Category: BUSINESS

First EU GSP+ Guide For Lankan Exporters Published

First EU GSP+ Guide For Lankan Exporters Published

Dec 13, 2017

The first comprehensive and almost step by step guide for Lankan exporters to export under EU GSP Plus scheme has ... Read More

Sri Lanka Tea Prices Show Gains In Nov 2017

Sri Lanka Tea Prices Show Gains In Nov 2017

Dec 11, 2017

Sri Lanka tea prices at the November 2017 auctions showed gains in high, medium and low growns, a new report ... Read More

IMF Completes 3rd Review; Approves USD251.4Mn Disbursement

IMF Completes 3rd Review; Approves USD251.4Mn Disbursement

Dec 8, 2017

MF Executive Board has completed the third review of Sri Lanka’s Extended Fund Facility arrangement, which enables the disbursement of ... Read More

Sri Lanka To Build 400MW Power Plant In Hambantota

Sri Lanka To Build 400MW Power Plant In Hambantota

Dec 7, 2017

 Sri Lanka’s government has given the cabinet nod for the establishment of a 400 MW natural gas power plant in Hambantota, a ... Read More

Central Bank says Sri Lanka prosperity improves in 2016

Central Bank says Sri Lanka prosperity improves in 2016

Dec 6, 2017

Sri Lanka’s prosperity, measured by the Prosperity Index has improved to 0.746 in 2016 from 0.685 in the previous year, ... Read More

Planters Association Calls For Greater Support In Oil Palms

Planters Association Calls For Greater Support In Oil Palms

Nov 30, 2017

Sri Lanka’s Planters Association has called for more support for palm oil as profits from the crop are rising at ... Read More

Austria Gives Euro19Mn Loan To Upgrade Technical Education

Austria Gives Euro19Mn Loan To Upgrade Technical Education

Nov 29, 2017

The Austrian Government will provide a 19.35 million Euro (Rs 3546 million) interest free soft loans to upgrade the Katunayaka ... Read More

Sri Lanka Exports up 12.9-pct in Sept

Sri Lanka Exports up 12.9-pct in Sept

Nov 28, 2017

Sri Lanka’s exports were up to 1.011 million dollars, a rise of 12.9 percent with growth in the textile and ... Read More

Sri Lanka Plans To Reduce Debt To GDP Ratio To 70-Pct By 2020

Sri Lanka Plans To Reduce Debt To GDP Ratio To 70-Pct By 2020

Nov 16, 2017

The government has endeavored to reduce its debt to a risk-free and manageable level through revenue enhancement and mobilization efforts, ... Read More

Sri Lanka To Give Rs.15Bn As Concessionary Loans To Target Sectors: Finance Minister

Sri Lanka To Give Rs.15Bn As Concessionary Loans To Target Sectors: Finance Minister

Nov 15, 2017

The Ministry of Finance says that it will create a credit scheme with the allocation of 15 billion rupees in ... Read More

Sri Lanka Budget Keeps to IMF Plan But Fiscals Still Weak: Fitch

Sri Lanka Budget Keeps to IMF Plan But Fiscals Still Weak: Fitch

Nov 14, 2017

Fitch Ratings says Sri Lanka’s budget for 2018 sticks broadly to the targets for fiscal deficit reduction under its three-year ... Read More

Colombo District Land Price Index Up 12.6-Pct In 1H 2017: CBSL

Colombo District Land Price Index Up 12.6-Pct In 1H 2017: CBSL

Nov 13, 2017

Sri Lanka’s Central Bank says that on yearly basis Land Price Index for the period ending June 2017 has increased ... Read More

IMF’s Lagarde Warns Protectionism, While Now Just Words, May Come To Hurt Asia

IMF’s Lagarde Warns Protectionism, While Now Just Words, May Come To Hurt Asia

Nov 8, 2017

Protectionist sentiment has not yet gone beyond mere words, International Monetary Fund Managing Director Christine Lagarde said on Wednesday, but ... Read More

Sri Lanka’s Central Bank Keeps Policy Rates Steady

Sri Lanka’s Central Bank Keeps Policy Rates Steady

Nov 7, 2017

Sri Lanka’s Monetary Board of the Central Bank has decided to keep its key interest rates steady despite rising headline ... Read More

Oil hits two-year high on Saudi purge, world shares retreat

Oil hits two-year high on Saudi purge, world shares retreat

Nov 6, 2017

Oil jumped to its highest in over two years on Monday as Saudi Arabia’s crown prince cemented his power through ... Read More