Category: BUSINESS

Maximum retail price imposed on white sugar

Maximum retail price imposed on white sugar

Oct 13, 2018

(FASTNEWS|COLOMBO) - A maximum retail price has been imposed on white sugar, the Consumer Affairs Authority (CAA) said. (more…) Read More

Sri Lankan rupee hits record low on strong importer dollar demand

Sri Lankan rupee hits record low on strong importer dollar demand

Oct 9, 2018

(FASTNEWS|COLOMBO) - Sri Lankan Rupee depreciates to a new record low against US dollar as Central Bank of Sri Lanka (CBSL) ... Read More

London Stock Exchange to support Sri Lanka’s investments and infrastructure

London Stock Exchange to support Sri Lanka’s investments and infrastructure

Oct 9, 2018

(FASTNEWS|COLOMBO) - Chief Executive Officer (CEO) of the London Stock Exchange David Schwimmer has said is should be greatly appreciated ... Read More

Sri Lanka – Kuwait trade revived this Tuesday after 2-decades

Sri Lanka – Kuwait trade revived this Tuesday after 2-decades

Oct 8, 2018

(FASTNEWS|COLOMBO) - After a hiatus exceeding two decades, Sri Lanka is reviving bilateral trade with the second wealthiest economy in ... Read More

SriLankan named the “World’s Most Punctual Airline”

SriLankan named the “World’s Most Punctual Airline”

Oct 8, 2018

(FASTNEWS|COLOMBO) - SriLankan Airlines, has been named the “World’s Most Punctual Airline” by global flight data analysis company Flightstats. (more…) Read More

Only 16% Sri Lankan students enter University

Only 16% Sri Lankan students enter University

Oct 6, 2018

(FASTNEWS|COLOMBO) - Despite playing a huge role in the country’s economy, Sri Lankan entrepreneurs and Small and Medium-sized Enterprises (SMEs) ... Read More

Dept. of Commerce’ new Trade Info Portal stuns world trade within 2-months of launch

Dept. of Commerce’ new Trade Info Portal stuns world trade within 2-months of launch

Oct 3, 2018

(FASTNEWS|COLOMBO) - Sri Lanka’s Trade Information Portal (TIP)-Government’s major initiative on cross-border trade information that complies with the World Trade ... Read More

Railway Fare Revision: Commuters complain over fares

Railway Fare Revision: Commuters complain over fares

Oct 3, 2018

(FASTNEWS|COLOMBO) - Although the Department of Railways refute the claims regarding an inconsistent increase in several fares following the recent ... Read More

Mangala to present 2019 Budget to Parliament on Nov. 05

Mangala to present 2019 Budget to Parliament on Nov. 05

Oct 3, 2018

(FASTNEWS|COLOMBO) - The Cabinet of Ministers has approved the 2019 Appropriation Bill, presented by Minister of Finance and Media Mangala ... Read More

Sri Lanka Central Bank surprises, keeps key rates steady

Sri Lanka Central Bank surprises, keeps key rates steady

Oct 2, 2018

(FASTNEWS|COLOMBO) - Sri Lanka’s Central Bank surprised the market on Tuesday (02) by leaving its key policy rates unchanged, despite ... Read More

Train fares increased by a minimum of 15%

Train fares increased by a minimum of 15%

Oct 1, 2018

(FASTNEWS|COLOMBO) - Train fares have been increased by a minimum of 15 per cent, the Sri Lanka Railway Department said. ... Read More

MRP imposed on bottled drinking water

MRP imposed on bottled drinking water

Oct 1, 2018

(FASTNEWS|COLOMBO) - The Consumer Affairs Authority (CAA) has issued a Gazette Extraordinary imposing the Maximum Retail Price (MRP) on bottled ... Read More

“Large scale foreign loans affect Sri Lanka” – Premier

“Large scale foreign loans affect Sri Lanka” – Premier

Sep 30, 2018

(FASTNEWS|COLOMBO) - Sri Lanka is affected by the global economic crisis for taking large scale foreign loans instead of getting ... Read More

Finance Ministry announces steps to ease the pressure on LKR

Finance Ministry announces steps to ease the pressure on LKR

Sep 30, 2018

(FASTNEWS|COLOMBO) - The Government on Saturday (29) decided to suspend the issuing of vehicle permits to Members of Parliament (MPs) ... Read More

China relations with Sri Lanka growing rapidly, 300,000 tourists to come

China relations with Sri Lanka growing rapidly, 300,000 tourists to come

Sep 27, 2018

(FASTNEWS|COLOMBO) - China says over the past year the pragmatic cooperation between China and Sri Lanka has developed rapidly. Speaking ... Read More