BUSINESS

India and Sri Lanka ink the Sampur solar power project deal    

BUSINESS CN -
 Sri Lanka signed a joint venture shareholders agreement with India to launch  the Solar Energy project in Sampur, Trincomalee.  The Ceylon Electricity Board (CEB) and...

Reserve Bank of India issues notice on US $500m line of credit to Sri Lanka

BUSINESS CN -
With the signing of the Line of Credit for US $500 million, Exim Bank, to date, has extended 10 lines of credit to the...

India and Sri Lanka to further expand cooperation in petroleum sector

BUSINESS CN -
India and Sri Lanka are to further expand cooperation in the petroleum sector to help overcome the present crisis in Sri Lanka. The High Commissioner...

Sri Lanka banks faces  a shortage of new ATM cards

BUSINESS CN -
Despite an increase in users shifting to cashless transactions, Sri Lanka banks are facing a shortage of new ATM cards as its suppliers cannot...

ADB President reaffirms support for Sri Lanka socio-economic recovery

BUSINESS CN -
The Asian Development Bank (ADB) President Masatsugu Asakawa arrived yesterday in Sri Lanka and reaffirmed the multilateral organisation’s support for a quicker socio-economic recovery...
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