Business

Business

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...

Cinnamon export earnings target US $1bn by 2020

The Spice Council has said that Sri Lanka's sole export market monopoly commodity, cinnamon, aspires to generate value added export earnings of US$ 1...

Sri Lanka the most improving economy in the ease of doing business

Sri Lanka has claimed the highest spot in the global ease of doing business ranking in the South Asian region while bettering its ranking...

Sri Lanka advancing towards secure economy

Sri Lanka is advancing towards a secure economy achieving an eight percent economic growth.  Senior Minister Dr. Sarath Amunugama has said that South Asian...

ITN BIZ NEWS 2012-10-21: Sunday

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Value added graphite to be exported

Sri Lanka is mulling over the export of value-added graphite. The Board of Investment has announced that it has entered into an agreement for...

Sri Lanka is described as an emerging hotel and resorts market in Asia

Sri Lanka is mentioned as the top emerging hotel and resorts market in Asia by hotel industry figures. Speaking at the international ‘Hotel Investment Conference...

50,000 metric tons of minor crops to be exported

The Export Agriculture Department plans to export 50,000 metric tons of minor export agricultural crops this year. According to the Department, cinnamon, pepper, coffee, nutmeg,...

ITN BIZ NEWS 2012-10-14: Sunday

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Coconut and coconut based products record growth

The country’s coconut and coconut based products sector has recorded an overall growth of 9 % up to August this year. The revenue earned was...