The Colombo Tea e-Auction platform, which was formed by CICRA Solutions Lts., is reportedly celebrating its first year of operations completing Rs. 175 billion
The Sri Lanka Gem and Jewellery Association (SLGJA) has reportedly hosted its second Key Persons’ Forum for the industry in
The government of Sri Lanka is reportedly looking at increasing the subsidy given to tea plantations for re-planting from Rs. 400,000 to Rs. 500,000
The government of Sri Lanka has reportedly decided to extend the validity period of Special Deposit Accounts (SDA) that were introduced by the government
Sri Lanka’s Cabinet of Ministers has reportedly approved a proposal to set up a “digital store” in order to conserve the digital content archived
Sri Lanka’s State Minister of Money and Capital Market and State Enterprise Reforms Ajith Nivard Cabraal has reportedly stated that
A seminar on the new Port City Colombo Commission Bill: Special Economic Zone (SEZ) is to be held on 4 May at the Cinnamon Lakeside Hotel Colombo
Sri Lanka’s State Minister of Money, Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal has reportedly stated that negotiations are underway with several investors to start vehicle assembly plants in Sri Lanka.
The Government is targeting Sri Lanka’s ascension to the 25th place in the Ease of Doing Business Index (EDBI) by 2025, with an aim to attract more Foreign Direct Investments (FDIs) into the country.
Sri Lanka’s Minister of Tourism Prasanna Ranatunga has reportedly stated that flights between Chennai and Jaffna, which were temporarily suspended
The government of Sri Lanka has reportedly launched an integrated five-year plan to transform the Mattala Rajapaksa International Airport (MRIA) in the country’s Southern Province
Sri Lanka’s tourism sector has reportedly witnessed 4,581 tourist arrivals in March increasing the number of tourist arrivals to the country in the first quarter to 9,629.
The government of Sri Lanka has reportedly unveiled the draft National Agriculture Policy aimed at achieving the vision of “sustainable food security to achieve national prosperity
Sri Lanka’s Cabinet of Ministers has reportedly granted approval to a proposal to establish a radioactive drug manufacturing center at the Kotelawala Defence University (KDU) Hospital in Colombo
The Sri Lanka-Korea Business Council of the Ceylon Chamber of Commerce (CCC) had recently held a dinner meeting at the
The Colombo Stock Exchange (CSE) has said the success of Windforce Ltd.’s IPO demonstrated strong appetite among investors in Sri Lanka, the CSE has noted in a statement.
Sri Lanka’s Cabinet of Ministers has reportedly granted approval for land allocations in nine industrial zones around the country for fresh investment projects.
Sri Lanka’s CEAT Kelani Holdings has reportedly announced a significant increase in production that will more than double the number of Truck Bus Radial (TBR) tyres reaching the domestic market by June this year.
Sri Lanka’s Cabinet of Ministers has reportedly granted approval to construct four colour-coded elevated railway tracks that will connect Colombo to its most populous suburbs.
Blackstone Group, one of the world’s leading private equity firms, has reportedly entered Sri Lanka, buying a 56.45% stake in Piramal Glass Ceylon PLC for Rs. 6.2 billion
Renewable energy giant Windforce Ltd.’s Initial Public Offering (IPO) worth Rs. 3.2 billion, biggest in nine years, has seen an oversubscription of eight times triggering a demand worth nearly Rs. 26 billion
Sri Lanka’s premier domestic airline, Cinnamon Air, is to reportedly resume domestic charter flight operations from April after a long halt brought about by the global Covid 19 pandemic.
The government of Sri Lanka has reportedly gazetted a Bill to provide for the establishment of the Colombo Port City (CPC) Special Economic Zone and is to be presented to Parliament this April.
Star Garments Group (Star), which is a leading global manufacturing company, has reportedly established a state-of-the-art factory in the Buttala area in Sri Lanka.
The Board of Investment (BOI) of Sri Lanka and the European Union (EU) had recently discussed the early revival of the Investor Dialogue to ensure improved facilitation and promotion.
