The government of Sri Lanka is to enter into an agreement on agricultural cooperation with Turkey in line with a proposal put forward by Agriculture Minister Duminda Dissanayake.
The Asian Development Bank (ADB) has reportedly announced that the Bank’s Board of Directors has approved an additional US$ 75 million in financing to support the development of small and medium-sized enterprises (SMEs) in Sri Lanka.
Sri Lanka’s Co-Cabinet Spokesperson, Minister Gayantha Karunathileka says the Cabinet of Ministers has granted approval to the final draft of the proposed Free Trade Agreement (FTA) to be signed with Singapore.
Sri Lanka records increase in local tea production in 2017 indicating recovery from seven year low hit
Tea production in 2017 has been recorded at 307 Mnkg, which is up only 5 percent when compared with the
Sri Lanka’s State Minister for International Trade, Sujeewa Senasinghe has reportedly said the government will sign the joint venture agreement with Thai-based Rojana Industrial Park Public Ltd by the end of February.
Sri Lankan government to build tower at a cost of Rs. 19 billion in the country’s administrative capital
The government of Sri Lanka has commenced a project to construct a 25 floor tower at a cost of Rs.
The Asian Development Bank (ADB) has announced that it would provide Sri Lanka with a grant aid to hire two
Forbes listed young billionaire of mainland China, Cai Xiaoru has reportedly signed a partnership agreement and committed to invest US$ 30 million into Sri Lankan satellite company SupremeSAT through his Shenzhen listed company Tatwah Smartech.
Tourist arrivals in Sri Lanka hit a record high in 2017, with the number of foreign visitors in December rising
The governments of Sri Lanka and India have reached an agreement on the cooperation in the fields of IT and electronics.
Sri Lanka’s State Finance Minister Eran Wickremaratne says that the government’s 2018 Budget has included measures to support small and
The Indian government has expressed that it remains committed to assist Sri Lanka in its development journey and an agreement
Sri Lanka’s CEAT Kelani Holdings has reportedly announced that it would invest Rs. 3 billion to expand tyre manufacturing capacity and on new product development for the domestic and export markets.
The Sri Lankan government has reportedly granted approval for the line ministry of the Board of Investments (BOI) to develop
Finance Minister Mangala Samaraweera has reportedly said that Enterprise Sri Lanka, which is one of the main proposals made in the 2018 Budget aimed at creating entrepreneurs in the country, will be launched in March this year.
The Sri Lankan government has reportedly called for Expressions of Interest (EOI) from local as well as international businesses to operate domestic flights to key tourism destinations in the island nation.
Development Strategies and International Trade Minister Malik Samarawickrama initiated on Wednesday (10) a two-day Roundtable Investment Forum with Sovereign Wealth Funds (SWFs) in Colombo under the patronage of Prime Minister Ranil Wickremesinghe.
The Russian Federation has reportedly decided to move for bigger trade with Sri Lanka and is to ensure that a strong delegation participates in the trade meet scheduled in Moscow this year.
One of the youngest billionaires of China, Cai Xiaoru has reportedly arrived in Sri Lanka to explore investment opportunities in the island nation, which is deemed as a demonstration of renewed investor confidence in the country.
Sri Lanka’s LVL Energy Fund is reportedly looking at expanding its investment portfolio in South Asia and Africa.
Sri Lanka’s Central Bank partners with IFC to develop country’s National Financial Inclusion Strategy
A member of the World Bank Group, IFC, has reportedly partnered with the Central Bank of Sri Lanka to develop the country’s first National Financial Inclusion Strategy (NFIS).
The Department of Census and Statistics of Sri Lanka in its Labour Demand Survey 2017 has reportedly stated that around five million people were currently engaged in employment in the country’s private sector while there are around 500,000 vacancies are there in various job categories.
The Australian High Commission in Sri Lanka has reportedly stated that trade between Australia and Sri Lanka has surged to a record high of 1.3 billion Australian dollars in 2016-17
The State Pharmaceuticals Manufacturing Corporation of Sri Lanka (SPMC), which is under the purview of the Health Ministry of Sri Lanka, and Pharma Zone Ltd.
Sri Lanka’s Finance Ministry records Rs. 21.9bn surplus in primary balance in first 10 months of 2017
The Finance Ministry of Sri Lanka has reportedly stated that it has achieved Rs. 21.9 billion surplus in the primary balance of the fiscal accounts during the first 10 months of 2017.
The Sri Lankan Prime Minister’s Policy Development Office has stated that work on the country’s digital economy strategy has begun with input from world-renowned consultancy firm McKinsey.
