Following the resignation of Susantha Ratnayake as the Chairman of Board of Investment (BOI), the government is currently considering whether to combine the Chairman and Director General positions into one role or continue with the current structure.

NewsIn.Asia: Now that the Gotabaya Rajapaksa government has finally decided to get India, Japan and the Sri Lanka Ports Authority (SLPA) to jointly develop the Eastern Container Terminal (ECT) in Colombo port, the details are being worked out with th

Fitch Ratings today downgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ’CCC’ from ‘B-‘ with ‘Negative’ outlook.

Bolt, the leading European transportation platform committed to make urban travel easier, quicker and more reliable yesterday announced its entry to the Sri Lankan market.

State-owned savings giant, National Savings Bank (NSB) recently raised yet another debt capital bond to raise Rs.5 billion, furthering its dominance.

Tokyo Cement Company (Lanka) PLC recently entered into an investment expansion agreement with the BOI, reflecting its appreciation towards the government’s farsighted decision to encourage the local manufacturing sector.

The Central Bank yesterday said one of its employees tested positive for COVID-19 on November 19.

The British High Commission in Colombo announced today that from 21 November, travellers from Sri Lanka would not be required to self-isolate on arrival in England, Wales and Northern Ireland.

Shandong Haohua Tire Co. Ltd, a leading Chinese tyre manufacturer, is slated to invest US $ 300 million to set up a tyre manufacturing plant in Hambantota to cater to the export market,

The European Union (EU) today expressed its displeasure in Sri Lanka continuing to impose restrictions on imports stating that trade is “not a one-way street”.

UK Prime Minister Boris Johnson yesterday appointed former Secretary of State for International Development, Anne-Marie Trevelyan MP, as the UK’s International Champion on Adaptation and Resilience for the COP26 Presidency.

The second phase development of the Bandaranaike International Airport (BIA) in Katunayake will kick off from 18 November with a funding of Rs.107 billion from Japan, making it the largest development project since 2014.

Sri Lanka’s export performance for the month of October witnessed a dip, primarily due to the adverse impacts of the second wave of the pandemic, both locally and globally.

Diversified conglomerate Ambeon Group announced the appointment of apparel industry veteran Ajith de Silva as the new chief of South Asia Textiles Limited.

Thousand five hundred drivers and riders form the cream of PickMe’s network will be deployed to handle the initial round of essentials delivery to selected isolated locations in the Western Province.

The Central Bank today said the six-month grace period extended for 4 percent working capital loan scheme would be extended to nine months given that most borrowers have experienced difficulties in revamping their businesses as expected due to the se

Sri Lanka Economic Summit (SLES) 2020, organised by the Ceylon Chamber of Commerce (CCC), will be hosted as a virtual event for the first time, due to the ongoing global health crisis.

Damro, South Asia’s largest furniture manufacturer, has planned to set up 25 mega showrooms within next six months, further strengthening its showroom network in India.

Export promotions are set to continue despite the ongoing pandemic as the Export Development Board (EDB) has embarked on a number of initiatives to shift the effort online.

Apparel manufacturer MAS Holdings announced that its Bodyline plant in Horana is closed, following the identification of a COVID-19 outbreak in the facility.

The Export Development Board (EDB) said efforts are being taken to ensure that the operations of export industries located in the Western province continue without interruption.

In a special statement State Minister of Money & Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal reiterated Sri Lanka’s ability to service its debt obligations.

The Board of Investment (BOI) of Sri Lanka will facilitate the BOI enterprises within and outside BOI zones to operate without interruption in the quarantine curfew-imposed areas.

The Colombo Stock Exchange (CSE) said all stock market operations would continue tomorrow and onwards despite the extension of the police curfew.

The Export Development Board (EDB) said it was taking necessary measures to ensure that the operations of export industries remain uninterrupted during the curfew period in the country.

In a special message, Sri Lanka Ports Authority (SLPA) Chairman General Daya Ratnayake said a Colombo Port Operations are continuing without any hindrance.

Sri Lanka’s government bonds fell heavily on Wednesday as the United States ratcheted up pressure on the country’s government over its ties with China.

Hatton National Bank PLC (HNB) today announced a landmark agreement with PROPARCO, the private sector funding arm of the French development bank, Agence Française de Développement (AFD), to secure US$ 60 million in funding.