The Sri Lanka Economic and Investment Conclave (SEIC), will conduct a dedicated thematic session to discuss the World Economic Outlook, Sri Lankan economic progress and the investment opportunities available in Sri Lanka.
The government of Sri Lanka has taken a resolute stand against the monopoly of major conglomerates in the local shipping
The Finance Ministry of Sri Lanka has announced that the government is looking out for a new management cum stakeholder partner for the national carrier, SriLankan Airlines.
The government of Sri Lanka in its 2018 Budget has proposed to slash Loan to Value (LTV) ratios for car imports and will allow loans up to 90% of the value for electric vehicles and 70% of the value for hybrid cars.
The Sri Lankan government is looking at fast tracking liberalisation through legislative reforms due to the identification of bottlenecks to investment both domestic and foreign.
A spokesperson of the Sri Lankan government has been quoted in the local media as saying that China Merchants Port Holdings (CM Port) has agreed to increase its first installment payment for leasing Sri Lanka’s southern Hambantota Port to 30% from 10% of the US$ 1.1 billion deal.
Hapag-Lloyd India has expressed support to the government’s move to liberalize the country’s shipping and logistics industry.
The World Bank has called on Sri Lanka to implement gender equal labor laws and non-discriminatory policies, provide childcare and better prepare girls for employment to encourage more women to join the workforce.
“Invest Sri Lanka Investor Forum”, organized by the Colombo Stock Exchange and the Securities and Exchange Commission of Sri Lanka in association
Board of Investment Sri Lanka, is the central facilitation point for all investors in Sri Lanka. The BOI was established in 1978 as the investment promotion arm
Sri Lanka has taken measures to draft a bio safety bill with the purpose to counteract the effects of organism that are released as a product of the gene technology.
Sri Lanka and Bangladesh are working on setting up a Free Trade Agreement that is scheduled to be signed for the year 2018. According to many sources this FTA has been in the works for some time and will also be Bangladesh’s first FTA
Sri Lanka and China have maintained relationships with each country spanning several hundred years. China has also been a key player in the recent infrastructure development of the Sri Lanka.
The Policy Development Office of Sri Lanka has reportedly said that steps are being taken to publicize regulations related to all adventure tourism activities in Sri Lanka.
Sri Lanka’s Finance Ministry is to make provisions to create a credit scheme with the allocation of Rs. 15 billion in target sectors for low interest loans to fund modernization and expansion of enterprises.
The government of Sri Lanka is reportedly making arrangements to buy at least 70,000 hybrid and electric cars in the next seven years in line with its cleaner energy policy
The Finance Ministry of Sri Lanka has reportedly stated that Japan has made the highest commitment out of the US$1,187.2 million pledged by foreign development partners
The European Union (EU) is to give a grant of Rs. 5.4 billion for programmes aimed at poverty reduction in Sri Lanka’s Central and Uva Provinces.
The Central Bank of Sri Lanka data has reportedly shown that the country’s gross official reserves have improved to US$ 7,489.98 million by end October from US$ 7,288.12 million
Sri Lanka’s largest business chamber, the Ceylon Chamber of Commerce (CCC) has welcomed the budget for 2018 while calling on the government to end the practice of overnight tax changes.
Maersk Line – The largest container shipping line globally and a market leader in Sri Lanka – fully supports the 2018 budget proposals made by Finance Minister Mangala Samaraweera
The Central Bank of Sri Lanka (CBSL) has stated that on yearly basis the Land Price Index for the period ending June 2017 has increased 12.6 percent
The government of Sri Lanka has reportedly retained most of the protection provided to the local ceramic industry through import tariffs.
The government of Sri Lanka is looking at pushing for private public partnerships (PPPs) to develop several domestic airports to help further strengthen the tourism industry.
Sri Lankan cabinet recently approved a proposal to take over 80 acres of land to develop the Aero City project.
The government of Sri Lanka has proposed the slashing of taxes on electric cars by Rs. 1 million as well as electric buses in the Budget 2018. Tax cuts will also be cut for electric three wheelers.
Sri Lanka’s Finance Minister Mangala Samaraweera says the government will move to lift foreign investor restrains on listed companies owning land.
Finance Minister of Sri Lanka, Mangala Samaraweera says the government will remove restrictions on foreign ownership of ship agency and freight forwarding businesses.
A report in the Modern Power systems website states that the Asian Development Bank (ADB) is to support the construction of a 100 MW wind farm in Sri Lanka with a US$ 200 million loan.
The Diesel and Motor Engineering PLC (DIMO) has reportedly signed an agreement with the Ministry of Skills Development and Vocational Training to train 150 Combined Harvester Operators under the Ministry’s Employment Linked Training Programme (ELTP).
Rating agency, Fitch Ratings has reportedly said that Sri Lanka’s self-service supermarket chains are set to grow with more people
Sri Lanka’s Prime Minister Ranil Wickremesinghe says that Sri Lanka will enter into a joint venture with India to operate the country’s second international airport in Mattala.
Sri Lanka’s Minister of Telecommunication and Digital Infrastructure Harin Fernando has said the Ministry is planning on launching an “Incubator Programme” next January in order to boost local start-ups.
The government of Sri Lanka is reportedly gearing at establishing an interim departure terminal at the Bandaranaike International Airport (BIA) at a cost of approximately US$12 million.
Sri Lanka Mineral Sands (SLMS) is looking at a modernizing plan by establishing a new fund to finance its daily operational costs along with the modernization of machinery and purchase plants to increase production.
Professionals in the transport sector are reportedly urging the government of Sri Lanka to give priority to rail transport.
According to reports
The government of Sri Lanka is reportedly looking at acquiring modern technology in order to search for ground water and new drilling equipment during drought periods.
The government of Sri Lanka is reportedly looking at the possibility of a Vietnam style “equitization” of state enterprises where the public can become shareholders.
The government of Sri Lanka has entered into a framework agreement for international trade and investment with Australia during the Australia Prime Minister’s recent visit to Sri Lanka.
A global ranking has reportedly recorded that Sri Lanka’s Colombo Port has moved up two places to become the 25th busiest container port.
The government of Sri Lanka has reportedly pledged to look at a more proactive reform process to mitigate risks in order to speed up economic progress.
Sri Lanka Tourism has recently conducted a major tourism promotional event in Bahrain in close coordination with the embassy of Sri Lanka in the Kingdom of Bahrain
The government of Sri Lanka has reportedly assigned two South Korean engineering consultancy firms to conduct a pre-feasibility study for six planned Light Rail Transit (LRT) systems
The World Bank’s latest half-yearly flagship report on the country’s economy, future outlook and policy priorities, Sri Lanka Development Update states that to sustain growth,
Asia Pacific Region Managing Director Robin Colgan has reportedly said Sri Lanka has raced to become one of the fastest growing markets for the world-famous Jaguar Land Rover brands.
The State of Qatar and Sri Lanka have reportedly refocused on breaking their present low trade threshold and is looking at moving towards crucial trade engagement in agriculture, power and investment.
Official data of the Sri Lankan government has indicated that lagging regions in the country have grown faster than the most populated Western Province in 2016.
Sri Lankan producers are to receive the opportunity to export their goods to ‘Fulfillment by Amazon’ (FBA) centres in mature online markets such as the USA and UK.
Sri Lanka is reportedly in the process of securing the services of Destination Marketing Companies (DMCs) in foreign countries in
The Lanka Powerboat Association (LPA) is reportedly planning on unveiling a unique, action packed powerboat weekend schedule for both Formula 2 (Super Cat) and P750/Thundercat powerboats in Bentota