Pakistan has reportedly looking at launching a feasibility study on a dairy farm in Sri Lanka’s Polonnaruwa district, in the North Central Province of the island, High Commissioner Shahid Khaqan Abbasi has been quoted as saying in the media.
The government of Sri Lanka has reportedly decided to sell its shares in Colombo Hilton and Hyatt Hotel.The government has called for proposals to advise the government on the sale of Hotel Developers (Lanka) Pc,
The American Chamber of Commerce (AmCham) has reportedly said that the decision to withdraw the GSP form Sri Lanka is not being country-specific
The tourist arrivals in Sri Lanka have recorded a growth of 3.2 percent to 2,116,407 million in 2017.However, the figure is short of the 2.5 million target announced by Tourism Minister John Amaratunga in 2017.
Governor of the Central Bank of Sri Lanka, Indrajit Coomaraswamy has reportedly said that Sri Lanka’s economic growth will rebound to 5.0 to 5.5 percent in 2018 from a below 4.0 percent in 2017 with more domestic and foreign private investment.
Events have been planned for this year to further promote Sino-Lanka ties says Sri Lankan association
President of the Association for Sri Lanka-China Social and Cultural Cooperation Indrananda Abeysekera has reportedly said that several events have been planned for this year to further promote Sino-Lanka ties and spread further awareness on China’s Belt and Road Initiative in Sri Lanka.
Co-Cabinet Spokesperson, Minister Dayasiri Jayasekera has reportedly said that Sri Lanka expects to raise up to US$2.5 billion in 2018 under its public borrowing programme by issuing local and international bonds.
Sri Lanka’s first ever European Union (EU) mandated GSP exporter listing call has been put live on the Internet yesterday.“I commend the Department of Commerce under our Ministry for setting up this system and operationalising exactly on the first working day of 2018.
Petroleum Resources Development Minister Arjuna Ranatunga has said that steps would be taken to build six more storage tanks and commence work on the proposed oil refinery system.
Sri Lanka has reportedly recorded an increase in the purchase of small hybrid cars. A recent report by a brokerage states that registrations of vehicles continued a slow recovery in November,
China is to invest US$ 1 billion in the construction of three 60-storey buildings at a mega-project near Sri Lanka’s main port, Colombo said Tuesday, as Beijing aims to boost its influence in the Indian Ocean, AFP news agency has reported.
The Sri Lanka – Malaysia Business Council of the Ceylon Chamber of Commerce (CCC) had reportedly held a business meeting with members of the Malaysia – Sri Lanka Business Chamber recently at the CCC.
The Sri Lankan tea auction is expected to return to normal on Tuesday/Wednesday with usual Russian demand after Russian authorities agreed to lift the temporary ban on Sri Lankan tea imports, media report sate.
Governor of the Central Bank of Sri Lanka, Indrajit Coomaraswamy has reportedly said that Sri Lanka’s economy is on a stabilizing path and gaining confidence of investors and domestic interest rates are also falling.
Official statistics have revealed that Sri Lanka’s exports have risen by 14.1 percent from a year earlier to US$ 976 million in October 2017.
Governor of the Central Bank of Sri Lanka, Indrajit Coomaraswamy has reportedly said the country would like to go to the international market with a sovereign bond
Sri Lanka’s Central Bank says foreign investments in government bonds and stocks are US$ 572 million
The Central Bank of Sri Lanka has states that the government’s bond and stock markets have seen US$ 572 million flow in up to December 26th this year.
The government of Sri Lanka has decided to promote organic food production and to open the export market for such products
Sri Lankan government to sign MoU to develop US$ 1bn Colombo International Financial City building complex
The Sri Lankan government has decided to sign a Memorandum of Understanding (MOU) with CHEC Port City Colombo to develop the Colombo International Financial City building complex valued at US$ 1 billion
The French government has decided to provide a Rs. 2,514 million (€ 13.9 million) concessional loan to the Sri Lankan government for the Development of Six Mini-Dairies Project to be implemented.
Vast potential for closer ties with Sri Lanka to boost bilateral investments, Standard Chartered Bank says
Standard Chartered Bank (SCB) Malaysia has reportedly stated that there was vast potential for closer ties with Sri Lanka to boost bilateral investment and trade.
Malaysian Prime Minister Mohammad Najib bin Tun Abdul Razak during a recent visit to Sri Lanka pledged to strengthen relations with Sri Lanka and increase investment
The Sri Lankan government is to reportedly call for fresh bids to build two hotels near the Bandaranaike International Airport (BIA) in Katunayake.
Sri Lankan government seeks private investments for JVs to include tourism services in fisheries sector
The Government of Sri Lanka is to seek private investments to commence joint ventures in the fisheries sector by including tourism services into it. The move is expected to increase commercial activities at fishery harbours around the island.