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Sri Lanka state banks to raise up to a billion US dollar from ME

Sri Lanka state banks to raise up to a billion US dollar from ME

Sri Lanka’s main state banks are expecting to raise up to billion US dollars from the Middle East by the end of the year, Central Bank Governor Indrajit Coomaraswamy said. State-run Bank of Ceylon, People’s Bank and National Savings Bank has already met Middle Eastern Banks with another…

Sri Lanka getting enough inflows to repay $1.5bn by April: CB Governor

Sri Lanka getting enough inflows to repay $1.5bn by April: CB Governor

The Central Bank of Sri Lanka said that it is expecting enough foreign inflows to rollover the 1.5 billion dollars of sovereign bond repayments in early 2019. “We can deal with the two large international sovereign bonds of the first four months,” Governor Indrajit Coomaraswamy said. He said…

ICF unveils Sri Lanka Railways diesel-electric multiple units

ICF unveils Sri Lanka Railways diesel-electric multiple units

The first of six 13-car diesel-electric multiple-units which Indian Railways’ Integral Coach factory is building for Sri Lanka Railways was unveiled at the manufacturer’s plant in Chennai on November 12 . The order was placed with ICF and RITES under an India-Sri Lanka economic co-operation agreement. It covers…

Lanka tea takes 10% share in Chinese market

Lanka tea takes 10% share in Chinese market

Sri Lanka tea exporters to China are increasing and the country has been able to take 10% share…

Battle against Sena intensifies

Battle against Sena intensifies

The Agriculture Ministry has already taken measures to control the spread of crop-destroying caterpillar known as ‘Sena’ (Fall…

Over 153,000 tourist arrivals in October

Over 153,000 tourist arrivals in October

The total number of international tourist arrivals to Sri Lanka during October 2018 was 153,123. In comparison to…

Sri Lankan students arrived on student visas: government official

Sri Lankan students arrived on student visas: government official

The government clarified Thursday that a group of Sri Lankan students who arrived in Taiwan last year did…

China, India avoid taking sides in Sri Lanka

China, India avoid taking sides in Sri Lanka

China and India are closely watching the constitutional crisis in Sri Lanka, which has been a battleground in…

Climate resistant apparel industry for SL

Climate resistant apparel industry for SL

The adverse effects of climate change, such as floods, erosion and landslides are increasingly hitting businesses in coastal…

New hotel proposals almost double in Sri Lanka

New hotel proposals almost double in Sri Lanka

Sri Lanka’s growing tourism industry has attracted a lot of investments during the first eight months of 2018,…

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