Category: BUSINESS

Defamation of Minister Rishad results in compensation demand

Defamation of Minister Rishad results in compensation demand

Feb 10, 2019

(FASTNEWS|COLOMBO) - The Minister of Industry and Commerce has claimed Rs. 1 billion compensation with regard to a statement broadcasted ... Read More

Term of Presidential Commission on SriLankan Airlines extended

Term of Presidential Commission on SriLankan Airlines extended

Feb 8, 2019

(FASTNEWS|COLOMBO) - President Maithripala Sirisena has issued a Gazette Notification on Thursday (07) extending the term of Office of the ... Read More

UK to provide GBP 49 million worth of support to develop infrastructure in Sri Lanka

UK to provide GBP 49 million worth of support to develop infrastructure in Sri Lanka

Feb 8, 2019

(FASTNEWS|COLOMBO) - International Trade Secretary Liam Fox has today announced United Kingdom Export Finance (UKEF) will provide GBP 49 million ... Read More

Imported milk powder is safe – Govt. assures

Imported milk powder is safe – Govt. assures

Feb 8, 2019

(FASTNEWS|COLOMBO) - The Ministry of Health, Nutrition and Indigenous Medicine on Thursday (07) announced that imported milk powder is safe ... Read More

Plantation Workers Wages: Discussion ended without agreement

Plantation Workers Wages: Discussion ended without agreement

Feb 7, 2019

(FASTNEWS|COLOMBO) - The discussion held on Thursday (07) at the Prime Minister's Office on wages of Plantation workers, has ended ... Read More

Central Bank warns of ATM card fraud; Urges public to be vigilant

Central Bank warns of ATM card fraud; Urges public to be vigilant

Feb 7, 2019

(FASTNEWS|COLOMBO) - The Central Bank of Sri Lanka on Wednesday (06) informed public to exercise due care and vigilance when ... Read More

2019 Appropriation Bill presented in Parliament [UPDATE]

2019 Appropriation Bill presented in Parliament [UPDATE]

Feb 5, 2019

(FASTNEWS|COLOMBO) - UPDATE: The 2019 Appropriation Bill was presented to Parliament on Tuesday (05). According to the Bill, the total ... Read More

Import Levies on potatoes and maize increased

Import Levies on potatoes and maize increased

Feb 3, 2019

(FASTNEWS|COLOMBO) - The Import Levy on one kilogramme of potatoes has been increased by Rs. 30, while the Import Levy ... Read More

Sri Lanka to borrow USD 1 billion from China for highway project

Sri Lanka to borrow USD 1 billion from China for highway project

Feb 2, 2019

(FASTNEWS|COLOMBO) - Sri Lanka, which last year handed over a strategic port to a Chinese firm for a 99-year lease ... Read More

Sri Lanka High Commission in Singapore launches Mobile Service

Sri Lanka High Commission in Singapore launches Mobile Service

Feb 1, 2019

(FASTNEWS|COLOMBO) - The Sri Lanka High Commission in Singapore launched its first Mobile Service at Srilankaramaya Temple premises in Singapore ... Read More

Sri Lanka – China FTA to be signed this year

Sri Lanka – China FTA to be signed this year

Feb 1, 2019

(FASTNEWS|COLOMBO) - The Free Trade Agreement (FTA) between Sri Lanka and China is expected to be signed this year, China ... Read More

Appointments of Chairmen for State-owned tourism bodies postponed

Appointments of Chairmen for State-owned tourism bodies postponed

Jan 30, 2019

(FASTNEWS|COLOMBO) - Several well-placed sources speculated that the appointment of Chairmen for all State-owned Tourism Institutes has been postponed following ... Read More

Lanka Sathosa scales beyond 400 branches

Lanka Sathosa scales beyond 400 branches

Jan 29, 2019

(FASTNEWS|COLOMBO) - Lanka Sathosa, the country’s largest State-owned retail chain, has expanded its branch network beyond the 400 milestone and ... Read More

Liquor prices revised

Liquor prices revised

Jan 29, 2019

(FASTNEWS|COLOMBO) - Prices of several liquor products of the Distilleries Company of Sri Lanka (DCSL) were revised on Monday (28) ... Read More

Sri Lanka’s footwear sector tributes Industry Minister

Sri Lanka’s footwear sector tributes Industry Minister

Jan 28, 2019

(FASTNEWS|COLOMBO) - For the first time in the history of Sri Lanka’s USD 550 million footwear and leather sector, the ... Read More