Germany is extremely satisfied with the human rights situation and the high level of governance in Sri Lanka. It is positive of getting the GSP Plus back following the high powered...

Over hundred Korean businessmen including some corporate giants have expressed business interests and trading or investment interests with Sri Lanka during the last...

A brand index ranking prepared by Brand Finance has rated Sunlight, in the Homecare category, the top Lankan brand narrowly ahead of Rupavahini (Media) and Panadol...

Haruhiko Kuroda, President, Asian Development Bank (ADB) last week expressed optimism that Sri Lanka will develop with an expected growth of 6% for 2010, a positive...

National Savings Bank shows remarkable first quarter performance by recording a pre-tax profit of Rs 2. bn, a growth of 87 percent compared to the corresponding...

Touchwood Investments will go for a rights issue to raise Rs 532 million. The capital raised will be invested on increasing the asset base and buffer stocks in the future. The...

Credit to the private sector grew by 0.1 percent in March after recording declining growth since April last year but credit to the government grew by almost 48 percent and if Sri Lanka is to double its per capita income by 2014,....

The Board of Investment of Sri Lanka granted investment approval to Jiffy Products S. L (JPSL) to expand operations under the BOI. Mr. Jayamapathi Bandaranayake, Chairman / Director General signed the agreement on behalf....

Oil prices rose to near $70 a barrel yesterday in Asia as a drop in US gasoline supplies and rebounding Asian stock markets bolstered confidence that demand for fuel is rising. Benchmark crude for July delivery was up $1.13 to....

The Sri Lankan government expects the income from tourism sector to be doubled in the next five years, Deputy Minister of Economic Development Lakshman Yapa...

External Affairs Minister G L Peiris said Sri Lanka could still avoid the withdrawal of European Union trade concessions following two rounds of talks with Brussels. The...

Sri Lanka’s overall trade with India is growing closer to six fold and exports from Sri Lanka are growing ten fold. The increased diversity with greater value addition in...

The International Monetary Fund (IMF) yesterday asserted that its focus was currently on Budget 2010, insisting that the transfer of the third tranche would depend as much on this as on the evaluation report that it would....

Freak rains last week were dreadful to the country. The business community was not spared by the inclement weather which resulted in a colossal loss of money. Production...

Following the appointment of the new Cabinet of Ministers the government has decided to appoint top bussiness personalities to head the State run entities most of which...

Sri Lankan mobile phone market has immense potential for growth and there is a huge untapped telecom consumer segment in the local market. Micromax Informatics Limited Business...

Prime Minister Jayaratne’s call for a national approach to solve national problems has been a demand which many citizens have made over the years; this call by the PM could...

The Lanka Orix Leasing Company Group (LOLC) last week made its maiden entry into the leisure sector with an investment topping a billion rupees to take control of the Confifi...

The government struggling to find employment for ex-LTTE combatants has been relieved by Desamanya Kumar Devapura, Chairman of Tri-Star Apparel Exporters (Pvt) Limited...

There was a significant growth in the total tea production from January to April 2010. During the period January to April 2010 ,total tea production amounted to 102,329,444kg...

The Asian Development Bank (ADB) has urged Sri Lanka to move towards rapid reconstruction of the war devastated areas in the North and East in order for normalcy to...

National Savings Bank shows remarkable first quarter performance by recording a pre-tax profit of Rs 2. bn, a growth of 87 percent compared to the corresponding quarter of 2009. Commenting on the performance, NSB’s....

Central Bank said yesterday Sri Lanka's external sector improved further in March 2010 continuing the positive developments observed since December 2009. Earnings from exports grew by 4.8 per cent in March 2010 to US....

The Central bank said six new bank branches will be opened in the Northern Province on June 7, to facilitate economic activities in the area. "In this regard, People’s Bank is due to open three new branches in Kilinochchi,....

Power and Energy Minister Patali Champika Ranawaka on Monday said public often criticize the Ceylon Electricity Board(CEB) when the street lights were on during odd hours...

The Hoteliers’ Association said Colombo city hotels will reserve 400 rooms for four nights free to guests coming for the International Indian Film Academy (IIFA). Hoteliers’ Association...

The Board of Investment (BOI) is currently in discussions with several local firms concerning the interest to invest in diverse fields. Sri Lankan High Commissioner to Malaysia, Dr D. D. Ranasinghe, said the companies, which....

The International Monetary Fund (IMF) yesterday asserted that its focus was currently on Budget 2010, insisting that the transfer of the third tranche would depend as much on this as on the evaluation report that it would...

The torrential rains have left 450,000 homeless while the extent of the damage to loss of property is yet to be calculated as most places are yet unreachable said...

An IMF mission to Sri Lanka says it has seen the kind of budget the government intends to present to parliament in June and the team is happy with the fiscal measures the government hopes to introduce to contain high budget deficits....