New technology to uplift tea industry
(FASTNEWS|COLOMBO) – The growth of Sri Lanka’s tea industry depends on changing the system of training and education of youth…
Category: BUSINESS
Rs. 300 million Indian grant assistance to set up 5000-metric ton cold storage in Dambulla
(FASTNEWS|COLOMBO) – India and Sri Lanka have signed a Memorandum of Understanding (MoU) for the construction of a 5000-metric ton…
India’s State-owned Airports Authority to develop Palaly Airport in Sri Lanka
(FASTNEWS|COLOMBO) – India’s State-owned Airports Authority of India (AAI) will prepare a detailed project report for development of Palaly Airport…
Sri Lankan rupee touches fresh low against dollar
(FASTNEWS|COLOMBO) – The Sri Lankan rupee touched a fresh low of 164.37 per dollar on Friday due to higher dollar demand.…
Industrial production Index up 1.1%
(FASTNEWS|COLOMBO) – The Index of industrial production (IIP) has increased by 1.1% in July 2018 compared to the same month…
Four mn tourist arrivals, US $ 7 bn revenue by 2020
(FASTNEWS|COLOMBO) – Sri Lanka’s position as a tourist destination will be further consolidated with the newly set industry targets, which…
IT Gallery launches EZVIZ global smart home security solutions from Hikvision
(FASTNEWS|COLOMBO) – IT Gallery, a leading distributor of video surveillance products and solutions and the National Distributor for Hikvision in…
Australian Meeting with Sri Lankan Coconut Products Exporters
(UTV|COLOMBO) – The Coconut Development Authority of Sri Lanka (CDA), in association with the Consulate General of Sri Lanka, organised…
VAT should not be applied to goods and services consumed outside
(FASTNEWS|COLOMBO) – VAT is an end user consumption tax, and therefore should not be applied to goods and services that…
Sri Lankan rupee falls on importer dollar demand, dollar strength
(FASTNEWS|COLOMBO) – The Sri Lankan rupee ended weaker on Monday as importer dollar demand surpassed greenback sales by banks and…
Sri Lanka – Oman review bilateral relations, discuss future investments
(FASTNEWS|COLOMBO) – Sri Lanka and Oman had talks where bilateral relations came under review and future investment were discussed.
Lanka IOC increases fuel prices
(FASTNEWS|COLOMBO) – Lanka IOC (LIOC), IndianOil’s subsidiary in Sri Lanka, has also increased fuel prices from midnight Monday (10).
Fuel prices revised with effect from midnight
(FASTNEWS|COLOMBO) – The prices of fuel have been revised with effect from midnight Monday (10) based on the Cabinet-approved fuel…
Sri Lanka one step closer to Geneva backed e-commerce charter
(FASTNEWS|COLOMBO) – Within less than six months’ of its pioneering consultations in Colombo, Sri Lanka swiftly moved one more step…
Cabinet-approved monthly fuel price revision today
(FASTNEWS|COLOMBO) – The monthly fuel price revision based on the Cabinet-approved fuel pricing formula will be implemented today (10).