Business News Archives - Page 42 of 62

“”Tax Trap Tiles: Importers, Consumers Bear the Brunt of Protectionism”

News of the day

Beira Lake gets a fresh start

The Beira Lake in Colombo is undergoing a much-needed cleanup operation. Workers and volunteers are coming together to remove debris, clear invasive plants, and restore its natural beauty.

Sri Lanka renews $1.4 bln worth Chinese Yuan currency swap

CNL Reporter
January 17, 2025
Banking and Financial
Sri Lanka renews $1.4 bln worth Chinese Yuan currency swap
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Sri Lanka has renewed a $1.4 billion worth Yuan currency swap with China during the official Beijing visit of President Anura Kumara Disanayake, a joint statement by the both countries said.

Govt. announces relief measures for SME loan repayments

CNL Reporter
January 17, 2025
Banking and Financial
Govt. announces relief measures for SME loan repayments
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The government has planned a relief package to provide concessions to small and medium-scale enterprises (SMEs) facing difficulties in repaying loans.

Sri Lanka central bank launches digital payments promotion

CNL Reporter
January 17, 2025
Banking and Financial
Sri Lanka central bank launches digital payments promotion
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Sri Lanka’s central bank has launched a digital payments promotion campaign in Hambantota, it said in a statement.

Local palm oil industry set to save US$84 million annually.

CNL Reporter
January 17, 2025
Business News
Local palm oil industry set to save US$84 million annually.
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Sri Lanka’s palm oil industry, if strengthened, can save $ 84 million in foreign exchange, and enable smallholders to enter into international value chains through value added palm oil production, AEN Plantations CEO Ruwan Goonewardena disclosed.

Trincomalee Oil Tank Farm and Port Development: to boost foreign exchange

CNL Reporter
January 15, 2025
Investment
Trincomalee Oil Tank Farm and Port Development: to boost foreign exchange
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News of the Day In line with the new government’s energy policy and plan, significant efforts are underway to generate substantial foreign exchange for the country through the development of the Trincomalee Oil Tank Complex.

Stinking Beira Lake Joint cleaning project to kickoff today

CNL Reporter
January 15, 2025
Constructions
Stinking Beira Lake Joint cleaning project to kickoff today
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The stinking odor and the garbage mounting problem of the Colombo’s tourism hotspot Beira Lake near the Gangaramaya Seema Malaka, which repulses hundreds of foreign and local tourists that visit every day to witness a mesmerizing sunset, has finally won attention of the authorities to kickoff with a cleaning project today.

Sri Lanka’s south coast crowned as winter’s hottest travel destination

CNL Reporter
January 14, 2025
Travel and Tourism
Sri Lanka’s south coast crowned as winter’s hottest travel destination
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In a dazzling spotlight on Sri Lanka’s allure, Vogue has names the island’s south coast as the must-visit destination this winter, capturing the hearts of wanderers with its unspoiled beaches, vibrant wildlife, tranquil tea estates and immersive cultural experiences.

Central Bank charts path to stability and growth in 2025 and beyond

CNL Reporter
January 14, 2025
Banking and Financial
Central Bank charts path to stability and growth in 2025 and beyond
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The Central Bank (CB) last week unveiled an ambitious policy agenda: inflation stabilisation, a fostered economy, and financial stability for 2025 and beyond. The CB is envisaging a more forward-looking and data-driven approach to monetary policy formulation through enhancing the macroeconomic modelling setup and alternative frameworks.