Category: BUSINESS

“Corruption, crime, drugs are main challenges for every country” – President

“Corruption, crime, drugs are main challenges for every country” – President

Jul 26, 2018

(FASTNEWS|COLOMBO) - President Maithripala Sirisena expect to place Sri Lanka in the number one position among the countries in the ... Read More

Central Bank cancels licence of Standard Credit Finance Limited with immediate effect

Central Bank cancels licence of Standard Credit Finance Limited with immediate effect

Jul 26, 2018

(FASTNEWS|COLOMBO) - The Central Bank has cancelled the licence of Standard Credit Finance Limited (TSCFL) with immediate effect. (more…) Read More

China firm readying international gem and jewellery hub in Sri Lanka

China firm readying international gem and jewellery hub in Sri Lanka

Jul 26, 2018

(FASTNEWS|COLOMBO) - A Chinese gold mining giant announced that it is ready to set up an international standard, modern gold, ... Read More

Sri Lanka tops at International Civil Aviation Organisation audit

Sri Lanka tops at International Civil Aviation Organisation audit

Jul 25, 2018

(FASTNEWS|COLOMBO) - Sri Lanka has shown 88.57% of overall Effective Implementation of International Standards and Recommended Practices (SARPs) at Safety ... Read More

Steps implemented to address over-visitation to Yala – Prime Minister’s Office

Steps implemented to address over-visitation to Yala – Prime Minister’s Office

Jul 25, 2018

(FASTNEWS|COLOMBO) - Steps have been taken to address over-visitation to the Yala Wildlife Park and to gradually limit the number ... Read More

Minister Rishad Bathiudeen leaves for Malaysia to attend Global Leadership Awards 2018

Minister Rishad Bathiudeen leaves for Malaysia to attend Global Leadership Awards 2018

Jul 25, 2018

(FASTNEWS|COLOMBO) - Minister of Industry and Commerce Rishad Bathiudeen left the country to attend the Global Leadership Awards 2018 to ... Read More

Kuwait keen to boost and expand relations with Sri Lanka

Kuwait keen to boost and expand relations with Sri Lanka

Jul 25, 2018

(FASTNEWS|COLOMBO) - Assistant to the Minister of Foreign Affairs of Kuwait Ali Suleiman Al-Saeed called on Foreign Minister Tilak Marapana ... Read More

Iran dismisses Sri Lanka’s oil debt swap with tea proposal

Iran dismisses Sri Lanka’s oil debt swap with tea proposal

Jul 25, 2018

(FASTNEWS|COLOMBO) - Iran has described as “Impossible” Sri Lanka’s proposal to clear its oil debts worth $250 million to Iran ... Read More

Government to write-off loans given up to Rs. 100,000 to drought-affected women

Government to write-off loans given up to Rs. 100,000 to drought-affected women

Jul 25, 2018

(FASTNEWS|COLOMBO) - The Cabinet of Ministers, on the recommendation of the Minister of Finance and Mass Media Mangala Samaraweera decided ... Read More

Colombo Port transhipment operations witnesses the highest growth

Colombo Port transhipment operations witnesses the highest growth

Jul 24, 2018

(FASTNEWS|COLOMBO) - Establishing a record in transshipment operations the Port of Colombo has witnessed the highest growth of 19.8% in ... Read More

Electric three wheelers manufactured in Sri Lanka by 2020

Electric three wheelers manufactured in Sri Lanka by 2020

Jul 24, 2018

(FASTNEWS|COLOMBO) - The first batch of electric three wheelers manufactured in Sri Lanka will be ready by 2020. (more…) Read More

Minister Rishad Bathiudeen commends Premier’s assurance of financial support for SMEs

Minister Rishad Bathiudeen commends Premier’s assurance of financial support for SMEs

Jul 24, 2018

(FASTNEWS|COLOMBO) - Sri Lanka is to unleash one of the largest ever support initiatives for its start-ups and entrepreneurs. He ... Read More

Norochcholai Lakvijaya Power Plant anticipates EPL renewal

Norochcholai Lakvijaya Power Plant anticipates EPL renewal

Jul 23, 2018

(FASTNEWS|COLOMBO) - Norochcholai Lakvijaya Power Plant anticipates a renewal of its Environmental Protection Licence (EPL), the State newspaper reports quoted ... Read More

Sri Lanka considering to settle Iran oil due payments with tea exports

Sri Lanka considering to settle Iran oil due payments with tea exports

Jul 23, 2018

(FASTNEWS|COLOMBO) - Sri Lanka says it is considering a plan to settle payments to Iran for previous oil purchases by ... Read More

Amaraweera assures maximum relief for exporters of agricultural crops

Amaraweera assures maximum relief for exporters of agricultural crops

Jul 21, 2018

(FASTNEWS|COLOMBO) - Maximum relief will be given for exporters of agricultural crops, Minister of Agriculture Mahinda Amaraweera said. (more…) Read More