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News

Sri Lanka to meet 90% of the yellowfin tuna fish exports to the EU this year
20 Jan

Sri Lanka to meet 90% of the yellowfin tuna fish exports to the EU this year

The European Union (EU) has given Sri Lanka a quota of 5,600 tonnes of yellowfin tuna fish for this year and Sri Lanka’s State Ministry of Ornamental Fish,

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Sri Lanka’s rubber exports overtake tea sector earnings says minister
20 Jan

Sri Lanka’s rubber exports overtake tea sector earnings says minister

Sri Lanka’s Minister of Plantation Ramesh Pathirana has reportedly stated that due to a series of initiatives taken to boost the local rubber sector by the government of Sri Lanka, the segment will soon overtake tea sector earnings.

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Sri Lanka revises domestic ‘value addition’ criteria of assembled vehicles
20 Jan

Sri Lanka revises domestic ‘value addition’ criteria of assembled vehicles

The government of Sri Lanka has reportedly revised the domestic ‘value addition’ criteria of assembled vehicles following discussions with the industry

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Sri Lanka’s Pelwatte Milk Industries receives state land to promote dairy industry
20 Jan

Sri Lanka’s Pelwatte Milk Industries receives state land to promote dairy industry

Sri Lanka’s Cabinet of Ministers has recently approved a proposal to transfer an extent of 22 hectares of state land

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Sri Lanka’s BOI enters agreement for a US$ 3 million brand-new apparel manufacturing plant
20 Jan

Sri Lanka’s BOI enters agreement for a US$ 3 million brand-new apparel manufacturing plant

The Board of Investment (BOI) of Sri Lanka has reportedly reached an agreement with Mila Fashion, which is part of the Design Studio group, to set up a brand-new apparel manufacturing plant in Welioya

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Sri Lankan government to sign MoU to link Export Production Villages with international markets
20 Jan

Sri Lankan government to sign MoU to link Export Production Villages with international markets

The government of Sri Lanka has decided to grant approval for two State Ministries to sign a memorandum of understanding (MoU) to take forward a project initiated by the government to link selected Export Production Villages (EPVs) with international markets.

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GRI launches second phase of US$ 100 million project on new manufacturing facility in Sri Lanka
20 Jan

GRI launches second phase of US$ 100 million project on new manufacturing facility in Sri Lanka

Global Rubber Industries (GRI) has reportedly commenced 2021 on a very positive note by laying the foundation stone for the second phase of a US$ 100 million project with a new manufacturing facility in Badalgama,

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Sri Lankan authorities preparing to reopen country’s borders
20 Jan

Sri Lankan authorities preparing to reopen country’s borders

Sri Lanka’s airport and aviation as well as tourism industry stakeholders are reportedly making preparations to reopen the country’s borders and resume international tourism in the country from Thursday (21)

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Sri Lanka and Vietnam to focus on cooperation in agriculture and fisheries sectors
19 Jan

Sri Lanka and Vietnam to focus on cooperation in agriculture and fisheries sectors

Ambassador of Vietnam in Colombo Pham ThiBich Ngoc has reportedly noted that Sri Lanka and Vietnam have immense potential for cooperation in the agriculture and fisheries sectors

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Sri Lanka Tea Board to set up 5G-powered platform in China for Ceylon Tea
19 Jan

Sri Lanka Tea Board to set up 5G-powered platform in China for Ceylon Tea

Sri Lanka’s Cabinet of Ministers has this week approved the entering in to a Memorandum of Understanding (MoU) between Sri Lanka Tea Board and Fujian Star China International Trade Company to market Pure Ceylon Tea on a 5G-powered platform in China.

