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Friday January 21st, 2022

Sri Lanka's E B Creasy & Co. buys wire maker for Rs433mn

COLOMBO (EconomyNext) - Sri Lanka's E B Creasy & Company said it has bought Lanka Special Steels Ltd. from Tata Steel Lt...

1 min read

Sri Lanka to get India Exim Bank 'Green Bond' funding

COLOMBO (EconomyNext) - India's Export-Import (Exim) Bank has raised 500 million US dollars in a five-year 'Green Bond' ...

1 min read

Sri Lankan stocks recover, JKH hits 52-week low

2 min read

Sri Lanka inflation slows to 0.1-pct in March 2015 - correction

COLOMBO (EconomyNext) - Sri Lanka's consumer prices rose 0.1 percent in the 12-months to March 2015 slowing from 0.6 per...

1 min read

Controversial director at Sri Lanka's Commercial Bank resigns

COLOMBO (EconomyNext) - Lakshman Hulugalle, a director of Commercial Bank appointed during the last regime in controvers...

1 min read

Sri Lanka energy utilities to raise US$2.5bn through bonds

COLOMBO (EconomyNext) - Sri Lanka's state-owned energy utilities are to issue 2.5 billion US dollars worth of bonds as p...

1 min read

Sri Lanka Chevron unit sees surge in exports

COLOMBO (EconomyNext) - Chevron Lubricants Lanka said a surge in exports, mainly to Bangladesh, last year helped compens...

1 min read

Sri Lanka's private bank unions warn against state attempts to appoint chairman

COLOMBO (EconomyNext) - Workers of Commercial Bank of Ceylon have expressed serious concern over an attempt by Sri Lanka...

2 min read

Sri Lanka says no deal to restart Chinese port project

COLOMBO, March 30, 2015 (AFP) - Sri Lanka has yet to resolve a dispute with China over a $1.4 billion development in Col...

1 min read

Sri Lankan stocks slump 1.3-pct

COLOMBO (EconomyNext) - Sri Lanka's stock market slide deepened Monday with the benchmark index slumping over one percen...

1 min read

Sri Lankan exporters offered help to enter Sweden

COLOMBO (EconomyNext) – Sweden has offered Sri Lankan exporters the use of its Open Trade Gate (OTGS), which acts...

1 min read

Sri Lanka sells Rs20bn in 10-year bonds

COLOMBO (EconomyNext) – Sri Lanka has sold 20 billion rupees in 10-year bonds at a weighted average yield of 10.0...

1 min read

Grateful Singapore gives Lee Kuan Yew a hero's funeral

SINGAPORE, March 29, 2015 (AFP) - More than 100,000 people lined Singapore's streets to bid farewell to its founding fat...

5 min read

Sri Lanka mulls offshore wind power plants

COLOMBO (EconomyNext) - Sri Lanka's new government wants to promote offshore wind power plants off the north-west coast ...

Rohan Gunasekera

1 min read

Sri Lanka pledges 'political solution' in war-torn north

COLOMBO, March 29, 2015 (AFP) - Sri Lanka's new Prime Minister Ranil Wickremesinghe has pleadged a "political solution" ...

2 min read

Haitian sentenced to pay more than $7,000 over plane seat row

NEW YORK, March 28, 2015 (AFP) - A Haitian man who forced a flight to be diverted after reacting angrily to a seat being...

1 min read

Sri Lanka says EU ban on Tamil Tigers denies access to funds

COLOMBO (EconomyNext) - A renewed European Union ban on Sri Lanka's Tamil Tiger separatists helps deny them access to fu...

2 min read

Sri Lanka's Bank of Ceylon December net down 43-percent

COLOMBO (EconomyNext) - Sri Lanka's Bank of Ceylon said December 2014 quarter net profit fell 43 percent to 3.1 billion ...

1 min read

Sri Lanka income inequality cause for concern: UN

COLOMBO (EconomyNext) - Sri Lanka's high level of income inequality is a cause for concern, according to a new United Na...

2 min read

Sri Lanka to re-examine statist, nationalist land laws that block investment

COLOMBO (EconomyNext) - Sri Lanka will re-examine land laws which prevent people from owning larger tracks of lands and ...

3 min read