160 Passenger Coaches to be supplied from India to Sri Lanka Railways under Concessional Financing
(FASTNEWS|COLOMBO) – A contract agreement for around USD 82.64 million for the supply of 160 passenger coaches from India under…
Category: BUSINESS
National Evaluation Policy to be launched at EvalColombo 2018
FASTNEWS | COLOMBO – The National Evaluation Policy (NEP) of Sri Lanka, would be launched at ‘EvalColombo 2018,’ the first…
Rupee hits record low for 12th session
(FASTNEWS|COLOMBO) The Sri Lankan rupee fell to an all-time low on Wednesday with the selling price of the US Dollar…
Eastern Echo starts petroleum surveys
(FASTNEWS|COLOMBO) The Eastern Echo DMCC, subsidiary of a major oilfield services company in Schlumberger,Sunday commenced collecting petroleum data on multi-client…
Aeroflot to resume Colombo flights
(FASTNEWS|COLOMBO) – Aeroflot, the Russian Airline, will re-launch regular non-stop flights to Colombo from 28 October, 2018, the Moscow-based airline…
Sri Lanka’s ‘SMEs and unlisteds’ gets access to finance
(FASTNEWS|COLOMBO) – Turning a new page in the history of key Sri Lankan economic drivers-the SMEs, informal enterprises and unlisted…
Oil prices steady as OPEC supplies weigh but Iran sanctions loom
(FASTNEWS|COLOMBO) Oil prices were stable on Monday, weighed down by rising supply from OPEC and the United States but supported…
Sri Lanka commences oil exploration
(FASTNEWS|COLOMBO) – The oil exploration in the deep sea off Sri Lanka’s North and East has commenced on Sunday (02),…
Price of wheat flour increased by Rs. 5
(FASTNEWS|COLOMBO) – The price of a kilogramme of Prima wheat flour has been increased by Rs. 5, with effect from…
Oil stable as Iran sanctions loom, but trade wars weigh
(FASTNEWS|COLOMBO) Oil markets held steady on Friday, supported by looming U.S. sanctions against Iran’s oil exports and falling Venezuelan output,…
Sri Lanka, Myanmar agreed to strengthen trade ties through Joint Trade Agreement
(FASTNEWS|COLOMBO) – Leaders of Sri Lanka and Myanmar agreed to further strengthen the economic and trade relations between the two…
Toyota to invest $500m in Uber
(FASTNEWS|COLOMBO) Japanese carmaker Toyota is to invest $500m (£387m) in Uber and expand a partnership to jointly develop self-driving cars.…
Bangladesh urges Sri Lanka to sign FTA quickly
(FASTNEWS|COLOMBO) – Bangladesh has urged Sri Lanka to sign the Free Trade Agreement and the bilateral coastal shipping deal quickly…
Sri Lanka rupee hits record low of 161.10 per dollar – dealers
(FASTNEWS|COLOMBO) The Sri Lankan rupee hit an all-time low of 161.10 per dollar on Monday, pulled down by importer dollar…
Uber gears up for shift to bikes on short trips
(FASTNEWS|COLOMBO) Uber is planning a shift in emphasis from cars to electric bicycles and scooters for shorter journeys as part…