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Economy grows by 4.5%, year-on-year, in 4Q

Sri Lanka, March 27 -- "The banks are taking a very long time in this regard and this is not acceptable." He also said that banks have been told to start 'business recovery units' to assist enterprise... Read More


Special committee to review CBSL salary hike

Sri Lanka, March 27 -- The Ministry of Finance next week will appoint a special committee to review the recently proposed salary hike for the Central Bank Employees. Due to pressure from various secti... Read More


CIC Seeds launches 5 new hybrid vegetable seeds

Sri Lanka, March 26 -- For the first time a private seed corporate company in Sri Lanka, CIC Seeds (Pvt) Ltd, after intensive research with an American company has developed and launched 5 new varieti... Read More


"Preference towards importing 'electric vehicles' after lifting ban"

Sri Lanka, March 22 -- Sri Lanka will give preference towards importing more 'electric vehicles'as and when the import ban of motor vehicles is removed, said Minister of Power and Energy, Kanchanan Wi... Read More


IMF-Govt REACH STAFF LEVEL AGREEMENT

Sri Lanka, March 22 -- The International Monetary Fund (IMF) Sri Lanka and yesterday announced that they have reached a staff-level agreement on economic policies to conclude the second review of the ... Read More


365 Future Energy, Brisbane to invest US$ 80 Mn in Lanka's first solar energy back up park

Sri Lanka, March 21 -- Austrian based company, 365 Future Energy, Brisbane is looking at reinvesting around USD 80 million to put up Sri Lanka's first solar energy park with a back up storage facility... Read More


World's first anti moth pest repellent bulb launched

Sri Lanka, March 20 -- For the first time in the world, an 'anti moth pest repellent bulb' for the Agro and Industrial Sector has been introduced by TOS Lanka Co. Ltd, a joint Sri Lanka and Japanese c... Read More


Lanka should try to increase regional air connectivity to promote tourism

Sri Lanka, March 20 -- Sri Lanka should try to increase regional air connectivity which in turn will up the aviation businesses as well as promote tourism, said European Safety Agency (EASA) EU- South... Read More


Morison to export pharma drugs

Sri Lanka, March 17 -- Morison (formerly known as J.L. Morison Son & Jones (Ceylon) PLC) will in two years time begin to reverse the mega drain of foreign exchange to purchase pharmaceutical drugs, by... Read More


Carbon credit exchange company to be set up in Sri Lanka

Sri Lanka, March 17 -- South Korean company Kiuda has formed a joint venture with Sri Lankan Tech Startup Xeptagon for a carbon exchange to link local companies with global players making a historic c... Read More