Colombo (News 1st)  - Minister Bandula Gunawardena stated that they will present a proposal to uplift investments in the country. He stated that the investment ratio should be increased to about 40% if the country needs to maintain a growth rate of 8%. He goes on to state that the state sector do...

Colombo (News 1st) - A meeting of the Cabinet of ministers was chaired by President Maithripala Sirisena today (November 21) where Minister Bandula Gunawardena stated that cabinet approval was granted to draft a supplementary expenditure estimate until the budget proposal is presented to parliament....

Colombo (News 1st) - The Central Bank Governor Dr Indrajit Coomaraswamy addressing The Economic Outlook forum today said that whilst Moody's has downgraded Sri Lanka, the economy is actually on an upward trend. He reasons that the key micro variables in the economy are 'okay' and that the economy is...

Colombo (News 1s) - Nalaka Godahewa, a controversial figure involved with various alleged malfeasance has been appointed as the chairman of Sri Lanka Insurance Corporation. Nalaka Godahewa was the former chairman at the SEC Sri Lanka. His appointment to the SEC at the time was considered controve...

Sri Lanka’s National Single Window (NSW), when implemented, will allow businesses to lodge information and documents with a single entry point, to fulfil all import, export, and transit-related regulatory requirements. The implementation of the NSW is also a legal obligation under the World Trade Or...