Sri Lanka to obtain USD 200 M for 3rd phase of highways investment program
The proposal to obtain a sum of USD 200 million to finance the Second Consolidated Highways Investment Programme has received Cabinet approval. Prime Minister Mahinda...
Category : BUSINESS NEWS
Debate on Port City Economic Commission Bill postponed
Port City Economic Commission Bill will not be taken up for debate tomorrow (05th of May) as scheduled, the Parliament Communication Department announced. The Committee...
ComBank raises interest rate on ‘FC Plus’ foreign currency accounts to 4.5% per annum
The Commercial Bank of Ceylon has announced a significant increase in the interest rate offered to Sri Lankan Personal Foreign Currency (PFC) account holders, via...
Central Bank Releases its Annual Report for 2020
In terms of Section 35 of the Monetary Law Act No. 58 of 1949, the seventy-first Annual Report of the Monetary Board of the Central...
Sri Lanka’s Hayleys buys South Asia Textiles for Rs3.9bn
Hayleys Fabrics, a unit Sri Lanka’s Hayleys group said it had bought 98.84 percent of South Asia Textiles Limited, weft-knitted textile manufacturer, for 3.953 billion...
US cautions Colombo Port City from turning into money-laundering haven
(ANI): US Ambassador to Sri Lanka and Maldives, Alaina Teplitz on Saturday warned Sri Lanka of unintended consequences of ‘nefarious actors’ who may try to...
President commanded to ban importation of Palm Oil with immediate effect
President Gotabaya Rajapaksa has decided to imposes a ban on the importation of palm oil with immediate effect, President Media Division (PMD) said in a...
High ranked US MBA with scholarships – first time in Sri Lanka
Asian Institute of Business & Technology (AIBTCampus),Sri Lanka’s fastest growing Higher Education institution, announced its new partnership with Chatham University -USA and officially launched Sri...
Steps will be taken to control the price of rice after the next Maha season – State Minister
State Minister Shehan Semasinghe states that rice prices will be controlled after the next Maha season and relief will be provided to farmers as well...
25% of export proceeds must be converted to LKR; CBSL
The Monetary Board has issued Rules as published in the Gazette Extraordinary No. 2215/39 dated 18.02.2021 in respect of receipt of export proceeds into Sri...