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Category: BUSINESS

India pledges USD 1.3 billion for development of Sri Lanka railway
BUSINESSLOCALTOP STORY 1
byNews EditorJan 28, 2019Jan 28, 2019

India pledges USD 1.3 billion for development of Sri Lanka railway

(FASTNEWS|COLOMBO) – India has so far committed Lines of Credit worth around USD 1.3 billion for development of railway sector…

President informs Singapore Premier of moves to amend FTA
BUSINESSLOCALTOP STORY 1
byNews EditorJan 26, 2019Jan 26, 2019

President informs Singapore Premier of moves to amend FTA

(FASTNEWS|COLOMBO) – President Maithripala Sirisena who is on a two-day official visit to Singapore held bilateral discussions with Prime Minister…

Committee report on SriLankan Airlines to President today
BUSINESSLOCAL
byNews EditorJan 23, 2019Jan 23, 2019

Committee report on SriLankan Airlines to President today

(FASTNEWS|COLOMBO) – Twelve-member Committee appointed by President Maithripala Sirisena to recommend policy for future of SriLankan Airlines has completed the…

“Sri Lanka handlooms go hi-tech after decades” – Minister Bathiudeen
BUSINESSLOCALTOP STORY 1
byNews EditorJan 23, 2019Jan 23, 2019

“Sri Lanka handlooms go hi-tech after decades” – Minister Bathiudeen

(FASTNEWS|COLOMBO) – Sri Lanka’s textile and handlooms sector gets a major upgrade this year after many decades when a global…

EDB seeks green light from China for Organic vegetable and fruit
BUSINESSLatest NewsLOCAL
byFastnewsJan 22, 2019Jan 22, 2019

EDB seeks green light from China for Organic vegetable and fruit

(FASTNEWS|COLOMBO) – Sri Lanka Export Development Board (EDB) has made a formal request to the Quarantine Authorities of China for…

Colombo Port City: Bidding to be completed by May
BUSINESSLatest NewsLOCAL
byFastnewsJan 21, 2019Jan 21, 2019

Colombo Port City: Bidding to be completed by May

(FASTNEWS|COLOMBO) – Many investors across the globe have shown a keen interest in bidding and investing in the Colombo Port…

IRRI and Sri Lanka sign a 5-year action plan
BUSINESSLOCALTOP STORY 1
byNews EditorJan 19, 2019Jan 19, 2019

IRRI and Sri Lanka sign a 5-year action plan

(FASTNEWS|COLOMBO) – President Maithripala Sirisena signed a five-year action plan between the International Rice Research Institute (IRRI) in Los Baños,…

South Asia’s leading E-Company Registration opens Monday
BUSINESSLOCALTOP STORY 1
byNews EditorJan 18, 2019Jan 18, 2019

South Asia’s leading E-Company Registration opens Monday

(FASTNEWS|COLOMBO) – The second stage of South Asia’s most sophisticated, national scale electronic company registration will commence when Sri Lanka’s…

ADB to provide USD 445 million-assistance to Sri Lanka
BUSINESSLOCALTOP STORY 1
byNews EditorJan 18, 2019Jan 18, 2019

ADB to provide USD 445 million-assistance to Sri Lanka

(FASTNEWS|COLOMBO) – The President of the Asian Development Bank (ADB) has promised to President Maithripala Sirisena to provide a total…

Economic Council to revive trade relations between Sri Lanka and the Philippines
BUSINESSLOCALTOP STORY 1
byNews EditorJan 17, 2019Jan 17, 2019

Economic Council to revive trade relations between Sri Lanka and the Philippines

(FASTNEWS|COLOMBO) – The two Heads of State have focused on establishing an Economic Council to revive economic and trade relations…

Cooperative allegations proved false [VIDEO]
BUSINESSLOCALTOP STORY 1
byNews EditorJan 10, 2019Jan 10, 2019

Cooperative allegations proved false [VIDEO]

(FASTNEWS|COLOMBO) – The Sri Lankan consumer can benefit only when the small scale rice miller is safeguarded. “We praise Minister…

Carbon Tax imposed on motor vehicles from Jan. 01
BUSINESSLOCAL
byNews EditorJan 10, 2019Jan 10, 2019

Carbon Tax imposed on motor vehicles from Jan. 01

(FASTNEWS|COLOMBO) – A Carbon Tax has been imposed on motor vehicles with effect from 01 January, 2019. The Carbon Tax…

All Ceylon Farmers’ Federation commends Minister Bathiudeen’s efforts to resolve concerns [VIDEO]
BUSINESSLOCAL
byNews EditorJan 9, 2019Jan 9, 2019

All Ceylon Farmers’ Federation commends Minister Bathiudeen’s efforts to resolve concerns [VIDEO]

(FASTNEWS|COLOMBO) – The National Organiser of the All Ceylon Farmers’ Federation, Namal Karunaratne commended the Minister of Industry and Commerce,…

Basic salary of State sector to increase?
BUSINESSLatest NewsLOCAL
byFastnewsJan 9, 2019Jan 9, 2019

Basic salary of State sector to increase?

(FASTNEWS|COLOMBO) – The Ministry of Finance states that the public servants salaries will be increased from Rs. 2500 to Rs.…

Sri Lanka rupee ends weaker on importer, bank dollar demand; stocks at 6-week low
BUSINESSLatest NewsLOCAL
byFastnewsJan 9, 2019Jan 9, 2019

Sri Lanka rupee ends weaker on importer, bank dollar demand; stocks at 6-week low

(FASTNEWS|COLOMBO) – Sri Lanka’s rupee ended weaker on Tuesday as importer dollar demand and continued outflows of foreign funds from…

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