* Prime Minister emphasizes the need for an export based economy Tue, Aug 20, 2019, 11:56 pm SL Time, ColomboPage News Desk, Sri Lanka. Aug 20, Colombo: Sri Lanka Prime Minister Ranil Wickremesinghe today emphasized the need for an export based economy to empower the country and bring about a high living standard.The Premier, speaking at the inauguration ceremony of the … [Read more...] about Prime Minister emphasizes the need for an export based economy
sri lanka
Sri Lanka June trade gap narrows as imports fall sharply
ECONOMYNEXT – Sri Lanka’s trade deficit narrowed to 316 million US dollars in June 2019 from a year ago, the lowest since October 2010, as imports fell sharply while export earnings grew, the central bank said.Export earnings grew 5.8 percent in June 2019 from the previous year to 1,084 million dollars, the 28th consecutive monthly rise, mainly supported by an increase in … [Read more...] about Sri Lanka June trade gap narrows as imports fall sharply
Sri Lanka stocks open higher on banking and finance
ECONOMYNEXT - Sri Lanka’s stocks opened 0.46 percent higher on Tuesday with banking and finance stock pushing the market up. In equities, Colombo's All Share Price Index (ASPI) was up 27.05 points to 5,896.12. The S&P SL20 index of more liquid stocks gained 0.76 percent or 21.34 points to 2,917.48 in the first hour of trade. Market turnover was 89 million rupees … [Read more...] about Sri Lanka stocks open higher on banking and finance
Will not allow the country’s economy to collapse, PM vows
* Will not allow the country's economy to collapse, PM vows Sat, Aug 17, 2019, 08:11 pm SL Time, ColomboPage News Desk, Sri Lanka. Aug 17, Colombo: Sri Lanka's Prime Minister Ranil Wickremesinghe Saturday said he would not allow the country's economy to collapse just as he did not allow politics to collapse.Speaking at the inauguration of vehicle assembly plant of Mahendra … [Read more...] about Will not allow the country’s economy to collapse, PM vows
Mahindra inaugurates first automotive assembly plant in Sri Lanka, Business & Economy News
Mahindra & Mahindra Ltd on Saturday expanded its global footprint with the inauguration of a local automotive assembly plant at Welipenna near Colombo in Sri Lanka.Christened Mahindra Ideal Lanka Pvt Ltd, the assembly plant has been set up in collaboration with Ideal Motors of Sri Lanka.The plant spread across 10 acres rolled out its first product, the compact sport … [Read more...] about Mahindra inaugurates first automotive assembly plant in Sri Lanka, Business & Economy News
Sri Lanka begins building Light Rail system
ECONOMYNEXT- Sri Lanka's first Light Rail Transit (LRT) system which runs a 16 kilometre stretch from the suburb Malabe to the commercial capital Colombo has begun construction, the government said. "We have now begun the first stage of the Malabe-Colombo Light Rail Transit system," the Megapolis and Western Development Ministry said in a statement. "According to the … [Read more...] about Sri Lanka begins building Light Rail system
Qualified audit opinion on Sri Lanka airport operator over Mattala
ECONOMYNEXT – Sri Lanka’s auditor general has issued a qualified opinion on the annual accounts of Aviation Services (Sri Lanka) Limited (AASL), which runs civil airports, over continued losses at the southern Mattala airport. There had been a downturn in the operations of Mattala Rajapaksha International Airport (MRIA) from the time it opened, Auditor General W. P. C. … [Read more...] about Qualified audit opinion on Sri Lanka airport operator over Mattala
Sri Lanka offers free tourist visas to boost tourism
With the deadly Easter terror attacks still casting a shadow on its economy predominantly dependent on tourism, Sri Lanka on Wednesday showcased itself as a “safe destination” for international travellers by appealing them to continue to descend on the island nation in large numbers. Sri Lankan Tourism Promotion Board (STPB) flaunted the recent notification to issue free … [Read more...] about Sri Lanka offers free tourist visas to boost tourism
Pepper growers concerned over Sri Lanka’s move to ease exports
The domestic pepper growers have taken strong exception to the reported move by the Sri Lankan government to hold talks with India for relaxing the minimum import price (MIP) fixed for black pepper which has led to the decline in exports from the island nation.Currently, Sri Lankan pepper is allowed to be exported to India at zero duty for up to 2500 tonnes under the Indo-Sri … [Read more...] about Pepper growers concerned over Sri Lanka’s move to ease exports
Sajith Premadasa stakes claim for Sri Lanka UNP candidacy
ECONOMYNEXT - Deputy Leader of Sri Lanka's United National Party Sajith Premadasa stake his claim for candidacy at a rally in Badulla, backed by many of the members of the party."We want to bring forward the younger generation," Premadasa told a rally. "We have to sweep out old ideas and give the place to the youth."To develop as a nation, we have to give the first place to … [Read more...] about Sajith Premadasa stakes claim for Sri Lanka UNP candidacy
