Advertising SL Breaking News Disclaimer About Us Informing the Sri Lankan community globally since 1997 XML
21 Years

Latest Finance News .....
Updated around the clock
Last Updated = Fri, Oct 19, 2018, 07:58 pm SL Time

* Dialog first to launch Voice over WiFi calling in Sri Lanka

Oct 19 (CP) Colombo- Dialog Axiata PLC, Sri Lanka's premier connectivity provider, launched Voice over Wi-Fi (VoWiFi or WiFi Calling) service, that will enable users to make calls using a Wi-Fi network.
[Full Story]

* Sri Lankan rupee hits record low, stocks settle near 5-yr closing trough

Oct 19 (Reuters) COLOMBO- The Sri Lankan rupee fell to a record low of 171.80 per dollar on Friday as banks and importers bought the U.S. dollar, while stocks slid to a near five-year closing low in dull trade.
[Full Story]

* Tourism industry laments over additional taxes

Oct 19 (DN) Tourism industry representatives lament they have been asked to pay up to 1 percent municipal or Provincial Council tax depending on the location, in addition to high taxes they are already paying.
[Full Story]

* Sri Lankan government to limit expenditures at all ministries

Oct 18 (CP) Colombo- Amid the economic crisis resulting from the depreciation of rupee against the dollar and rising oil prices, the Sri Lankan government has decided to limit the expenditure of all ministries.
[Full Story]

* Sri Lanka Finance Minister reveals oil price formula

Oct 18 (CP) Colombo- Sri Lanka's Finance Minister Mangala Samaraweera today reveled the recently introduced fuel price formula calculation method to media following repeated calls to know the formula. At a press conference held in the Ministry of Finance today, the Minister explained that Maximum Retail Price of fuel is established as a sum of all the costs.
[Full Story]

* Sri Lanka to award contract to construct 100 MW wind power plant to Denmark's Vesta

Oct 18 (CP) Colombo- The government of Sri Lanka has received the cabinet approval to award a contract to construct a 100 MW wind power plant in Mannar island in the northwest with the financial assistance from the Asia Development Bank (ADB).
[Full Story]

* Sri Lankan rupee ends weaker near record low; stocks steady

Oct 18 (Reuters) COLOMBO- The Sri Lankan rupee ended weaker on Thursday, near its record low, as banks and importers bought the U.S. dollar, while stocks ended largely unchanged near a five-year closing low hit earlier in the week.
[Full Story]

* Cabinet nod to award US $ 2mn tourism brand identity building contract to JWT

Oct 18 (DM) The Cabinet of Ministers on Tuesday decided to award the US $ 2 million contract to develop a new brand identity and strategy for Sri Lanka tourism to J. Walter Thompson (JWT) within a period of six months, a top minister told Mirror Business.
[Full Story]

* Loan scheme for the installation of the rooftop solar power generation systems under the Solar Power Generation Project

Oct 19 (CP) Colombo- The government plans to launch a loan scheme to promote solar energy aiming at converting every housing unit as a solar unit under the 'Sooryabala Sangrama Program' of the government
[Full Story]

* 'Exporting companies to have access to development banking fundí

Oct 19 (Island) Prime Minister Ranil Wickramasinghe speaking at the 'Sri Lanka Retail Forum 2018'.on Wednesday said in extending the Enterprise Sri Lanka Programme, the government would 'hopefully' start a development banking fund
[Full Story]

* Despite request no hike in domestic LPG gas prices for now, Minister assures

Oct 18 (CP) Colombo- Sri Lanka will not allow any sudden hike in domestic LPG gas prices right away, even if the global crude rates continue to rise, Minister of Industry and Commerce Rishad Bathiudeen said.
[Full Story]

* French financial assistance to Sri Lanka to implement second Tranche of Green Power Development Program

Oct 18 (CP) Colombo- Sri Lanka has received the financial assistance of French Development Agency (AFD) to implement the second tranche of the green power development and energy efficiency improvement investment program.
[Full Story]

* BOI says Director General has not resigned

Oct 18 (CP) Colombo- The Board of Investment (BOI) of Sri Lanka says the Director General of the BOI, Mr Duminda Ariyasinghe has not tendered his resignation as some media reports have said.
[Full Story]

* STAX outlines a three-step approach to effective crisis leadership

Oct 18 (CP) Colombo- Poor leadership is costliest during a crisis. When two security officers forcibly removed a passenger off an overbooked United Airlines flight last April, viral video footage of the incident led to widespread outrage and prompted customers to call for a boycott.
[Full Story]

* 4.88mn. kilos of tea auctioned last week; lowest since March 2017

Oct 18 (Island) Last week 4.88 million kilos of tea were auctioned, reported Forbes & Walker Tea Brokers Ltd, the lowest on record since March 2017. These results were not surprising, trade sources commented, because of the low crops recorded in the Western Districts, influenced by extreme monsoon conditions.
[Full Story]

24 / 7 Update
Send your Feedback
Copyright (c) 1997,2018 by (LLC)