US President Donald Trump has instructed officials to consider a further $100bn (£71.3bn) of tariffs against China, in an escalation of a tense trade stand-off. These would be in addition to the $50bn worth of US tariffs already proposed on hundreds of Chinese imports. The proposal comes after China retaliated to...
 The Government of Sri Lanka approved loans to develop both the Kankesanthurai (KKS) Harbour and the northern section of the Colombo Port. For the reconstruction of the KKS harbour, a credit line agreement between the Export-Import Bank of India and the Sri Lankan Government was signed. Accordingly, a $ 45.17 million...
© Reuters. Sri Lanka stocks higher at close of trade; CSE All-Share up 0.47% Investing.com – Sri Lanka stocks were higher after the close on Thursday, as gains in the , and sectors led shares higher. At the close in Colombo, the rose 0.47%. The best performers of the session on the...
National Carrier, SriLankan Airlines has incurred a loss of $ 100 million during the financial year ended in 31st of March 2018. This was disclosed during a media conference convened by the newly appointed Director Board in Colombo today (Apr. 05). Here, Chairman Ranjith Fernando said that the Director Board has...
Nine years after the end of the war, Sri Lanka is still working to address residual traces of conflict that linger in varying forms across the island, and concentrated in the Northern and Eastern provinces. These range from the intangible, in terms of persistent human rights issues that have gone...
The Asian Development Bank’s (ADB) Board of Directors has approved a $100 million results-based loan as additional financing for the Government of Sri Lanka’s efforts to develop skills to meet labor demands, support economic diversification, and enhance productivity in the country. “Sri Lanka has achieved universal primary and high secondary...
COLOMBO: Towards the end of 2019, automobile loving Sri Lankans will see something they have been longing to see – a locally manufactured “Sri Lankan” car vying for road space with international brands. Sri Lanka’s Ideal Motors has teamed up with India’s automobile behemoth the US$ 19 billion Mahindra and...
The LB Big Wheels Motor Show, a one-of-a-kind motor show that focuses on providing only superior quality vehicles from the world’s leading automotive manufacturers, is set to take place on 18th, 19th and 20th of May 2018 from 10am to 10pm at the Nelum Pokuna – Colombo 7. The inaugural...
After repeated delays in the past years, Sri Lanka will finally roll out the first phase of a multi-year, US$45 million campaign later this month. Managing director of the state-run Sri Lanka Tourism Promotion Bureau (SLTPB), Sutheash Balasubramaniam, said a US$650,000 campaign will roll out on CNN platforms by end...
COLOMBO: Towards the end of 2019, automobile loving Sri Lankans will see something they have been longing to see – a locally manufactured “Sri Lankan” car vying for road space with international brands. Sri Lanka’s Ideal Motors has teamed up with India’s automobile behemoth the US$ 19 billion Mahindra and...
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