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Friday June 2nd, 2023
Business

Sri Lanka to offer land for investors to build industrial zones

Foreign investors are again showing interest in the country as stability returns

May 28, 2023 2 min read

Damith Pallewatte to be next CEO of Sri Lanka's Hatton National Bank

He will succeed Jonathan Alles, who is retiring from August 23,2024

May 28, 2023 1 min read

Sri Lanka gets go ahead for water villa development: Minister

Islets off Kalpitiya approved

May 28, 2023 1 min read

Sri Lanka apparel factories running below capacity, 20-pct drop in orders

Sometimes they have to stop a production line, or operate below capacity

May 28, 2023 3 min read

Sri Lanka to allow more farmers to use firearms against wild animal attacks

Licenses for firearms for crop protection activities can be obtained from the District Secretariats, Minister Tennakoon.

Neshella Perera
May 19, 2023 2 min read

Gandhi: The social logic of Ahimsa

From his axiom of ahimsa (non-violence), Gandhi derives two promising themes...

Mark Hager
May 18, 2023 28 min read
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Sri Lanka's Teejay Lanka net down 82-pct in March 2023 quarter

Finance costs up

May 18, 2023 1 min read

Singapore based GoodHope's announce Sri Lanka delisting

A circular to the shareholders with full details of the proposed delisting will be issued shortly

May 17, 2023 1 min read

USAID, Ceylon Biscuits to transfer know-how to 12,000 Sri Lanka farmers

The 'climate-smart agriculture' initiative to improve productivity of five priority crops

May 16, 2023 2 min read

Sri Lanka state agency to develop Singapore designed Western province plan

Officials also discussed the release of land and land acquisition for the implementation of development works.

May 15, 2023 2 min read

Sri Lanka layer chick demand picks up in broiler glut

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May 15, 2023 2 min read

Sri Lanka high, mid and low grown tea prices ease at weekly auction

Sri Lanka’s Ceylon tea prices continued to fell 50-150 rupees per kilogram at an auction on May 10

May 14, 2023 2 min read

Sri Lanka sees sluggish tourist arrivals in May as off season starts 

Tourist arrivals are up 27 percent in the first four months.

Melkishiya Andrew
May 13, 2023 2 min read
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Sri Lanka's DFCC Bank net profit up in March 2023 quarter

Sri Lanka’s DFCC Bank has reported profits of 2.1 billion rupees for the March 2023 quarter

May 12, 2023 2 min read
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US Dollar 283.8763 290.6745
UK Pound 352.3039 358.1710
Euro 302.2424 309.9647
Aus Dollar 183.5776 188.4064
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Source: Central Bank/Indicative
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3-m bill 24.64 24.60
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12-m bill 22.37 22.36
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Source: Central Bank/Indicative
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Overnight Money 14.00 16.50
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Source: Central Bank/Indicative

Sri Lanka hopes to wrap up Thailand FTA by early 2024

The Free trade agreement hopes to increase exports to the Asian nation, Cabinet Spokesman Bandula Gunawardana said.

May 10, 2023 1 min read

Sri Lanka coconut auction prices down 7.6-pct

The auction offered 1,286,099 coconuts and 969,609 nuts were sold.

May 10, 2023 1 min read

Sri Lanka power minister submits parliamentary motion to oust PUCSL chairman

The minister's report was presented in terms of Clause 7 of the Public Utilities Commission Act.

Neshella Perera
May 9, 2023 1 min read

Sri Lanka awards CFM engine repair deal to Lufthansa Technik

Sri Lanka's cabinet has approved the award of a contract to repair engines of Srilankan Airliness' aircraft to Lufthansa

May 9, 2023 1 min read

Sri Lanka considers name change for politically-mired Chinese-built ‘Lotus Tower’- Official

Sri Lanka President Ranil Wickremesinghe is considering changing the name of the Chinese-built Lotus Tower.

Neshella Perera
May 9, 2023 3 min read

Buwanekabahu Perera appointed CEO of Ceylon Chamber of Commerce

Buwanekabahu Perera has been appointed as the Chief Executive and Secretary General of the Ceylon Chamber of Commerce

May 8, 2023 1 min read

Sri Lanka Ceylon Tea prices down as rupee appreciates further

Sri Lanka’s Ceylon tea prices fell 50-150 rupees per kilogram at an auction on May 3

May 7, 2023 2 min read

Sri Lanka’s premier cancer hospital in new crisis

The hospital urgently needs a radioisotope used in PET scans

May 5, 2023 2 min read
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Sri Lanka Fitch confirms Sunshine Holdings at ‘A(lka)’

Fitch Ratings said it has confirmed the National Long-Term Rating of Sri Lankan Sunshine Holdings at ‘AA+(lka)’

May 4, 2023 6 min read

Sri Lanka expects cricket book to promote sports tourism

A book on Sri Lanka's cricket history by UK-based author Nicholas Brookes will help promote the island's status.

Melkishiya Andrew
May 4, 2023 2 min read