) - The Ministry of Finance on Wednesday (10) announced that the prices of fuel would be reduced from midnight ... Read More

Fuel Pricing Committee to convene today

Fuel Pricing Committee to convene today

Jul 10, 2019

(FASTNEWS|COLOMBO) - Fuel Pricing Committee is scheduled to convene at the Ministry of Finance this afternoon (10). When revising the ... Read More

Samaposha Powers Provincial Schools Sports to Uplift Sporting Standards

Samaposha Powers Provincial Schools Sports to Uplift Sporting Standards

Jul 8, 2019

(FASTNEWS|COLOMBO) - Plenty Foods (Pvt) Limited, a fully owned subsidiary of CBL, manufacturer of the nation’s popular cereal brand, Samaposha, ... Read More

President instructs Officials to accelerate Moragahakanda

President instructs Officials to accelerate Moragahakanda

Jul 8, 2019

(FASTNEWS|COLOMBO) - President Maithripala Sirisena has instructed all relevant Officials to accelerate multiple irrigation projects connected to Morahakanda - Kaluganaga ... Read More

Palali Airport to upgrade at a cost of Rs. 22 billion [VIDEO]

Palali Airport to upgrade at a cost of Rs. 22 billion [VIDEO]

Jul 6, 2019

(FASTNEWS|COLOMBO) - The upgrading of the Palali Airport to the international level was a significant victory achieved by the Government ... Read More