Sri Lanka showcases tourism potential at IFTM Paris 2024
Daily FT: Sri Lanka made a strong impression at this year’s International French Travel Market (IFTM) in Paris, showcasing the
03
Oct
News
03
Oct
CBL Global Foods and USAID join forces to transform Sri Lanka’s coconut industry
Daily FT: CBL Global Foods Ltd., (CBL GFL) – a key player in Sri Lanka’s agribusiness sector and a subsidiary
03
Oct
Korea reaffirms commitment to support Sri Lanka
Daily FT: The Korean Government has affirmed its commitment to fully support the transparency agenda of Sri Lanka under the
03
Oct
Sri Lanka’s export earnings pass $ 1.1 billion in August
The Morning: As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in August 2024
03
Oct
Sri Lanka’s IT sector to participate at GITEX Expand North Star in October
Daily FT: The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka Consulate General in Dubai, UAE,
03
Oct
Japan to restart 11 stalled projects in Sri Lanka
Daily FT: The Japanese Ambassador to Sri Lanka, Mizukoshi Hideaki, affirmed that the Japanese Government is committed to fully supporting
03
Oct
Sri Lanka’s Jetwing expands organic tea footprint
Daily FT: Jetwing acquired the Uva Ben Head Tea Estate in Welimada in 2022 with a mandate to produce premium
03
Oct
Sri Lanka evaluates offers for Trincomalee Oil Tank Farm
The Morning: The Government is currently evaluating offers submitted by several prospective investors for the joint development of the Trincomalee
01
Oct
Japan resumes yen loans to Sri Lanka
The Morning: The Japan International Cooperation Agency (JICA) has commenced the disbursement of funds to Sri Lanka under all suspended
01
Oct
Sri Lanka’s manufacturing PMI 55.5 in August, signals activity expansion
The Morning: Sri Lanka’s purchasing managers’ index (PMI) for manufacturing was 55.5 in August, indicating an expansion in manufacturing activities,
01
Oct
Sri Lanka’s Brown and Co. acquires Isin Lanka for Rs. 1.5 billion
The Morning: Brown and Company PLC has announced the acquisition of 100% shareholding in Isin Lanka (Private) Limited, solidifying a
01
Oct
Tender announcement for BIA expansion project phase II
The Morning: Airport and Aviation Services (Sri Lanka) (Private) Limited (AASL) announced the tender for Bandaranaike International Airport Development Project
30
Sep
German government official visits Hambantota International Port
The Morning: German Federal Ministry for Economic Affairs and Climate Action, Berlin, South Asia and Southeast Asia Division Head and
30
Sep
Board of Investments holds investor roundtable on investments
The Morning: The Board of Investments of Sri Lanka (BOI) successfully hosted an investor roundtable titled ‘Supporting Sri Lanka’s Recovery
30
Sep
Sri Lanka’s WindForce ups stake in Siyambalanduwa solar project
The Morning: WindForce PLC has announced a development in its clean energy portfolio with an increase in its shareholding in
30
Sep
Japanese delegation explores Sri Lanka for potential investment opportunities
The Morning: A high-level delegation from Mirai Consulting Group, Japan, recently visited Sri Lanka to explore potential investment opportunities in
26
Sep
Sri Lanka Convention Bureau awarded ‘Most Promising MICE Destination’ at BLTM India 2024
Daily FT: At the three-day Business, Leisure and Luxury Travel Mart (BLTM), which concluded in New Delhi on 31 August,
26
Sep
COYLE unveils Global Platform to empower Lankan industries on world stage
Daily FT: The Chamber of Young Lankan Entrepreneurs (COYLE) has announced the launch of the COYLE Global Platform, a visionary
26
Sep
EDB optimistic of $ 16.3 billion export target in 2024 despite global challenges
Daily FT: Despite the turbulent global economic landscape, the Sri Lanka Export Development Board (EDB) remains optimistic about achieving its
26
Sep
WAA announces SKD vehicle assembly plant in Sri Lanka
The Morning: Western Automobile Assembly Private Limited (WAA) recently opened its state-of-the-art semi-knocked down (SKD) assembly plant in Kuliyapitiya. This
19
Sep
Creating value from waste via public-private partnership
Daily FT: In light of the solid waste management challenges faced, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and three
19
Sep
Sri Lankans government asks private investors to develop key Colombo railway stations under PPP
Daily FT: The Government has called for expressions of interest (EOIs) from private investors to develop six major railway stations
19
Sep
Sri Lanka’s EDB urges value-added spice exports
The Morning: Amidst the export earnings from bulk spice exports increasing in July 2024, the government is encouraging value added
19
Sep
Vallibel Power Erathna to develop 10 MW solar project in Matara
The Morning: Vallibel Power Erathna PLC has signed a standardised power purchase agreement (SPPA) with the Ceylon Electricity Board (CEB)
19
Sep
Sterling Steels unveils new flagship brand ‘Sterling Ultra’ and next-gen roofing solution
Daily FT: Sterling Steels Ltd., a newly renamed entity emerging from the acquisition of BlueScope Lysaght Lanka Ltd. by E.B.
