The Ceylon Electricity Board (‘the Employer’) now invites sealed bids from eligible bidders for the construction of Lot A2 –
Iranian leader acknowledges level of trade between Iran and Sri Lanka is much less than the real potential
President of Sri Lanka Maithripala Sirisena and a delegation representing the government of Sri Lanka met with Iran’s Supreme Leader Ayatollah Ali Khamenei on Sunday in Teheran
Wall Street Journal says Sri Lanka’s currency still supports sound investment in the equity market despite depreciation
The US based Wall Street Journal has reported that Sri Lanka’s currency, despite coming under pressure from an appreciating dollar, still supports sound investment in the equity market.
Sri Lankan government signs US$ 100 million loan agreement with ADB as additional funding to enhance productivity
The Sri Lankan government and the Asian Development Bank (ADB) have signed a US$ 100 million loan agreement as additional financing to develop skills
Chinese government approves US$1.1 billion loan to construct first phase of Sri Lanka’s Central Expressway
China’s Ambassador to Sri Lanka Cheng Xueyuan has reportedly assured Sri Lankan Prime Minister Ranil Wickeremesinghe that the Chinese government has approved a US$ 1.1 billion loan
Global real estate consultancy Jones Lang La Salle sees a strong surge in Sri Lanka’s tourism industry
Global real estate consultancy Jones Lang La Salle sees a strong surge in Sri Lanka’s tourism industryGlobal real estate consultancy Jones Lang La Salle (JLL) anticipates a strong surge in tourist arrivals and earnings in Sri Lanka,
Sri Lanka’s CCC to strengthen business links with Singapore to gain maximum benefits from recently signed FTA
The Ceylon Chamber of Commerce of Sri Lanka has reportedly stated that it has strengthened links with Singapore businesses to exploit opportunities
The government of Sri Lanka has reportedly approved plans to set up three liquefied natural gas (LNG) power plants that would generate 1,400 MegaWatts of power in government-to-government deals with China, India and Japan.
Sri Lanka’s Central Bank Governor invites foreign equity investors to focus on Sri Lanka due to strengthening economy
Governor of the Central Bank of Sri Lanka, Dr. Indrajit Coomaraswamy has reportedly invited foreign equity investors to focus on Sri Lanka as prospects look better since a framework
The Chinese media has reported that nearly 100,000 Chinese tourists had visited Sri Lanka till April this year, making China among the top three countries generating the most number of tourists
Tourist arrivals to Sri Lanka increase by 12.6 percent in April 2018 with India and UK tourists leading the list
Sri Lanka’s tourist arrivals have recorded an increase of 12.6 percent in April this year against the corresponding period last year with India followed by United Kingdom
EU launches a Rs. 810 million project to support the modernization of Sri Lanka’s agriculture sector
The European Union has reportedly launched a Rs. 810 million project aimed at supporting the modernization of Sri Lanka’s agriculture sector.
Global Pulse Federation formulates Colombo Accord to finalize pulse transactions amounting to US$ 100 billion
Over 500 high profile global pulses heavyweights arrived in Sri Lanka last week to finalise the Colombo Accord, which is the biggest milestone in the global pulses industry.
Central Bank of Sri Lanka notes need for a Bus Rapid Transit system along with Light Rail Transit system
The Central Bank of Sri Lanka has reportedly stated that the country should explore cheaper and faster options to tackling
The government of Sri Lanka is to commence discussions with Thailand on setting broad parameters to reach a free trade agreement (FTA) from this month.
Sri Lankan government records US$ 465 million FDIs exceeding initial targets in the first three months this year
The Sri Lankan government has recorded US$ 465 million in foreign direct investments (FDIs) to the country in the first three months of the year,
Chinese backed Port City project in Sri Lanka in discussion with investors for up to US$ 4 billion in investments
A Chinese-backed real estate project near Sri Lanka’s main port is in discussion with investors for up to US$ 4 billion in investments in its first phase,
Sri Lanka’s Finance Minister and ADB discuss ways to expedite projects funded by the ADB in the country
Finance Minister of Sri Lanka, Mangala Samaraweera and officials of the Asian Development Bank (ADB) have discussed last week the need to accelerate ongoing bilateral projects
Tea brokers in Sri Lanka have reportedly said that prices of several grades of Sri Lankan tea have seen a sharp increase at last week’s one-day auction in Colombo
Oxford Business Group report to show Sri Lanka’s plans to enhance its investment climate through new mechanisms
Sri Lanka’s plans to enhance its investment climate by introducing mechanisms aimed at reducing red tape and speeding up key processes will be given wide-ranging coverage in a report
World Bank Group’s IFC to invest US$ 27 million in Sri Lanka’s Melwa Hotels and Resorts Private Limited
A subsidiary of the World Bank Group, the International Finance Corporation (IFC), is reportedly investing US$27 million in Sri Lanka’s Melwa Hotels
Along the coastal haven of Arugam Bay; described by Lonely Planet, as “a moon shaped curl of soft sand, home
Sri Lankan government to bring back coal plants to the energy mix in a bid to lower long term generation costs
The Power and Renewable Energy Ministry of Sri Lanka has reportedly proposed to bring back coal power plants to the energy mix in a bid to lower long term generation costs,
China’s Yingke Travels has stated it was partnering Sri Lanka’s Green Leaves Travels to bring 100,000 tourists to Sri Lanka in the next 12 months
Tokyo based company to set up Sri Lanka’s first ever industry scale Electric Vehicle manufacturing facility
A Tokyo based high-tech research and development start-up is planning Sri Lanka’s first ever large, industry scale Electric Vehicle (EV) manufacturing facility, the Industry and Commerce Ministry of Sri Lanka announced.
