BUSINESS

Kantale Sugar factory revives with US300 million SLI investment

Sri Lanka’s over 30 year discarded Kantale Sugar factory and its land is set to be revived and restructured jointly by SLI Development Pte....

SL Government fiddled while tea industry burning

Sri Lanka’s tea output could fall 40 percent in 2022, threatening livelihoods and export revenues, if a fertilizer agro-chemical ban suddenly imposed this year...

Sri Lanka and Indonesia resume negotiations on PTA soon

Sri Lanka and Indonesia are to resume negotiations soon on the Preferential Trade Agreement (PTA) between the two countries which was initiated during the...

SL cost of living soars, people eating less nutritious foods:FAO

Sri Lanka’s vulnerable households have apparently reduced their food consumption or switched to comparatively cheaper but less nutritious foods, with an overall negative effect...

Fuel price formula, power cuts coming soon with no dollars more

Sri Lanka is to experience power cuts, fuel price hike, food shortage, coupon systems and rationing of essential commodities with the worsening of dollar...

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