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Sri Lanka’s President announces joint venture with India’s Adani Group to develop Colombo Port’s ECT
19 Jan

Sri Lanka’s President announces joint venture with India’s Adani Group to develop Colombo Port’s ECT

Sri Lanka’s President Gotabaya Rajapaksa has assured trade union representatives of the Colombo Port that ownership of the East Container Terminal (ECT) will be retained

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Seven international airlines announce plans to operate scheduled flight to Sri Lanka
19 Jan

Seven international airlines announce plans to operate scheduled flight to Sri Lanka

A total of seven international airlines have reportedly announced plans to operate scheduled flights to Sri Lanka once the airport reopens on 21 January

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Sri Lanka’s main international airport receives health and safety certification from ACI
15 Jan

Sri Lanka’s main international airport receives health and safety certification from ACI

Sri Lanka’s main international airport, the Bandaranaike International Airport in Katunayake, has reportedly been certified as having complied

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Sri Lankan mission in Germany promotes resumption of tourism in the island
15 Jan

Sri Lankan mission in Germany promotes resumption of tourism in the island

The Sri Lankan mission in Germany has carried out a programme to promote the re-opening of the country for global tourists from next week

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Sri Lanka receives 35.75 million Euros in three grants from the EU
15 Jan

Sri Lanka receives 35.75 million Euros in three grants from the EU

The European Union (EU) has reportedly announced the signing of three grants worth EUR 35.75 million (Rs. 8.26 billion) with Sri Lanka,

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Sri Lanka’s Colombo Port City attracts attention of world renowned financier Nathaniel Rothschild
15 Jan

Sri Lanka’s Colombo Port City attracts attention of world renowned financier Nathaniel Rothschild

World-renowned financier and a member of the Rothschild family, Nathaniel Rothschild, who was on a brief visit to Sri Lanka this week, had reportedly paid a visit to the Port City in Colombo.

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Sri Lanka opens South East Asia’s largest tyre manufacturing factory
15 Jan

Sri Lanka opens South East Asia’s largest tyre manufacturing factory

Sri Lanka’s President Gotabaya Rajapaksa opened Southeast Asia’s largest tyre manufacturing facility – Forentino Tyre (Pvt) Limited – in Wagawatte Export Processing Zone on Thursday (14).

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Thailand to explore investment opportunities in Sri Lanka
15 Jan

Thailand to explore investment opportunities in Sri Lanka

Ambassador of Thailand in Sri Lanka Chulamanee Chartsuwan has informed Sri Lanka’s Foreign Affairs Minister Dinesh Gunawardena that Thailand has

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Sri Lanka commences exporting seafood to the Ukraine from Mattala Rajapaksa International Airport
15 Jan

Sri Lanka commences exporting seafood to the Ukraine from Mattala Rajapaksa International Airport

Sri Lanka has reportedly commenced the exporting of seafood to Ukraine via a new route from the Mattala Rajapaksa International Airport (MRIA) in the country’s Southern province to Kiev operated by SkyUp Airlines.

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Sri Lanka’s business sector discuss improving Indo-Lanka economic engagement
15 Jan

Sri Lanka’s business sector discuss improving Indo-Lanka economic engagement

Sri Lanka’s top businessmen have last week discussed with Indian External Affairs Minister Dr. S. Jaishankar a number of proposals to improve Indo-Lanka economic engagement including the early resumption of tourism.

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Sri Lanka’s Ceylinco Radiation Treatment Centre invests in upgrading facility
13 Jan

Sri Lanka’s Ceylinco Radiation Treatment Centre invests in upgrading facility

The Ceylinco Radiation Treatment Centre in Sri Lanka, which is the only private hospital in the country to offer Brachytherapy (internal radiation) for the treatment of cancer,

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Sri Lanka’s Browns Investments crosses Rs. 4 billion mark in turnover
13 Jan

Sri Lanka’s Browns Investments crosses Rs. 4 billion mark in turnover

Browns Investments PLC of Sri Lanka has reportedly crossed Rs. 4 billion in turnover recently as total market turnover was Rs 9.1 billion.

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Sri Lanka to look for an investor to complete East Container Terminal of the Colombo Port
13 Jan

Sri Lanka to look for an investor to complete East Container Terminal of the Colombo Port

Sri Lanka’s Ports and Shipping Minister Rohitha Abeygunawardena has reportedly said the country is looking for an investor to complete the East Container Terminal (ECT) of the Colombo Port and a report from a technical committee is awaited.