19
Sep
Link Natural’s Swastha Amurtha makes it to Costco Japan’s online platform
Daily FT: Link Natural Products, a pioneer in the herbal health care industry, announces that its flagship herbal drink, Swastha
19
Sep
Nagapattinam-Sri Lanka ferry service adds Saturday
The Morning: It was revealed that the passenger ferry service between Nagapattinam in Tamil Nadu and Kankesanthurai in Sri Lanka
19
Sep
Sri Lanka’s Hambantota International Port ship repairs, layups grow 53%
The Morning: There has been an exponential increase in the number of vessels arriving at Hambantota International Port (HIP) for
06
Sep
Over 100 companies join Port City Colombo
The Morning: Port City Colombo has on-boarded over 100 companies as Authorised Persons (APs), as of 24 August. These companies
06
Sep
Port of Colombo to be hub of South Asia says Sri Lanka Ports Authority
The Morning: Sri Lanka Ports Authority (SLPA) Chairperson Keith D. Bernard shared information on growth prospects for Colombo and other
06
Sep
Sri Lanka seeks Ramayana Trail tourists in Malaysia
The Morning: The High Commission of Sri Lanka in Kuala Lumpur recently hosted a fruitful engagement with the Malaysian Indian
06
Sep
Sri Lanka Telecom divests Talentfort subsidiary for Rs. 80 million
The Morning: Sri Lanka Telecom PLC (SLT) announced the successful completion of a divestment involving its subsidiary, SLT Human Capital
06
Sep
Blum India expands with experience centre in Sri Lanka
The Morning: Blum India expanded its direct presence in the subcontinent by inaugurating Prudential International (Pvt) Ltd., its first Blum
06
Sep
Sri Lanka’s Hambantota International Port posts 40% growth
The Morning: The Hambantota International Port (HIP) has experienced an increase in volumes, with a 40% growth recorded in 2024
06
Sep
Sri Lanka sets sail for high-end marine tourism with new master plan
The Morning: The Sri Lanka Tourism Development Authority (SLTDA), together with the Asian Development Bank (ADB), is looking at launching
04
Sep
Ecotourism as a growing niche market for Sri Lanka
The Morning: As global demand for sustainable travel grows, research indicates that ecotourism is becoming a major focus for many
03
Sep
Sri Lanka’s Jetwing Jungle Lodge debuts in Yala
Daily FT: In the heart of Sri Lanka’s wild coastal frontier, the newly refurbished Jetwing Jungle Lodge (formerly known as
02
Sep
‘Sri Lanka Trade Fair Dubai 2024’ to foster business growth in November
Daily FT: The highly anticipated ‘Sri Lanka Trade Fair Dubai 2024’ (www.srilankatradefair.org), a platform designed to foster business growth and
02
Sep
Sri Lanka secures $ 8 billion export revenue, signs $ 800 million investment deals in 1H of 2024
Daily FT: Investment Promotion State Minister Dilum Amunugama announced that Sri Lanka has secured an export income of $ 9
02
Sep
Sri Lanka’s JAT’s first quarter bottom-line up 77% y-o-y
The Morning: JAT Holdings PLC recently released its financials for Q1 of FY25, noting strong growth in both its top-
02
Sep
Sri Lanka assigns Rs. 30 billion Kandy multimodal transport terminal development project deal
Daily FT: The Cabinet of Ministers at their meeting recently approved awarding the contract for the rehabilitation and improvement of
02
Sep
Sri Lanka’s newest airline Air Ceilao promises to revolutionise air travel
Daily FT: A thrilling new chapter in Sri Lanka’s aviation story will unfold with the imminent launch of Air Ceilao,
02
Sep
Sri Lanka’s merchandise exports see a surge in July
The Morning: As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in July 2024
30
Aug
Ather Energy to launch e-scooters in Sri Lanka
The Morning: Ather Energy, the electric two-wheeler manufacturer, is set to expand its international footprint by entering the Sri Lankan
29
Aug
Panasian Power subsidiaries sign PPAs for five 5MW ground mounted solar PV projects
Daily FT: Panasian Power PLC has stated that Group companies have entered into Power Purchase Agreements (PPAs) for five 5MW
29
Aug
Sri Lanka, India ink MoU for LNG infrastructure in Kerawalapitiya power plant
Daily FT: A Memorandum of Understanding (MOU) was signed recently between LTL Holdings Ltd., Sri Lanka, and Petronet LNG Ltd.,
29
Aug
Sri Lanka’s WindForce PLC EBITDA up 87% reaching Rs. 1.95 billion for first quarter
The Morning: WindForce PLC reported a 87% surge in EBITDA (Earnings before interest, taxes, depreciation, and amortisation), reaching Rs. 1.95
29
Aug
Sri Lanka’s manufacturing sector continues expansion in July
The Morning: Sri Lanka’s Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 59.5 in July
22
Aug
Sri Lanka launches ambitious initiative to promote organic agriculture
Daily FT: The National Organic Control Unit (NOCU), the competent authority for organic agriculture in Sri Lanka established under the
22
Aug
Rooftop solar initiative calls for EoIs from PPPs in 300 railway stations
Daily FT: In a move aimed at expanding solar power generation, the Cabinet of Ministers recently approved a proposal to