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Sri Lanka plans to resume international flight operations after Christmas

Sri Lanka plans to resume international flight operations from the 26th of December allowing commercial and cargo flights to operate to Island Nation without a restricted schedule, the Civil Aviation…

Sri Lanka’s trade deficit declines in October

Sri Lanka’s trade deficit declined by $320 million to $514 million in October compared to the preceding month, the Central Bank (CB) data showed. The $ 514 million trade deficit…

No Final Decision yet on Airport re-opening in January

The government hasn’t made a final decision yet on opening up Sri Lanka’s borders for foreign travelers in January next year, Sri Lanka Tourism, Chairperson, Kimarli Fernando said. Taking part…

Blackstone acquires Piramal Glass for $1 billion

The World’s largest alternative equity firm, Blackstone Group Inc,   has signed an agreement to acquire Piramal Group’s Piramal Glass including its unit in Sri Lanka for an estimated $1…

United States kick-off $20M Project to Support Small Businesses and empower Female Participation in Sri Lanka’s Labor Force

The United States launched a new Rs3.6 billion ($ 19.5  million) initiative to help small businesses and economically empower Sri Lankan women. The Private Sector Development Project, which is funded through…

Sanjaya Mohottala assumes duties as the Head of BOI

Sanjaya Mohottala assumed duties today as the 21st Chairman of the Board of Investment (BOI), the apex Investment Promotion Agency of Sri Lanka after Susantha Ratnayake stepped down from the position…

Sri Lanka shares bulldozed pass the 6,500 mark after 2 years

Sri Lankan shares bulldozed pass the 6,500 mark after 2 years & 7 months while recording the highest intraday gain nearly after a month,  riding on gains in financial and…

Sri Lanka eyes to open borders next month targeting long-term travelers

Sri Lanka’s government eyes to re-open the country for foreign travelers from next month with a proposal to issue six-month visas for tourists instead of the current one-month visas targeting…

Ceylon Graphite commences trading on the OTCQB Venture Market

Vancouver- based Ceylon Graphite Corp. announces that its common shares have been approved for trading on the OTCQB Venture Market in the United States from 3rd of December this year. Ceylon…

Sri Lanka’s President Calls Private Sector to make bold investment decisions

Sri Lanka’s President Gotabaya Rajapaksa called the country’s private sector to make bold investments moving away from conservative and low-risk strategies to live up to its reputation as the engine…