Srilankan revenue dropped after contact with phoenix

2018-07-03   |   Business

Details of anomalies in the contract SriLankan Airlines had entered into with Phoenix Rising Ventures (PRV) were exposed at the Presidential Commissio...

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Sri Lanka’s hotel sector fast reaching saturation point: veteran hotelier

2018-07-02   |   Business

The number of star class hotels in operation in Sri Lanka currently and that are to be built in the future will push Sri Lanka's hotel sector to reach...

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Claims made by Cabraal on GDP are distorted – Min. of Finance

2018-07-02   |   Business

The Ministry of Mass Media and Finance issuing a statement says that the claims made by the former governor of the Central Bank of Sri Lanka Ajith Niv...

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Sri Lanka’s April exports flat, car imports help widen trade gap

2018-06-29   |   Business

Sri Lanka’s trade deficit widened in April 2018 from a year ago as export earnings growth was flat while imports rose sharply driven by a big rise i...

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Sri Lanka preparing to host largest travel trade show

2018-06-25   |   Business

To attract Top 200 global tourism operators to the country   Sri Lanka Tourism Promotion Bureau (SLTPB) signs as the Official Partner of TTSL;...

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Importers appeal for swifter Customs law

2018-06-25   |   Business

Importers say effortto enact new Customs law not proceeding as fast as expected  Hope authorities will expedite process, promote paperless tra...

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Sujeewa urges incentive payments for Import & Export Dept.

2018-06-25   |   Business

Imports and Exports Controller General Damayanthi Karunarathna accepting her appointment from International Trade State Minister Sujeewa Senasinghe  ...

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SLPA posts Rs 13.2bn profit in 2017, becomes 13th best port

2018-06-25   |   Business

Sri Lanka Ports Authority (SLPA) during the corresponding period of 2017 had earned a record net profit of Rs. 13.2 billion and became the 13th best c...

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CPC re-enters local bitumen market

2018-06-21   |   Business

Recognising the rapid growth in the local construction industry and increased demand for bitumen, the Ceylon Petroleum Corporation (CPC) yesterday re-...

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Trump threatens tariffs on additional $200bn in Chinese imports

2018-06-20   |   Business

US President Donald Trump has threatened to levy a 10% tariff on $200bn (£151bn) of Chinese goods in a tit-for-tat trade row with Beijing. “China ...

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