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Category: BUSINESS

Fantasy Island to set up US $4 million Entertainment Park in Battaramulla
BUSINESS
byFastnewsJul 19, 2019Jul 19, 2019

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

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

Ceylon Tea global promotional campaign to kick-start in Russia
BUSINESS
byFastnewsJul 19, 2019Jul 19, 2019

Ceylon Tea global promotional campaign to kick-start in Russia

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

Exports rebound in May
BUSINESS
byFastnewsJul 18, 2019Jul 18, 2019

Exports rebound in May

(FASTNEWS|COLOMBO) – Record 4% growth to $ 961 m from a year earlier and 0.4% in April Imports down 3.9%…

Sri Lanka all set for Expo 2020 Dubai
BUSINESS
byFastnewsJul 18, 2019

Sri Lanka all set for Expo 2020 Dubai

(FASTNEWS|COLOMBO) – Sri Lanka is now officially an approved participant at the World Expo 2020 Dubai as the Government of…

CMI elects Murali Prakash as President at 18th AGM
BUSINESS
byFastnewsJul 18, 2019Jul 18, 2019

CMI elects Murali Prakash as President at 18th AGM

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

Stock market gains to over 3-month high on local buying; rupee steady
BUSINESS
byFastnewsJul 18, 2019Jul 18, 2019

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

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

Tourism earnings drop by 71% in May
BUSINESS
byFastnewsJul 18, 2019Jul 18, 2019

Tourism earnings drop by 71% in May

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

China’s Sinopec sets up fuel oil unit in Sri Lanka
BUSINESSLOCAL
byNews EditorJul 15, 2019Jul 15, 2019

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

(FASTNEWS|COLOMBO) – China Petroleum and Chemical Corp, known as Sinopec Corp, said today (15) that it has set up a…

US launches inquiry into French plan to tax tech giants
BUSINESS
byFastnewsJul 11, 2019Jul 11, 2019

US launches inquiry into French plan to tax tech giants

(FASTNEWS|COLOMBO) – US President Donald Trump has ordered an investigation into France’s planned tax on tech giants – a move…

Lanka IOC revises fuel prices
BUSINESSLOCALTOP STORY 1
byNews EditorJul 11, 2019Jul 11, 2019

Lanka IOC revises fuel prices

(FASTNEWS|COLOMBO) – Lanka IOC, the IndianOil’s subsidiary in Sri Lanka on Wednesday (10) decided to reduce the prices of fuel…

Fuel price reduced
BUSINESSLOCALTOP STORY 1
byNews EditorJul 10, 2019Jul 10, 2019

Fuel price reduced

(FASTNEWS|COLOMBO) – The Ministry of Finance on Wednesday (10) announced that the prices of fuel would be reduced from midnight…

Fuel Pricing Committee to convene today
BUSINESSLOCAL
byNews EditorJul 10, 2019Jul 10, 2019

Fuel Pricing Committee to convene today

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

Samaposha Powers Provincial Schools Sports to Uplift Sporting Standards
BUSINESS
byadminJul 8, 2019Jul 8, 2019

Samaposha Powers Provincial Schools Sports to Uplift Sporting Standards

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

President instructs Officials to accelerate Moragahakanda
BUSINESSLOCALTOP STORY 1
byNews EditorJul 8, 2019Jul 8, 2019

President instructs Officials to accelerate Moragahakanda

(FASTNEWS|COLOMBO) – President Maithripala Sirisena has instructed all relevant Officials to accelerate multiple irrigation projects connected to Morahakanda – Kaluganaga…

Palali Airport to upgrade at a cost of Rs. 22 billion [VIDEO]
BUSINESSLOCALTOP STORY 1
byNews EditorJul 6, 2019Jul 6, 2019

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

(FASTNEWS|COLOMBO) – The upgrading of the Palali Airport to the international level was a significant victory achieved by the Government…

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