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No reversal on vehicle import liberalisation, assures President Dissanayake

Sri Lanka, March 12 -- President Anura Kumara Dissanayake reaffirmed that the government would not reintroduce import controls on vehicles, noting that US$ 150 million worth of Letters of Credit (LCs)... Read More


Portfolio investors bullish on SL, but FDI requires long-term stability: StanChart

Sri Lanka, March 12 -- Standard Chartered Bank yesterday expressed optimism about Sri Lanka's economic outlook, highlighting renewed confidence among portfolio investors. While acknowledging that fo... Read More


Govt. to fast-track long-delayed IP amendments for Madrid Protocol accession

Srilanka, Feb. 6 -- The government has decided to present the long-delayed amendments to Intellectual Property Act No. 36 of 2003, to access the protocol relating to the Madrid Agreement that is admin... Read More


Colombo West International Terminal on schedule to commence operations next month

Srilanka, Jan. 25 -- The Colombo West International Terminal (CWIT) is scheduled to commence operations next month, with a 1.6 million 20-foot equivalent unit (TEU) capacity, while the Sri Lanka Ports... Read More


Colombo West International Terminal on schedule to commence operations next month

Srilanka, Jan. 25 -- The Colombo West International Terminal (CWIT) is scheduled to commence operations next month, with a 1.6 million 20-foot equivalent unit (TEU) capacity, while the Sri Lanka Ports... Read More


Ferentino Tyre targets US$ 300mn export revenue with US$ 250mn phase 2 investment

Srilanka, Jan. 10 -- Sri Lanka's largest tyre manufacturer, Ferentino Tyre, announced plans to significantly expand its operations with a US$ 250-300 million investment in the second phase of its plan... Read More


Central Bank to lower interest rates for MSMEs

Srilanka, Jan. 9 -- The Central Bank yesterday announced plans to reduce the high interest rates on the credit facilities extended to the micro, small and medium-sized enterprises (MSMEs), in close co... Read More