Imports soar; exports rebound in Dec. but dip overall in 2016

FT Main Image

     Exports up 4.7% in December to $ 859 m to end year at $ 10.3 b, down by 2.2% from 2015 ...

READ MORE



Damro enters plantations with Rs. 5 b deals on Pussellawa and Agalawatte

Tuesday, 28 March 2017 00:10 Views - 960

Browns exits loss-making Agalawatte acquired from Mackwoods in July last year Reduces stake in managing firm of Pussellawa from 55% to...

READ MORE


Emerging markets impact investing firm DWM partners HNB Grameen with 8% stake

Tuesday, 28 March 2017 00:00 Views - 554

HNB Grameen, a dynamic and fast growing finance company that pioneered microfinance in Sri Lanka, recently entered into an equity partnership with ...

READ MORE


Stock market slumps to one-year low as banks fall

Tuesday, 28 March 2017 00:00 Views - 457

Reuters: Shares fell to a more than one-year closing low on Monday in dull trade as investors sold shares of lenders after the Central Bank tighten...

READ MORE


‘Luxury apartments boom not a bubble’!

Monday, 27 March 2017 01:12 Views - 2427

Shangri La Group Vice Chairman Madhu Rao speaks at the recent Finance Asia organised Sri Lanka Investment Summit in Hong Kong. Others from...

READ MORE


CB says action against EPF officials if guilty of wrongdoing

Tuesday, 28 March 2017 00:05 Views - 150

  The Central Bank yesterday clarified its position on certain media reports that carried what it called erroneous facts on the procee...

READ MORE


European Investment Bank makes historic visit to Sri Lanka

Tuesday, 28 March 2017 00:00 Views - 486

A high-level delegation from European Investment Bank, the world’s largest international public bank, will make a three-day official visit to...

READ MORE


Check on cocaine blocks Rs. 3 b worth of sugar in Colombo Port

Tuesday, 28 March 2017 00:00 Views - 425

SLSIA calls on Govt. assistance to clear genuine 1,200 containers stuck in Colombo Port since November     ...

READ MORE


NTB arranges $ 20 m Syndicated Loan for leading Maldivian resort developer

Monday, 27 March 2017 01:09 Views - 1057

Nations Trust Bank Director and CEO Renuka Fernando (left) shakes hands with Maldives Coastline Group Chairman A.U. Maniku. NTB DGM Commer...

READ MORE

MORE FRONT PAGE NEWS

FT NEWS


Sri Lanka wants to reduce China’s stake in strategic port deal

Tuesday, 28 March 2017 00:00 Views - 394

A group of Sri Lankan visitors at the new deep water shipping port watch Chinese dredging ships work in Hambantota, 240 km (150 miles) southeast of...

READ MORE


Govt. assures action on anyone found guilty in bond scam

Tuesday, 28 March 2017 00:00 Views - 316

The Government has assured action will be taken against anyone found guilty in the alleged Treasury bond scam. Minister of Public Enterprises Dev...

READ MORE


Lyca’s Gnanam Foundation hits out at TN politicians after Rajinikanth cancels Sri Lanka trip

Monday, 27 March 2017 01:02 Views - 724

Rajinikanth fan clubs also condemn parties for politicising Jaffna trip (TNM) A day after Tamil superstar Rajinikanth called off his...

READ MORE


PM gets first copy of ‘Revolution under the Banyan Tree’

Monday, 27 March 2017 01:01 Views - 615

The first copy of the book ‘Revolution under the Banyan Tree’, which contains articles on the happenings under the banyan tree...

READ MORE


US Congress members signal greater engagement and support for Sri Lanka

Monday, 27 March 2017 00:59 Views - 490

Two congressional delegations of the US House of Representatives visited Sri Lanka in February.   The first was a bipartisan four-m...

READ MORE


President commits to strong SL-Russia relations in coming century

Monday, 27 March 2017 00:56 Views - 516

President Maithripala Sirisena said his objective was a continuation of the strong friendship with Russia for the coming century while ope...

READ MORE


Pioneers Expo 2017 from 23-24 April

Tuesday, 28 March 2017 00:00 Views - 234

The first ever youth summit on sustainable development will be held on 23 and 24 April at the Waters’ Edge Hotel in Battaramulla. This event,...

READ MORE


Maldives president faces key parliamentary test

Tuesday, 28 March 2017 00:00 Views - 280

  AFP: The Maldives opposition on Monday began impeachment proceedings against the parliamentary speaker in an attempt to des...

READ MORE


President signs special gazette notification declaring four forests near Wilpattu North Sanctuary conservation forests

Monday, 27 March 2017 01:01 Views - 531

All the forests located near the Wilpattu North Sanctuary belonging to the Department of Forest Conservation will be declared as one reserve. ...

READ MORE


India, Sri Lanka ‘can do a lot together’: Indian envoy

Monday, 27 March 2017 01:00 Views - 601

 India’s High Commissioner to Sri Lanka Taranjit Singh Sandhu  India, which sees itself as a net provider of secur...

READ MORE


Sri Lanka appoints first Honorary Consul in Pennsylvania

Monday, 27 March 2017 00:57 Views - 504

Ambassador Prasad Kariyawasam has handed over the Commission of Appointment to David Bruce Sherman as Sri Lanka’s Honorary Consul in...

READ MORE


The real reasons behind China’s big investments in Sri Lanka

Monday, 27 March 2017 00:54 Views - 825

www.forbes.com: What’s China doing in Sri Lanka? Officially, it’s building the country’s infrastructure. Like the ports of Colomb...

READ MORE

MORE FT NEWS

.

Today's Columnists

Development impact of the new technology revolution

28 March 2017

The geopolitical implications of advancing automation are quite inimical to workers in developing economies like Sri Lanka, whose comparative advantage lies essentially in “embodied labour”, which comprises cheap goods made by low-wage...


Yesterday, today and tomorrow: Whence, where and whither

28 March 2017

“Gotabaya can build a new urbanised technocratic civilisation which is the 21st century equivalent of the magnificent civilisations that this island once built; civilisations that put us ahead of the rest of South Asia, until the Tamil invad...


Sri Lankan housewife further challenged

28 March 2017

    Whilst Sri Lanka at the macro end is grappling to pay the $ 15 billion debt in the next four years, private sector and civil society is pressuring the Government to bring in structured reforms and stronger governance ...


A robust society?

28 March 2017

  By Susil Sirivardana Thinking about the lives of two exceptionally robust individuals, who passed away recently, led me to ask the question, were we not a robust society at one time, which we are not certainly in present ...


More Columnists