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Sri Lanka to call for bids for new oil refinery in Sapugaskanda after feasibility study
13 Jan

Sri Lanka to call for bids for new oil refinery in Sapugaskanda after feasibility study

Sri Lanka’s Energy Ministry is to reportedly call for bids for an investor to launch the project to construct a new oil refinery in Sapugakanda

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Sri Lanka Ports Authority commences construction of a new Container Freight Station at Colombo Port
13 Jan

Sri Lanka Ports Authority commences construction of a new Container Freight Station at Colombo Port

The Sri Lanka Ports Authority (SLPA) has reportedly launched a project to set up a new Container Freight Station (CFS) at the Unity Container Terminal (UCT) in the Colombo Port.

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Sri Lankan government to set up ‘one stop shop’ for investment promotion in Southern Province
13 Jan

Sri Lankan government to set up ‘one stop shop’ for investment promotion in Southern Province

The Cabinet of Ministers in Sri Lanka has reportedly approved a proposal by Sri Lanka’s Minister of Industries Wimal Weerawansa to set up a smart “One Stop Shop’ to attract foreign

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Sri Lanka’s PM notes commitment towards pro-growth policies to drive economy in 2021
13 Jan

Sri Lanka’s PM notes commitment towards pro-growth policies to drive economy in 2021

Sri Lanka’s economy has fared better than many other countries in the world in the wake of COVID-19 in 2020, with an economic growth rate of 1.5%

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Sri Lankan government launches construction of 3,000 housing units for middle-income families
13 Jan

Sri Lankan government launches construction of 3,000 housing units for middle-income families

Sri Lanka earlier this week commenced the construction of 3,000 housing units for middle-income families in the Orugodawatta in the Colombo District.

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Sri Lanka’s Hela Clothing forms joint venture in East Africa to manufacture intimate products
11 Jan

Sri Lanka’s Hela Clothing forms joint venture in East Africa to manufacture intimate products

Hela Clothing of Sri Lanka has reportedly acquired a 50% stake in Sumbiri Intimates Apparel PLC from Indonesian owner Sumber Bintang Rejeki

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Republic of Korea agrees to provide US$ 500 million to Sri Lanka for project implementation
11 Jan

Republic of Korea agrees to provide US$ 500 million to Sri Lanka for project implementation

The Republic of Korea has reportedly agreed to supply Korean Won not exceeding US$ 500 million to the government of Sri Lanka for implementing projects recognized within the period of 2020-2022.

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Sri Lanka launches first Digital Land Registry Service pilot project in Colombo
11 Jan

Sri Lanka launches first Digital Land Registry Service pilot project in Colombo

The government of Sri Lanka has reportedly launched the first Digital Land Registry Service (DLRS) at the Colombo Land Registry as a pilot project.

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Sri Lankan government confident in attracting 1.5 million tourists this year
11 Jan

Sri Lankan government confident in attracting 1.5 million tourists this year

The government of Sri Lanka has reportedly expressed confidence in attracting 1.5 million tourists this year with the re-opening of

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Sri Lanka’s stock market gets off to a bullish start in 2021
08 Jan

Sri Lanka’s stock market gets off to a bullish start in 2021

The Colombo stock market in Sri Lanka has reportedly gotten off to a bullish start on the first trading day of 2021 by posting sharp gains and boosting its value by Rs. 53 billion.

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Sri Lanka’s Eastern Province tourism sector explores new avenues to develop industry
08 Jan

Sri Lanka’s Eastern Province tourism sector explores new avenues to develop industry

Tourism sector stakeholders in Sri Lanka’s Eastern Province are exploring new methods to increase the tourism industry in the area.

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China says Belt and Road Initiative remains strong despite Covid 19
08 Jan

China says Belt and Road Initiative remains strong despite Covid 19

China’s Belt and Road Initiative (BRI) has reportedly not been affected by the global Covid-19 pandemic and most projects under

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Sri Lankan government sets up Bamboo Timber Training and Development Center
06 Jan

Sri Lankan government sets up Bamboo Timber Training and Development Center

The government of Sri Lanka last month set up the Bamboo Timber Training and Development Center that was declared open on December 21, 2020

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Sri Lanka records US$ 800 million in FDIs for 2020 despite Covid 19 challenges
06 Jan

Sri Lanka records US$ 800 million in FDIs for 2020 despite Covid 19 challenges

Sri Lanka’s Board of Investment (BOI) has reportedly stated that the country has secured US$ 800 million in foreign direct investments (FDIs) in 2020 despite the global Covid 19 pandemic.

