Business

Sri Lanka is building a $15 billion metropolis meant to rival cities like Hong Kong and Dubai

Sri Lanka is using a $1.4 billion Chinese investment to start building a new metropolis. The full project, scheduled for…

7 years ago

Saudi Arabia pledges $300m in aid to Sri Lanka

The move comes as Saudi Arabia and Sri Lanka seek to improve bilateral ties. Sri Lanka has been actively seeking…

7 years ago

Penalty for cancelling Airbus deal accounts for 33% of UL losses

SriLankan Airlines has paid Rs. 18.8 billion as part of a penalty for the cancellation of the four Airbus A350-900…

7 years ago

2D Seismic Survey for oil and gas exploration begins

The Chinese-based Seismic Vessel BGP Pioneer has arrived at Colombo Port to conduct a Modern Broadband 2D seismic survey for…

7 years ago

Scrapping Airbus deal: Cabinet kept in the dark

The Cabinet of Ministers had not been informed of the decision to cancel four Airbus A350-900 leases in 2016, Secretary…

7 years ago

Crypto-currency a serious threat to CBSL: Former Deputy Governor

The proliferation of crypto-currencies poses a serious threat to the Central Bank of Sri Lanka (CBSL), warned former CBSL Deputy…

7 years ago

Near 40,000 Vacancies for ICT professionals

The Information and Communication Technology (ICT) and the ICT Enabled Services Industries have a shortfall of 40,000 skilled workers, Chairman…

7 years ago

Majority of hoteliers want Minimum Room Rate to stay

Emphatic ‘Yes’ vote by 23 of 25 star class hotels in the city during emergency meeting last week Colombo City Hotels…

7 years ago

11% decrease in alcohol sales due to recent Excise Duty

The recent Excise Duty on liquor bases on alcohol volume had resulted in 11% decreased sales of alcohol during the…

7 years ago

Billionaire Ashok Pathirage controlled Asiri Health to launch an MBBS degree Program

Sri Lanka’s Leverage King titled Billionaire Ashok Pathirage owned Softlogic Group’s Asiri Health will launch a MBBS degree Program in…

7 years ago