Category: BUSINESS

SriLankan Airlines to resume services to Karachi

SriLankan Airlines to resume services to Karachi

May 31, 2019

(FASTNEWS|COLOMBO) - SriLankan Airlines is to resume services to Pakistan’s commercial capital Karachi on Saturday (01). Sri Lanka’s National Carrier ... Read More

More relief under ‘Enterprise Sri Lanka’

More relief under ‘Enterprise Sri Lanka’

May 31, 2019

(FASTNEWS|COLOMBO) - The Government has decided to grant financial facilities for 8 new loan schemes thereby further widening the Government’s ... Read More

SriLankan Catering posts Rs. 5.7 bn net profit

SriLankan Catering posts Rs. 5.7 bn net profit

May 31, 2019

(FASTNEWS|COLOMBO) - SriLankan Catering Ltd. has recorded a steady financial performance for the financial year ended 31st March 2019 with ... Read More

Government willing to reduce indirect taxes

Government willing to reduce indirect taxes

May 31, 2019

(FASTNEWS|COLOMBO) - The Commissioner of the Department of Inland Revenue says the government is willing to reduce the Value Added ... Read More

Sancharaka-Poddo : NEW RELIEF PACKAGE FOR INFORMAL TOURISM SECTOR

Sancharaka-Poddo : NEW RELIEF PACKAGE FOR INFORMAL TOURISM SECTOR

May 31, 2019

(FASTNEWS|COLOMBO) - Titled “Sancharaka-Poddo’ the Government yesterday announced a special relief package with a total interest subsidy cost worth Rs. ... Read More

Sri Lanka, Japan, India sign deal to develop East Container Terminal at Colombo Port

Sri Lanka, Japan, India sign deal to develop East Container Terminal at Colombo Port

May 29, 2019

(FASTNEWS|COLOMBO) - Sri Lanka, Japan, and India on Tuesday (28) signed an agreement to jointly develop the East Container Terminal ... Read More

SLTDA removes MRR imposed on Colombo City Hotels

SLTDA removes MRR imposed on Colombo City Hotels

May 28, 2019

(FASTNEWS|COLOMBO) - The Sri Lanka Tourism Development Authority (SLTDA) on Monday (27) decided to remove the Minimum Room Rate (MRR) ... Read More

Tenure of Presidential Commission on SriLankan and Mihin Lanka extended

Tenure of Presidential Commission on SriLankan and Mihin Lanka extended

May 27, 2019

(FASTNEWS|COLOMBO) - President Maithripala Sirisena has extended the term of Office of the Presidential Commission to inquire into allegations of ... Read More

Drug prices revised due to Rupee depreciation

Drug prices revised due to Rupee depreciation

May 27, 2019

(FASTNEWS|COLOMBO) - The prices of 64 drugs had been revised due to the appreciation of the value of the Dollar ... Read More

US-China trade war: Shoe giants urge Trump to end tariffs

US-China trade war: Shoe giants urge Trump to end tariffs

May 24, 2019

(FASTNEWS|COLOMBO) - Some of the world's biggest footwear firms are urging Donald Trump to end the US trade war with ... Read More

Trump says Huawei could be part of trade deal

Trump says Huawei could be part of trade deal

May 24, 2019

(FASTNEWS|COLOMBO) - US President Donald Trump has said Huawei could be part of a trade deal between the US and ... Read More

Japan and India to develop Colombo Port, countering Belt and Road

Japan and India to develop Colombo Port, countering Belt and Road

May 21, 2019

(FASTNEWS|COLOMBO) - The Governments of Japan, India, and Sri Lanka have agreed to jointly develop the Port of Colombo, Nikkei ... Read More

Pakistan’s trade with Sri Lanka comes to a halt

Pakistan’s trade with Sri Lanka comes to a halt

May 20, 2019

(FASTNEWS|COLOMBO) - Trade between Pakistan and Sri Lanka has come to a screeching halt, the Pakistan-based The Express Tribune reported. ... Read More

Google restricts Huawei’s use of Android

Google restricts Huawei’s use of Android

May 20, 2019

(FASTNEWS|COLOMBO) - Google has barred phone maker Huawei off from some updates to the Android operating system, dealing a blow ... Read More

Import levy on big onions increased

Import levy on big onions increased

May 20, 2019

(FASTNEWS|COLOMBO) - The import levy on big onions has been increased by Rs. 20 per kilogramme, the Minister of Agriculture, ... Read More