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English cricket team commences tour in Sri Lanka to play two test matches
06 Jan

English cricket team commences tour in Sri Lanka to play two test matches

The English cricket team has arrived in Sri Lanka to play two a test series against the Sri Lankan cricket team in Galle.

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Sri Lanka’s EDB records export earnings of US$ 11.84 billion in first 11 months of 2020
06 Jan

Sri Lanka’s EDB records export earnings of US$ 11.84 billion in first 11 months of 2020

Chairman of Sri Lanka’s Export Development Board (EDB) Suresh de Mel has reportedly said the country has achieved 88.5% of

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Sri Lanka’s sugar market to receive boost through foreign investment
23 Dec

Sri Lanka’s sugar market to receive boost through foreign investment

Sri Lanka’s sugar market is expected to receive a boost with the final leases for the Kantale Sugar Factory being

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Korean based shipping line expands services to Sri Lanka
23 Dec

Korean based shipping line expands services to Sri Lanka

Heung A Line headquartered in South Korea is to reportedly launch their maiden service (SIS/CI6) into Sri Lanka with their

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Sri Lanka to launch pilot tourism project to bring in US$ 10 million
23 Dec

Sri Lanka to launch pilot tourism project to bring in US$ 10 million

Sri Lanka has reportedly decided to open the country’s airport for tourism from December 29 to accommodate Russian region based tourists

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Chinese envoy in Sri Lanka says more Chinese investments to enter the island
22 Dec

Chinese envoy in Sri Lanka says more Chinese investments to enter the island

Chinese Ambassador to Sri Lanka Qi Zhenhong has reportedly called on Speaker Mahinda Yapa Abeywardena earlier in the week and

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Sri Lanka’s Browns Investments acquires controlling stake of Serendib Hotels Plc
22 Dec

Sri Lanka’s Browns Investments acquires controlling stake of Serendib Hotels Plc

Browns Investments PLC (BI), which is the strategic investment arm of Sri Lanka’s LOLC Holdings PLC, recently announced the acquisition

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Sri Lanka’s Power Ministry and Board of Investment to attract investors for power generation projects
22 Dec

Sri Lanka’s Power Ministry and Board of Investment to attract investors for power generation projects

Sri Lanka’s President Gotabaya Rajapaksa has called on the country’s Board of Investment (BOI) and Power Ministry to join forces

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Sri Lankan government to look at promoting sports tourism next year
22 Dec

Sri Lankan government to look at promoting sports tourism next year

Sri Lanka’s tourism authorities are to look at submitting fresh proposals for the promotion of sports tourism in a bid

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Sri Lanka to permit international charter and commercial flights from December 26th
18 Dec

Sri Lanka to permit international charter and commercial flights from December 26th

Sri Lankan authorities have announced plans to open the country’s borders for limited activities and permit charter and commercial flight from December 26th.

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Sri Lanka to set up Rs. 365 million international gem and jewellery trade center
18 Dec

Sri Lanka to set up Rs. 365 million international gem and jewellery trade center

The government of Sri Lanka has decided to construct an international gem and jewellery trade center in Ratnapura at a cost of Rs 365 million

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Sri Lankan government targets US$ 2.5 billion in foreign investments next year
18 Dec

Sri Lankan government targets US$ 2.5 billion in foreign investments next year

The government of Sri Lanka is targeting US$ 2.5 billion in foreign direct investments (FDIs) in 2021, with several commitments already being made,

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Sri Lanka’s manufacturing sector shows rebound in November
18 Dec

Sri Lanka’s manufacturing sector shows rebound in November

The latest Purchasing Managers Index (PMI) released by the Central Bank of Sri Lanka has reportedly noted that the Manufacturing sector has shown a rebound in Novembe

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