BUSINESS

Batticaloa fabric park aims  to save US$ 500 million annually

 Sri Lanka has taken the first step in manufacturing textiles to meet the needs of local apparel industry by launching the first phase of the Batticaloa...

Sri Lanka’s IMF Gamble hangs on debt restructuring 

The International Monetary Fund (IMF) has requested Sri Lanka to implement a strict fiscal and monetary policy protecting the livelihoods of the most vulnerable...

TRACE City emphasises need for urgent solutions to current crisis

TRACE Expert City experts in a statement said it is extremely concerned about the current economic crisis, the lethargic response of the executive and...

Sri Lanka Tea crop drops to 13-year low of 63 million kg

Revenue loss from export crops like tea played a big part in Sri Lanka's rapid economic decline. For descendants of Tamil-bonded labourers, life is...

Shipping lines up in arms over the rule of dollar payments only

Shipping lines are up in arms over the sudden decision by the Government requiring settle payments to the Sri Lanka Ports Authority (SLPA) only...

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