Business

Business

BOI approves a graphite export firm

The Board of Investment, Sri Lanka's investment promotion agency has signed a deal with Plumbago Lanka (Pvt) Ltd, which will invest 78 million US...

There is a high demand for Ayurvedic system of medicine in the tourism...

It can be developed as a major foreign exchange earner. Minister Basil Rajapaksa expressed this addressing the 14th session of the Government Ayurvedic Doctors...

ITN BIZ NEWS 2012-11-11: Sunday

ITN Biz News: You need the Windows Media Plug-in for the Browser you are using to view this Content. Please use the Download link Below if...

Indian company to establish sugar refinery in Sri Lanka’s southern investment zone

One of the largest sugar producers in the world, Shree Renuka Sugar Ltd of India has agreed to establish a sugar refinery in the...

Economy to expand around 7.5 percent

Sri Lanka's economy will expand around 7.5 percent in 2013, with 8 percent growth in the medium term. In a report the Central Bank said...

Plans afoot to expand cashew cultivation

The Cashew Corporation of Sri Lanka has taken appropriate measures to expand the cultivation of cashew nut the Vavuniya, Mannar, Killinochchi, Mullathivu and Anuradhapura...

Investment restrictions relaxed – CSE

The Inland Revenue Department has lifted investment restrictions placed on private pension and provident funds, along with gratuity, trust and savings funds. The Security and...

Sri Lanka and Oman have signed a bilateral development advisory agreement.

Sri Lanka and Oman have signed a bilateral development advisory agreement. External Affairs Minister Prof. G.L. Peiris inked the agreement on behalf of Sri Lanka...

Income from coconut and coconut based products increase

The income from the export of coconut and coconut products has increased during the first 7 months of this year. The Ministry of Coconut...

Sri Lanka is to become car manufacturing hub

China’s number 3 Car Manufacturer Geely, the Fortune 500 Chinese automotive multinational is to establish an assembly and manufacturing plant in Hambantota. Geely now...