Tuesday, November 21, 2017
Authors Posts by Azhar Razak

Azhar Razak

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Azhar Razak is the Business Editor at The Nation and has been leading the reporting of economics, business and finance for the newspaper in the past four years.He counts over eight years of experience in journalism and was adjudged the Business & Finance Journalist of the Year in 2012 in a competition organised by the Editors Guild and the Sri Lanka Press Institute

Sri Lanka has slipped one position in World Bank’s Ease of Doing Business Index  to 110 in year 2017 from 109 in 2016 among...

Sri Lanka is building a national digital identity system to ensure that transactions can be digitally verified and the programme, which will cost over...

President Maithripala Sirisena, attended the BRICS Outreach Summit held in Goa, India recently following an invitation extended by the neighbouring nation. The seven leaders...

Minister of Foreign Employment, Thalatha Atukorale, who is also the Chair in Office of the Colombo Process (CP), last week said the CP will...

Sri Lanka’s Hatton National Bank Plc (HNB) says the fresh infusion of capital guided by extensive technical expertise of the Asian Development Bank (ADB),...

Minister of Finance, Ravi Karunanayake last week announced the government has planned to implement the New Customs Ordinance with effect from January 2017 by...

The President of the National Chamber of Exporters of Sri Lanka (NCE), Sarada De Silva says that although the chamber concurs with the approach...

With the government announcing that Sri Lanka’s Budget 2017 is scheduled to be presented in Parliament on November 10, Nation last week asked a...

The national carrier SriLankan Airlines’ focus on re-structuring its operations  to effect a turnaround is recording a significant reduction in losses, coupled with a...

The governor of the Central Bank of Sri Lanka, Dr. Indrajit Coomaraswamy last week said Sri Lanka’s economy is expected to grow at a...

The government of United States last week expressed its willingness to assist the Sri Lankan government to adapt and institutionalize the Public Private Partnership...

The present tax differential between the two fuels, petrol and diesel, should be further reduced to around Rs. 10 from the current level of...

Sri Lanka is taking a concerted effort to improve the business climate domestically with far-reaching governance reforms that are rules-based which have structurally made...

SriLankan Airlines has completely banned the use or charging of Samsung’s latest Galaxy Note 7 smartphone on board all its flights with immediate effect...

SriLankan Airlines carried the finalists of the Miss Veet Pakistan beauty pageant to Colombo recently, with Sri Lanka’s southern coastal town of Balapitiya hosting...

The 8th SAARC Finance Ministers’ Summit was held on August 26 at Islamabad in Pakistan. Sri Lanka was represented in the Summit by Minister of...

Renault, the French automaker will launch a new variant of its entry level hatchback KWID, in the Indian market tomorrow. This new variant will...

CHEC Port City Colombo (Pvt) Ltd., the Project Company for the Colombo Port City (CPC), today announced the signing of a tri-partite agreement between...

The ninth Woman Entrepreneur of the Year Awards concluded on a high note, crowning 18 woman entrepreneurs for their outstanding efforts in the business...

Central Depository System (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), announces the launch of CDS e-connect, a secure...

Partnering with a leading Korean lubricant maker, Sri Lanka’s official supply giant to the state sector, has launched the first ever nano-tech powered automotive...

Minister of Development Strategies and International Trade, Samarawickrama last week said that Chinese investors have recently expressed interest in investing in the US$ 10bn Hambantota...

The Governor of the Central Bank of Sri Lanka, Dr. Indrajit Coomaraswamy yesterday said that he is confident last week’s 50 basis point rate...

Sri Lanka’s gross official reserves have recovered to US$ 6.4 billion by the last week of July 2016, increasing from US$ 5.3 billion at...

The Director General of the Public Utilities Commission of Sri Lanka (PUCSL), Damitha Kumarasinghe last week indicated that Sri Lanka will adopt a Regulated...

The Monetary Board of the Central Bank today decided to increase the main policy interest rates of the Central Bank, namely, the Standing Deposit...

In a groundbreaking initiative, the country’s very first fully fledged free pre-hospital care ambulance service numbering a collective of 88 state-of-the-art fully equipped vehicles...

Customers in Sri Lanka will now be able to apply for their UK visit visas, more easily thanks to a new online application form. The...

The D-Mora P1 race car built by the engineering students from the Faculty of Engineering of the University of Moratuwa with the backing of...

Lafarge Holcim today officially announced it has signed an agreement with Siam City Cement Public Company Limited for the divestment of its interest in...

Idah Pswarayi-Riddihough, the new World Bank Country Director for Sri Lanka and Maldives is visiting Colombo this week to meet with the Sri Lankan Government, and other development...

Sri Lanka’s cash-strapped national carrier, SriLankan Airlines is presently negotiating with Pakistan International Airlines (PIA) to lease four of its Airbus A330 planes, Sri Lanka's Minister...

IFC, a member of the World Bank Group, is partnering with Sampath Bank PLC to provide trade financing for Sri Lankan exporters to help...

The World Bank has pledged to grant additional US$233 million to Sri Lanka for the development activities within the next few years and reiterated it...

Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics, has...

In a bid to address the growing need for professional training and development in the hospitality industry in Sri Lanka, Omega Global, the Sri...

Demonstrating strong investor confidence in its vibrant prospects and high growth potential, the Initial Public Offering (IPO) of Amana Takaful Life Limited – via...

Expolanka Holdings PLC divested its 50% stake in Norfolk Foods (Pvt) Ltd for consideration of US$ 2.5 million, the company announced in a statement...

The Ministry of National Policies and Economic Affairs, through the Department of Project Management and Monitoring, with technical assistance of ICTA, has prepared a...

Sri Lanka’s Prime Minister Ranil Wickremesinghe says the country is looking forward to using Singapore’s expertise for the Beira Lake and development of the surrounding...

Singaporean Prime Minister Lee Hsien Loong on Monday said that Singapore-based Surbana Jurong now plays an active role, master-planning major development projects in Sri Lanka, such...

Sri Lanka's Prime Minister Ranil Wickremesinghe on Monday said that he was hopeful that by next year, the Singapore-India (CEPA), the Indo-Lanka ETCA and...

Minister of Development Strategies and International Trade, Malik Samarawickrama says that Sri Lanka’s upcoming trade agreements with India, China and Pakistan could be the...

Leading provider of credit ratings, research, and risk analysis, Moody’s Investors Service last week sounded a note of caution stating that the market volatility...

A recent tri-partite collaboration laid the foundation for a new concept at the Orion City IT Park to bring energy, ideas and people together. Orion...

In an effort to control the prices of essential items, the Minister of Industry and Commerce Rishad Bathiudeen today announced that Maximum Retail Prices...

The Central Bank of Sri Lanka (CBSL) today said that it has marked its return to the U.S. dollar bond markets on behalf of...

Dr Indrajit Coomaraswamy was appointed as the Governor of the Central Bank of Sri Lanka by President Maithripala Sirisena on Saturday (02), according to the provisions...

The recent hike in excise duty coupled with the Value Added Tax (VAT) hike will have a considerable impact on vehicle sales volume of...

The Sri Lankan authorities have sought technical assistance from the International Monetary Fund (IMF) towards setting up a Special Purpose Vehicle (SPV) by the...

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