National Development Bank (NDB) PLC has reportedly been named as Sri Lanka’s Best Bank 2021 by the prestigious Global Finance Magazine of USA
Sri Lanka’s CEAT Kelani Holdings has reportedly announced that it had increased production of Passenger Car Radial (PCR/van) tyres by 72,000 tyres a year
Sri Lanka’s export earnings have reportedly recorded a 2.52% growth resulting in a new high of US$ 993.73 million this February from a year earlier,
The Lanka Indian Oil Company (LIOC) PLC is to reportedly invest Rs. 400 million to build a grease manufacturing plant in Sri Lanka’s Eastern district of Trincomalee with over Rs. 300 million already being invested for the project
Sri Lanka’s State Minister for Money and Capital Market and State Enterprise Reforms, Ajith Nivard Cabraal has reportedly stated that the country will achieve a 3.6% economic growth rate in 2021
Sri Lanka’s State Minister for Regional Cooperation Tharaka Balasuriya along with Sri Lanka’s Board of Investment (BOI) Chairman Sanjaya Mohottala and Sri Lanka’s High Commissioner in Bangladesh Prof. Sudharshan Seneviratne
Sri Lanka Prime Minister Mahinda Rajapaksa and Bangladesh Prime Minister Sheikh Hasina last weeken held bilateral talks at the Bangladesh Prime Minister’s Office in Dhaka and several memoranda of understanding (MOUs) were signed
Sri Lanka’s state-owned SriLankan Airlines is reportedly looking at obtaining a new cargo aircraft within the next six months due to the underutilization of aero goods transportation,
The government of Sri Lanka has reportedly stated the temporary halting of the import of vehicles was not to create any hardships to the public but to create a new business vertical from Sri Lanka in the automobile sector
Sri Lanka’s Export Development Board (EDB) in collaboration with the Sri Lankan Embassy in Japan has reportedly taken steps to promote identified
The first mixed development project by Sri Lanka’s Macksons Holdings, which is Macksons Tower by Macksons Developers, was recently launched in the city of Colombo.
A recent Chartered Financial Analysts (CFA) webinar held in Sri Lanka recently has reportedly noted that corporate earnings of listed companies
Sri Lanka’s Telecommunication Regulatory Commission (TRC) is reportedly looking at commencing the 5G spectrum auction by the end of the year.
The Board of Investment (BOI) of Sri Lanka has reportedly stated that it would facilitate potential investors who wish to visit the country through the bio-security bubble option.
Prominent Russian business tycoon Andrey Melnichenko has recently visited the Port City Colombo
Farook Kassim, who is the Managing Director of Al Bogari Holdings, a Dubai-based trading and investment firm, is upbeat on Sri Lanka’s growth prospects and investment opportunities
Sri Lanka’s President Gotabaya Rajapaksa has reportedly stated that the government of Sri Lanka is well aware of the challenges faced by the country’s apparel industry and has assured fullest support to enhancing productivity and quality
Sri Lanka’s pioneering tyre manufacturer, AMW Manufacturing, has reportedly risen above the challenges of the past year with a very positive outlook for 2021.
Indian business tycoon Gautam Adani has reportedly expressed his gratitude to Sri Lankan leaders for providing the opportunity to develop the West Container Terminal (WCT) in the Colombo Port.
Sri Lanka’s Coconut Development Authority (CDA) is reportedly in the process of developing a new method of producing eco-friendly and sustainable coconut shell charcoal in hopes of introducing the product to the European market as “activated carbon.”
Sri Lanka’s export target for the batik, handloom and local apparel industry has been set at US$ 6 billion in 2021, according to The Morning.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) has reportedly noted that Sri Lankan organic exporters could become strategic suppliers to the German market for organic food which is one of the fastest-growing markets worldwide and the largest one within the European Union (EU).
Sri Lanka last week witnessed the opening of the first phase of Colombo city’s iconic residential apartment complex – Altair.
Sri Lankan authorities are planning to set up an aircraft and maintenance and repair overhaul (MRO) unit, a transit hotel, expand duty free services at Mattala Rajapaksa International Airport
China last week approved the long-awaited US$ 1.5 billion swap that is expected to boost Sri Lanka’s flagging reserves, State Minister of Money, Capital Markets, and State Enterprise Reform Ajith Nivard Cabraal has reportedly stated.