Sri Lankan exporters braced for hard times as the EU’s withdrawal of import concessions took effect Sunday after Colombo’s refusal to allow scrutiny of its human rights record.
Sri Lanka has long been a preferred source for top high streets brands and its garment, china and other exports enjoyed lower European Union [...]
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10 percent upward and downward stock price band imposed by Sri Lanka’s markets regulator has made it difficult for some investors to settle their dues to brokering firms on time, a senior regulator said.
“I think the brokers have to take full responsibility for the situation because we find that people [...]
Today there is a horrific derivatives bubble that threatens to destroy not only the U.S. economy but the entire world financial system as well, but unfortunately the vast majority of people do not understand it. When you say the word “derivatives” to most Americans, they have no idea what you are [...]
The European Union is suspending preferential treatment for Sri Lankan imports because it says the government has not committed to resolving human rights complaints.
Sri Lankan imports to Europe will lose “GSP-plus” treatment beginning Aug. 15, which means higher tariffs will apply to imports worth about €1.24 billion, or $1.56 billion, [...]
India has agreed to extend a credit of $1 billion for funding Sri Lanka’s infrastructure projects, mainly in the former civil war zones in the north and east of the country, according to the island nation’s treasury secretary.
Prime Minister, Dr Manmohan Singh with the President of Sri Lanka, Mr. Mahinda Rajapaksa [...]
Sri Lanka is on the verge of buying back the 43.6% stake in its national carrier held by Dubai’s Emirates Airlines. Emirates.
Sri Lanka’s Government has agreed to buy Emirates Airline’s stake in the national carrier, SriLankan Airlines, Chairman Nishanta Wickremasinghe was quoted as saying. Sri Lanka is on the verge of buying back the 43.6% [...]
Sri Lanka has slashed an import excise duty on vehicles by 50 percent amid a pick up in economy and demand for vehicles, lifted a general 15 percent surcharge on all imports and slashed duties on electronic items, an official said.
With effect from today a car such as an Indian made Maruti [...]
Sri Lanka’s exports of tea and apparel to India rose sharply in 2009 as impediments in a free trade deal between the two neighbours were removed, an Indian diplomat said.
Overall trade between the two countries is also recovering from recession in the first part of this year, said Vikram Misri, Indian [...]
With the election process ending in Sri Lanka and the Rajapaksa government settling into its second term, India is trying to revive the comprehensive economic partnership agreement (Cepa) with Sri Lanka.
The two countries already have a working free-trade agreement (FTA) and had negotiated a Cepa that was ready to be signed in 2008. But [...]
Sri Lanka’s dominant wireless operator Dialog Telekom intends to change its name to Dialog Axiata, following the renaming of its Malsyaian parent firm, a stock exchange filing said.
The proposed name “will accurately reflect its corporate identity,” Dialog said in a statement. The proposed name is a combination of the brand ‘Dialog’ [...]
A year after the defeat of Tamil rebels who had made parts of Sri Lanka a no-go area, the island hopes to entice tens of thousands of tourists to places that appear in one of Asia’s most celebrated religious sagas.
Tourist officials have identified and collated more than 50 sites said to [...]
Sri Lanka’s economy expanded at the fastest pace in five quarters as the government stepped up spending on new roads and ports after the end of a quarter- century of civil war in the country.
Gross domestic product rose 6.2 percent in the three months ended Dec. 31 from a year earlier after [...]
Sri Lanka’s tea production in February was back to the usual levels having recovered from the effects of drought and a market crash last year, Tea Board statistics showed.
A total of 23.5 million kilos of tea, including green tea, was produced in February 2010, up sharply from the 12.9 million kilos made [...]
The news that Tesco have collaborated with an ethical fashion label to
create a line of recycled clothing for the Florence & Fred label may
raise a few eyebrows.
So, perhaps, might the fact that the collection – just six pieces – is made from end of line Tesco stock which would otherwise end up in landfill, and [...]
