Sri Lanka’s 2011 tea production records 328.3 million kilograms Sri Lanka’s tea production during the year 2011...
Treasury bill auction Sri Lanka’s weekly treasury bill auction held today...
The daughter of the slain political leader Bharatha Lakshman Premachandra has joined the Sri Lanka Mahajana Party in a bid to start her political journey, said a local media report.
Hirunika Premachandra once a model earlier announced that she will enter politics to fill the shoes of her father, who was assassinated.
Premachandra was assassinated few months [...]
(News360.lk) Sri Lanka’s Chemcel Private Limited has made a soft opening of its newly built Carbozy Methyl Strach extrusion plant which will produce super absorbents which are being used as an input when manufacturing baby diapers.
Chairman of the Chemcel, Preethi Jayawardena speaking to news360.lk “We are going to produce super absorbents which will be used [...]
(News360.lk) Sri Lanka along with its latest rate hike also has imposed a ceiling on the disbursement of credit by Commercial banks during the year 2012 in a bid to keep a tab on the credit growth in the economy.
The directive request the Commercial banks to take steps to ensure that their overall credit growth [...]
(News360.lk) Sri Lanka has decided to increase its key policy rates by 50 basis points each, focusing on curtailing import related credit to help reduce the widening trade deficit and the current account deficit.
The Central Bank of Sri Lanka says this move will also help ensure that the inflation remains at mid-single digit levels in [...]
(News360.lk) The British owned Arcadia” cruise ship has arrived in Sri Lanka with 2100 tourists onboard.
The Cruise ship is currently being berthed at the Colombo Port and is expected to leave to Thailand, its next destination.
A statement issued by Sri Lanka Tourism says, the luxury carrier owned by the UK based Carnival PLC has tourists [...]
(News360.lk) Sri Lanka has decided to permit foreign owned companies registered under the market regulator as “margin providers” to lend credit to investors of the Colombo Stock Exchange.
Central Bank says this move will help develop the business of margin providing and also increase market activity by helping investors to have more access to finance.
Sri Lanka says, it will impose spot fines against drivers and passengers travelling in the front seat of the vehicles without wearing seat belts.
Cabinet of Ministers have given their consent to go ahead with the proposal by amending the motor traffic act.
As of now, the implementation of the fines for this offense is being carried [...]
Sri Lanka’s weekly tea auction has seen small leaf teas fetching low prices and the highly priced tippy varieties going unsold, as Iran, the main buyer of those teas is struggling to access foreign exchange.
“This could be attributed to Iran’s lack of access to foreign exchange and other sanction measures”, added John Keells tea brokers [...]
(News360.lk) Sri Lanka’s Small and Medium Scale Enterprises are using pawning as a preferred source of raising funds, specially the ones engaged in the areas of agriculture and fisheries sectors, says a new equity research report.
Bartleet Religare Securities, in its latest equity research report says, ease of availability, quick approval and the ability to obtain [...]
Sri Lankan President Mahinda Rajapaksa says the Island should cut down its annual milk powder import bill by increasing local fresh milk production.
According to Rajapaksa, Sri Lanka spends around US$ 400 million per annum to import milk powder to the country thus losing valuable foreign reserves.
He says, by cutting down on the import bill of [...]
President Rajapaksa inspecting the “Tyson bite”
Sri Lanka host “Ayubowan China”
An Indian teacher finds $9.8bn in his bank balance
Deepawali celebrations at the Temple Trees
Cruise ship “Costa Concordia” sinks
The navy saves “The Greyhound of the sea”
Emir of Qatar Sheikh Hamad Bin Khalifa Al Thani arrives in Sri Lanka