Sri Lanka says that investors have expressed interest to commence work on the second canned fish factory in Hambantota, the local media has reported.
JV between India’s Mahindra & Mahindra with Sri Lanka’s Ideal Group to benefit country’s automotive industry
Sri Lanka’s Ideal Group has reportedly said the country’s automotive industry would greatly benefit in the wake of India’s Mahindra & Mahindra Ltd’s achievement of high market capitalization
Sri Lanka’s Export Development Board working to enhance exports related to packaging, stationery and publishing
The Export Development Board (EDB) of Sri Lanka has reportedly formed a steering committee consisting of high level stakeholders
Standard Chartered Bank to set up China Desk at head office in Sri Lanka due to expanding Sino-Lanka ties
The Standard Chartered Bank (SCB) is in the process of setting up a China Desk in its Head Office in Sri Lanka’s business capital,
China Harbour Engineering Company Ltd. (CHEC) has reportedly entered into an agreement with the Sri Lankan real estate company, Blue Mountain to build Achilleion, which is deemed as a seven-star luxury project.
ABB India Limited has reportedly been selected to improve and build a grid substation for Sri Lanka’s state owned Ceylon Electricity Board (CEB), which is expected to cost several millions of Sri Lankan rupees.
Korea’s Export-Import Bank is to reportedly assist in the establishment of an automated taxation system in the Sri Lankan capital Colombo.
Sri Lanka’s record US$ 1.9 billion in foreign direct investment (FDIs) have reportedly been driven by China, Singapore, India and Hong Kong.
Sri Lanka invited by St. Petersburg International Economic Forum to showcase investment and export portfolios
Sri Lanka’s Ministry of Industry and Commerce has said that Sri Lanka has been invited again to showcase its investment and export portfolios at the global forum, St. Petersburg International Economic Forum
Canadian government discusses ways to engage in Sri Lankan businesses and new investment opportunities
Canada’s Director General for South Asia at Global Affairs David Hartman along with High Commissioner David McKinnon has reportedly met with Sri Lanka’s Minister of Finance
Sri Lanka’s Kandy Industrial Park contributes US$ 93 million worth of direct exports earnings in 2017
The Kandy Industrial Park under the purview of Sri Lanka’s Board of Investments (BOI) has reportedly emerged as a major economic center in the Central Province
The private investment arm of the World Bank Group, the International Finance Corporation (IFC), has proposed an equity investment of US$ 3 million – US$ 4 million in Sri Lankan ride-hailing app Digital Mobility Solutions Lanka,
UNDP partners with NYSC, Cisco and Citi of Sri Lanka to train youth in digital and entrepreneurial skills
The United Nations Development Programme (UNDP) in Sri Lanka has reportedly partnered with the National Youth Services Council (NYSC),
Sri Lanka’s Renuka Holdings receives foreign investment to construct high rise mixed development project
Sri Lanka’s Renuka Holdings group has reportedly stated that one of its subsidiaries had commenced construction work on a high
A group of investors from several companies in Pakistan has arrived in Sri Lanka to find out about new investment opportunities in the country.
Sri Lankan Prime Minister says government looking at attracting more Chinese investments to promote economic development
Prime Minister of Sri Lanka Ranil Wickremesinghe has said his government will work with China to accelerate ongoing projects
The Sri Lanka Opportunity Fund, a Singapore based equity fund, has taken a strategic stake in Kelani Cables PLC, the local media has reported.
A new global container carrier alliance of three Japanese liner companies, Ocean Network Express has reportedly included Sri Lanka’s Colombo Port
The Cargills Bank of Sri Lanka, owned by the Cargills Group, has reportedly said its focus on digital technology like mobile apps and a relatively young workforce will help it better target millennials as customers.
IMF reaches agreement with Sri Lankan authorities on the fourth review of the three-year Extended Fund Facility
The International Monetary Fund (IMF) has reportedly said it has reached preliminary agreement for the next phase of the reform programme for Sri Lanka.
International payments company, Visa Inc. says Sri Lanka can boost economic growth through cashless transactions
An international payments company, Visa Inc. has reportedly stated that Sri Lanka can boost economic growth by moving to cashless transactions.
The Sri Lankan government has reportedly stated that over 200 Commonwealth entrepreneurs had met in London last week to discuss trade and investment opportunities in Sri Lanka.
Sri Lankan cellular company Dialog Axiata to expand in to digital financial services to engage in digital economy
Cellular company in Sri Lanka, Dialog Axiata has reportedly stated that the Company plans to expand digital financial services with its acquisition of Colombo Trust Finance (CTF)
The Asian Development Bank (ADB) has reportedly received US$ 12.6 million of funding for 2018 to 2020 from the Women Entrepreneurs Finance Initiative (We-Fi) to generate more resources for Sri Lankan women-led businesses.
Sri Lanka Tourism Promotions Bureau has reportedly concluded a three-day promotional mission to the United Arab Emirates (UAE)