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Wednesday May 12th, 2021
Business

Sri Lanka to borrow US$200m from ADB to upgrade rural roads

It is a tranche of a $900 million project.

5 minutes

Sri Lanka allows import of some agro-chemicals under license

The new rules apply to bills of lading and airway bills dated May 06 or after.

1 min read

Sri Lanka students seeking overseas education sees change in Covid-19

Over 21,000 students are based overseas on higher education each year,

3 min read

China looking at Sri Lanka to fill and finish Sinopharm Covid-19 vaccines

World Health Organization has approved the emergency use of Sinopharm vaccine

2 min read

Sri Lanka PM flags off Rs54bn Ruwanpura Expressway

The 54.7 billon contract was awarded to Sri Lanka-based Maga Construction.

Schools, universities, tutories to remain shut in Sri Lanka amid COVID-19 resurgance

"Students' health is priority at the moment," Peiris told reporters today.

Sri Lanka to bring forward GCE O/Level, A/Level exams to allow early university entrance

School students in Sri Lanka generally sit for GCE O/Ls and A/Ls at the ages 16 and 19 respectively.

Imesh Ranasinghe

2 min read

Sri Lanka to start trial production of RT-LAMP Coronavirus test kit: SLINTEC

Manufacturing of trial batches will commence soon, which will then be followed by commercial production

2 min read

Sri Lanka closes all schools amid pandemic resurgence

Sri Lanka to close down all schools, preschools and piriven (monastic schools) in the island till April 30

Chanka Jayasinghe

2 min read

Sri Lanka's UDA takes over Kolpetty market

40-storey building planned as PPP will give existing shop owners places in a new shopping mall

1 min read

Sri Lanka's Ocean Lanka develops new fabric dying technology

Process slashes water use by over 60 percent, cuts energy use by 20 percent and is 30 percent faster

2 min read

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-...

1 min read

Sri Lanka's Prime Lands Residencies to raise up to Rs2bn in IPO

Colombo Stock Exchange said it had approved an initial public offer by Sri Lanka's Prime Land Residencies Limited, a pro...

1 min read

Sri Lanka to ban chemical fertilizer imports in 'near future'

Sri Lanka will ban the import of chemical fertilizer in the 'near future' as pollution of waterways and suspected kidney...

2 min read

Sri Lanka to set up state-run Youth Start up fund, loan guarantee fund: Namal

Sri Lanka will set up a state-run Youth Startup Fund and a Guarantee Fund to help young entrepreneurs get capital, Minis...

Imesh Ranasinghe

2 min read

Sri Lanka aflatoxin fears rise as money printing trigger maize speculation

Sri Lanka's maize prices have soared and fears of aflatoxin in poultry feed are growing as businesses newly displaced by...

3 min read

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US Dollar 199.5695 199.5817
UK Pound 281.7522 281.8593
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Aus Dollar 155.9436 156.4721
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3-m bill 5.07 5.04
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today yesterday
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Sri Lanka plantations call for priority worker vaccinations

Sri Lanka's commercial plantations producing tea and rubber has called for fast-track vaccination of their workers on wh...

2 min read

Sri Lanka chicken prices spike, day-old-chicks soar to new heights

Sri Lanka's fresh chicken prices have soared as a combination of state controls and Coronavirus impact hit the sector, w...

3 min read

India travel trade and media in Sri Lanka tour ahead of indo-Lanka travel bubble

A delegation of tour operators and journalists from India have completed a familiarization tour of Sri Lanka ahead of a ...

2 min read

Sri Lanka's Cinnamon Life completes residential tower, 30-floor office block

Sri Lanka's Cinnamon Life had completed construction of one residential tower with 196 apartments and an 30-floor office...

2 min read

Sri Lanka manufacturing, services expands in March 2021: PMI

Sri Lanka's manufacturing Purchasing Managers Index reached a 9-month high as activities continue to recover backed by p...

2 min read

Hemas Holdings 'AAA(lka)' rating confirmed by Fitch

Fitch Ratings has confirmed at 'AAA(lka)' domestic rating of Sri Lanka's Hemas Holdings Plc, with a stable outlook based...

8 min read

Sri Lanka's China-backed Port City to bring in US$5bn in land sales

The passage of Colombo Port City Commission new law governing a reclaimed extension to the capital's central business di...

Chanka Jayasinghe

4 min read

Sri Lanka food, shampoo firms hit by midnight 'regime uncertainty' as palm oil banned

Sri Lanka firms producing a range of foods and personal care items would be hit by a palm oil ban, in addition to public...

2 min read

Sri Lanka Colombo Port City featured in on Veemansa forum

Sri Lanka's Colombo Port City will be featured on an online forum where Secretary to the President P B Jayasundera will ...

1 min read

Sri Lanka plantations with oil palm plunge after uprooting directive

Sri Lanka's plantations stocks plunged after President Gotabaya Rajapaksa said they would be required to uproot oil palm...

2 min read

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