Daily FT: Sunshine Holdings PLC is to fully acquire its energy arm as it continues to divest another subsidiary.
Sri Lanka’s Finance Minister Basil Rajapaksa is engaged in aggressively pushing methods to increase the country’s foreign exchange earnings
Sri Lankan renewable energy company, WindForce PLC, is reportedly planning on investing Rs. 265 million to acquire Sky Solar Ltd.,
Nestlé had also recorded a growth in earnings for 2Q 2021 up by 41.9% YoY to Rs. 844.3 million compared to Rs. 594.9 million
Kuwait Airways is to re-commence flights to Colombo from this week and will operate one flight per week between the two countries.
The world’s first integrated safety, security and mobility operating system, Restrata, has partnered with One in a Million Ltd. to provide technology as part of a wider project aimed at bringing tourists back to Sri Lanka.
Sri Lanka has been listed among the latest list of ‘Top 25 Islands in the World’ for holidaymakers by the influential Travel+Leisure (T+L) magazine.
Sri Lanka’s Expolanka Holdings Plc, which has been reported as the most profitable and valuable listed corporate, is moving ahead
Sri Lanka’s President Gotabaya Rajapaksa has recently underscored the importance of the tourism industry gradually opening up
Sri Lanka’s Maga Engineering has reportedly commenced construction of a 10-storey medium-rise housing complex as part of the Government’s Railway
Sri Lanka’s tourism authorities have revealed that there had been a sharp increase of 107% in tourist arrivals to the country in August despite the Covid 19 lockdown.
Daily FT: In a proactive move, Sri Lanka’s Ministry of Finance has taken the initiative to woo foreign direct investments (FDIs), launching an important compilation of new opportunities in Sri Lanka for global firms.
Sri Lanka’s Urban Development Authority (UDA) is reportedly looking at launching a hotel project covering some areas of the Welikada Prison
Sri Lanka’s Cabinet of Ministers has approved the proposal by the country’s Minister of Agriculture to provide lands belonging to the National Livestock Board (NLB)
The government of Sri Lanka is to set up a Mahaweli Special Economic Zone covering four Districts in the country – Kurunegala, Puttalam, Anuradhapura and Matale. The move is aimed at enhancing rural development
Sri Lanka’s Energy Minister Udaya Gammanpila has revealed that there are oil and gas resources worth US$ 267 billion in the Mannar Basin.
Sri Lanka’s Union Assurance PLC has recorded a 65% growth in the first half (1H) of the financial year amidst the impact of the Covid 19 pandemic.
Sri Lanka’s BPPL Holdings PLC, which is a brush and recycled plastic products manufacturer, has reportedly recorded consolidated revenue by 31% year-on-year (YoY) to Rs. 3.4 billion.
Sri Lanka’s Board of Investment (BOI) has recently entered into a supplementary agreement with Jay Jay Mills Lanka to lay
Sri Lankan authorities are currently in the process of setting up 500 production villages that assist the self-employed and start-ups around the island
Representatives of Sri Lanka tourism have this week held a discussion with Russian journalists and representatives of tourism organisations in a bid to promote Sri Lanka’s tourism industry.
Sri Lanka’s Central city of Dambulla has witnessed the opening of Occidental Paradise Dambulla, which is a 67 bedroom four start hotel, under the Barceló Hotel Group.
Sri Lankan based Wire Communication Consultancy (WCC) Group has expanded its services to Maldives, Australia and New Zealand as part of its accelerated growth momentum.
Despite a surge in Covid 19 in the Country, earnings of many sectors in Sri Lanka have recorded an increase in the June 2021 quarter earnings by 116% YoY to Rs. 76.3 billion.
The High Commissioner of Sri Lanka to Kenya Velupillai Kananathan has recently visited Sri Lanka’s Hela Clothing factory in Nairobi as part of the High Commission’s economic diplomacy.
Sri Lanka’s manufacturing and exports sectors, especially the apparel exports industry has shown a growth momentum amidst facing the impact ,
Sri Lanka’s Finance Minister Basil Rajapaksa has requested members of a high-level Chinese delegation to facilitate the expansion of industries such as garments, tea and gems to enter the Chinese market under the Sri Lanka-China Free Trade Agreement.
A joint venture of Sri Lanka’s Hayleys Group with S&T Oman – S&T Interiors – has secured the Rs. 1.94 billion 253 guest room refurbishment project of Hilton Colombo.
Sentiment in corporate circles on Sri Lanka’s business confidence has bounced back despite the multitude of challenges. In a mid
Sri Lanka Tourism has taken steps to live stream the Kandy Esala Perahera in seven different languages,English, Sinhala, Tamil, Thai, Chinese
Sri Lanka’s Trade Ministry has identified local apparel supplier and wholesaler of apparel, Dasa Group of companies, as a potential
The philanthropic initiative ‘DP Education’ launched by Sri Lankan billionaire businessman Dhammika Perera has attracted 500,000 students in record time
Sri Lanka’s foreign reserves are to receive a fresh impetus of over US$ 1.2 billion following several foreign inflows.
Sri Lanka awards two year barge service supply deal for Lakvijaya coal power plant to Indian company
India’s Gujarat-based Shreeji Shipping Ltd. has reportedly been awarded the two-year contract to supply automatic barge services to Sri Lanka’s Lakvijaya Coal Electricity Plant
Sri Lanka has taken steps to expedite steps to achieve the target of 70% renewable energy share in the country’s power generation by 2030
The government of Sri Lanka has approved a mega US$ 783 million venture in the country’s North Central Province to grow aloe vera for export of derived herbal products.
Sri Lanka needs to add an estimated 11,000 MW to its power grid within the next two decades to meet growing demand. Adding large-scale floating solar plants would not only make electricity greener
Sri Lanka’s LOLC Holdings has reportedly expanded its global footprint with three parallel investments being made in Tajikistan, Malawi and Tanzania.
Sri Lanka has decided to invest over Rs. 750 million to step up the country’s first organic supermarket chain covering the entire island
Bangladesh has released a further US$ 100 million more out of the US$ 200 million to Sri Lanka under the swap arrangement, increasing the total to US$ 150 million, the Bangladeshi media has reported.
Sri Lanka’s Foreign Minister Prof. G.L. Peiris has invited Germany to further optimize investment and trade opportunities in Sri Lanka through foreign direct investments (FDIs).
Sri Lanka Institute of Nanotechnology Ltd. (SLINTEC) has formulated a post-harvest technology that scavenges the ethylene hormone that causes fruit and vegetable ripening.
The government of Sri Lanka has taken steps to revise the current export charges imposed by the National Gem and Jewellery Authority (NGJA) in order to facilitate online trading.
Sri Lanka’s tourism authorities are drawing up a place to make a fresh effort to attract more tourists from Russia
The government of Sri Lanka, in a bid to promote the local production of organic fertilizer, has decided to allocate
The government of Sri Lanka has decided to attract long-stay travellers by issuing tourist visas valid for six months to those applying via the electronic system.
The government of Sri Lanka has reportedly decided to fast track the progress of over 300 large scale development projects valued at Rs. 1.7 trillion.
Emirates Airlines has announced the resumption of flights to Sri Lanka from next month. The airline has stated that the Colombo-Male service will commence from September 1st.
Sri Lanka’s Tourism Ministry has stated that tourists in the country will be allowed to travel unrestricted despite the Covid 19 lockdown.
Gas World Ltd. (GWL), which is a wholly owned subsidiary of Industrial Gases Ltd. (IGL), has decided to increase the