Big gains for Sri Lanka from faster trade transport times: ADB

2018-06-19   |   Business

South Asian countries like Sri Lanka could make significant economic gains by improving international transport times, according to a new study by the...

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Tourism targets US$ 4 bn revenue

2018-06-12   |   Business

Sri Lanka to attract 2.5 mn arrivals for 2018 Sri Lanka Tourism is aiming for all time record revenue of US$ 4 billion from the industry for 201...

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CB Chief cracks whip to discipline forex market

2018-06-12   |   Business

Central Bank Governor Dr. Indrajit Coomaraswamy yesterday gave assurances of a well-managed rupee, insisting the monetary authority would block unwarr...

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SL's non-financial assets at Rs.814B

2018-06-11   |   Business

The Ministry of Finance says the total worth of nonmonetary assets in the government amounts to 814 billion rupees. Issuing a statement the Finance...

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New regulations for microfinance: Mangala

2018-06-08   |   Business

New regulations to be published on 22 June Govt. to absorb interest of microfinance loans below Rs. 150, 000 as relief measure  Minister slam...

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‘More Qatar investors eye Sri Lanka’

2018-06-08   |   Business

Doha Bank Group opens Colombo office. Sri Lanka’s economy is stable and many investor’s are keen on starting businesses in Sri Lanka, Doha Bank ...

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Monetary Law to be amended to suit inflation targeting

2018-06-03   |   Business

Amendments to the Monetary Law Act (MLA) is to be present to Parliament next year to suit the Flexible Inflation Targeting (FIT) frame-work with the a...

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SL seeks $500 mn apparel trade deal with India

2018-06-03   |   Business

Sri Lanka is hoping to convince India to remove the existing quota system for the apparel industry and instead requesting a US$500 million worth trade...

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Lankan banks sit on Rs.19bn capital hole as sector braces for BASEL III

2018-05-31   |   Business

The Sri Lankan banks satisfy many of the key matrices such as growth, profits, efficiency and asset quality against most regional peers but the sect...

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HNB Assurance Group delivers notable financial results for Q1 2018; PAT up

2018-05-29   |   Business

HNB Assurance Group delivered a notable financial performance, reporting a Profit After Tax (PAT) of LKR 699 MN for Q1 2018 reflecting a steady growth...

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