Features

Prime Minister Ranil Wickremesinghe unveils the Automotive Assembly Plant by Mahindra and Mahindra Lanka. Mahindra and Mahindra, CIO Arvind Mathew, Mahindra Ideal Lanka Ltd, Managing Director Nalin Welgama and Ideal Group Deputy Chairman Aravinda de Silva were also present. Picture by Saliya…

According to the Sri Lanka Purchasing Managers' Index (PMI) released by the Statistics Department of Central Bank on Thursday, both manufacturing and services sectors expanded last month further recovering after the April 21 terrorist attacks. Manufacturing activities expanded further at a higher…

The Asian Development Bank (ADB) has approved a $160 million loan to modernize the operations and improve the efficiency of Sri Lanka Railways, the country's railway operator, by upgrading its infrastructure and technical capacity. This is ADB's first loan for Sri Lanka's railway sector, the bank…

The Sri Lanka eyes to double tea exports to over US $ 3 billion while increasing tea exports to 350 million kilos by 2030. The Colombo Tea Traders’ Association (CTTA) last Friday held a workshop to develop a road map for the Lankan tea industry by setting several targets to be achieved by 2030.…

NDB has committed four decades of customized financial expertise to Small and Medium scale businesses, throughout the years, providing a range of dedicated financial solutions to empower the SME sector. Taking into consideration the importance of SME’s to the national economy, NDB also strengthened…

The Ministry of Finance says that although the Central Bank has reduced the rates for deposits maintained in commercial banks, the special interest rate of 15% offered by the Government for senior citizens’ savings accounts has not been changed.“There is no truth in the media reports published by…

The Ministry of Finance has received reports that several organized groups of fraudsters have exploited the letterhead of the Ministry to send letters to loan applicants and institutions who have applied for loans under the Government’s Enterprise Sri Lanka saying that their loans have…

World Bank's Senior Regional Managers meet in Colombo to show solidarity World Bank Vice President for South Asia Region, Hartwig Schafer said that the World Bank will increase assistance to Sri Lanka under three of its new operations. They include assisting the agriculture sector faced with…

Foreign Secretary Ravinatha Aryasinha conveyed Sri Lanka’s appreciation for the support and solidarity extended by the Commonwealth(CW) membership and the Secretary-General in the aftermath of the Easter Sunday tragedy and called for greater focus in countering violent extremism within the…

Sri Lanka will not be able to achieve its potential growth rate Without export transformation, Exports are the only way to reach 6% -7% GDP growth, says Central Bank Governor Dr. Indrajith Coomaraswamy. Increasing revenue through exports is the only way out from the debt position the country is…