Sri Lanka’s bonds hammered as U.S. dubs China “predator”
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. U.S. Secretary of State Mike Pompeo,…
Mike Pompeo arrives in Colombo as U.S seeks to balance China’s growing influence in the region
The United States (U.S.) Secretary of State, Mike Pompeo yesterday arrived in Sri Lanka for a two-day visit during which he would hold talks with the top Lankan leadership, as…
ICICI Bank exits Sri Lanka
India-based ICICI bank has shut down its offshore unit in Sri Lanka after securing approval from the country’s Central Bank (CB) last week. “The Monetary Board of the Central Bank…
Sri Lanka’s cement volumes to recover in FY2022
Sri Lanka’s total cement volumes is forecasted to recover in 2022 financial year after an anticipated dip in 2021 financial year due to COVID-19 induced economic crisis, according to First…
Dairy industry seeks clear access to land and water for forage crops
The All Island Dairy Association (AIDA) urges the government to remove restrictions on land and water utilization for forage crops to increase the quantity and quality of milk production. All…
Sri Lanka allows importation of special bamboo sticks for incense stick production with tax relief
Sri Lanka’s Cabinet of Ministers decided to allow importation of special bamboo sticks for incense stick production with tax relief citing shortages in sourcing these bamboo sticks locally. The proposal…
The government to call proposals to build a multi-storied car park in Otter Club premises
The government has decided to build multi-storied car parks with housing and office units in the recently acquired Otter Aquatic Club premises and three other locations in Colombo City, the…
Ceylon tea prices to sustain at current levels over the short-to-medium term – Asia Siyaka Commodities
A leading tea broker expects prices of Ceylon tea to sustain at current levels over the short-to-medium term betting on a continuous demand while the prices normalizes with supply constraints…
Hutch is among the world’s top 30 “most improved” mobile operators
Sri Lanka’s Hutchison Telecommunications (Hutch) among the world’s top 30 “most improved” mobile operators in terms of Upload Speed Experience and fourth generation (4G) availability, according to a report by…
Axiata Digital Labs to support National ICT Awards 2020 as the Exclusive Innovation Partner
Axiata Digital Labs announced today that they have signed a partnership with the local chapter of the UK based Chartered Institute for IT professionals BCS Sri Lanka, to sponsor National…