Author Archive for Business

Sri Lankan business community expects new President to deliver reform, attract investment

Monday, November 18th, 2019

By Shiran Illanperuma Xinhua Courtesy NewsIn.Asia COLOMBO, Nov. 18 (Xinhua): Sri Lanka’s business community has expressed hope that the country’s new president would move forward with open market reforms, provide a conducive environment for local industries and attract foreign direct investments. Sri Lanka’s Elections Chief Mahinda Deshapriya on Sunday afternoon confirmed that opposition candidate Gotabaya […]

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Sri Lanka showcases its Digital Potential in Thailand’s Big Bang 2019

Thursday, October 31st, 2019

Embassy of Sri Lanka, Bangkok Adding boost to Sri Lanka’s growing potential as an emerging world ICT destination of choice, the Embassy of Sri Lanka in Bangkok together with the Department of Commerce of Sri Lanka, organized for the first time, the participation of Sri Lankan IT companies in the ‘Digital Thailand-Big Bang 2019 Exhibition’ […]

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Interview: Sri Lankan tea producer aims to promote organic Ceylon Tea at CIIE

Thursday, October 31st, 2019

Courtesy NewsIn.Asia Colombo, Oct. 31 (Xinhua) — One of Sri Lanka’s biggest tea producers is aiming to promote organic Ceylon Tea in the Chinese market as the island country has the world’s first certified organic tea garden in the Central Highlands, an official from the company said here Thursday. Alex David, manager of the Tea […]

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The spice of life: How cinnamon from Sri Lanka is being hailed as a new superfood in fight against diabetes

Monday, October 28th, 2019

by Toby McDonald Courtesy The  It’s the sweet-smelling spice we associate with treats at Christmas time and morish Danish pastries. But far from a luxury that will pile on the festive pounds, cinnamon could help lead the fight against diabetes – but only if it is from Sri Lanka. A sprinkle on your daily porridge […]

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India looks at overhead electricity link with Sri Lanka

Sunday, October 27th, 2019

Utpal Bhaskar Courtesy livemint.com As part of India’s strategy of creating a new energy ecosystem for the neighbourhood, the Modi govt is exploring to set up an overhead electricity link with Sri Lanka The electricity link is part of India’s strategy to negate the growing influence of strategic rival China in the Indian Ocean region, […]

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Indian tourist arrivals in Lanka are thrice the number from the second highest source: Envoy.

Friday, October 11th, 2019

Courtesy NewsIn.Asia Colombo, October 11 (newsin.asia): The Indian High Commissioner in Sri Lanka, Taranjit Singh Sandhu, said on Friday that tourist arrival figures for September this year shows that arrivals from India are about three times the number from the second-highest source. Indian tourists are back in big numbers and are driving all the supply […]

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Sri Lanka Gives Go-Ahead for $20B Refinery at Port of Hambantota

Saturday, October 5th, 2019

BY THE MARITIME EXECUTIVE 2 Courtesy  Maritime Executive The underutilized port of Hambantota, Sri Lanka is set to gain a major new tenant. The Sri Lankan government has given its approval to the Singaporean company Sugih Energy International (SEI) to build a $20 billion refinery at the port. The project’s value exceeds the total of all foreign direct investment […]

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Onion reaches eye-watering prices in Asia after India bans all export

Wednesday, October 2nd, 2019

Courtesy The Deccan Chronicle Whether it’s Pakistani curry, Bangladeshi biryani or Indian sambar, consumers have developed serious dependence on Indian onion supplies.  But last Sunday India banned all exports from India after local prices jumped to 4,500 rupees (USD 63.30) per 100 kg, their highest in nearly six years, due to the delay in summer-sown […]

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Onion prices bring tears to the eyes of Indian consumers

Wednesday, October 2nd, 2019

Courtesy Straits Times NEW DELHI – In India, the government gets the jitters when the price of onions, a staple in Indian cooking, go up. Onion prices have doubled and even tripled in many cities over the past few weeks, going for anything from 60 rupees (S$1.17) to 100 rupees (S$1.95) a kilogram, much to […]

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Global Swedish giant IKEA resumes sourcing from Sri Lanka

Monday, September 30th, 2019

Courtesy NewsIn.Asia Boasting nearly 39 b euros in global sales IKEA currently works with 50 suppliers in South Asia sourcing products worth 500 m Euros September 30 (Daily FT) – IKEA, the Swedish-founded global home furnishings and appliances giant, has resumed sourcing from Sri Lanka with a planned increase in the number of products after […]

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ජාත්‍යන්තර සිංහ සමාජ දිස්ත්‍රික් 306 A1 වෙතින් දකුණට ප්‍රජා සේවා රැසක්

Sunday, September 29th, 2019

ජාත්‍යන්තර සිංහ සමාජය  දිස්ත්‍රික් 306 A1 වෙනුවෙන්    ජාත්‍යන්තර සිංහ සමාජ දිස්ත්‍රික් 306 A1  දිවයිනේ දකුණු වෙරළබඩ කලාපයේ ප්‍රජා සේවා රැසක් දියත් කරයි.  මේ යටතේ පසුගියදා සෙල්ලකතරගම සහ බේරුවල ප්‍රදේශවල අති සාර්ථක අන්දමින් ප්‍රජා සේවා කඳවුරු දෙකක් අති සාර්ථක අන්දමින් පැවැත්වීමට  ජාත්‍යන්තර සිංහ සමාජ දිස්ත්‍රික් 306 A1 සමත් විය. සෙල්ලකතරගම මහා විද්‍යාලයේදී සහ බේරුවල මාලේවන ශ්‍රි ඥානේස්සර විහාරයේදී පැවැති […]

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WORLD ROUTES 2019: Sri Lankan tourist traffic recovers after Easter attacks

Monday, September 23rd, 2019

Adrian Schofield Courtesy Aviation Week Network Sri Lanka’s airports have seen a dramatic recovery in traffic following a steep decline in demand caused by terrorist bombings in April. Immediately after the Easter bombings of churches and hotels, inbound traffic was down by 25%-30% of previous levels, according to Sanjeewa Wijeratne, executive director of Sri Lanka’s Airport […]

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Meet the Sri Lankan women driving pink tuk-tuks in a man’s world

Thursday, August 29th, 2019

Zinara Rathnayake Courtesy Adventure.com Tourist numbers to Sri Lanka took a huge dip in the wake of the Easter Sunday bombings, but that didn’t stop these single mothers. Zinara Rathnayake visits Think Pink Sri Lanka, an inspiring new initiative that’s putting women in the driver’s seat. A salty coastal breeze and the usual early hour […]

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Sri Lanka: Agreement Signed For Oil Exploration In Eastern Basin

Wednesday, August 28th, 2019

By Eurasia Review The Sri Lankan government Tuesday inked an agreement with two energy companies from Norway and France to carry out a two-year oil and gas exploration exercise in the Eastern sea basin. The tripartite agreement between the Government of Sri Lanka, France’s Total EP and Norway’s Equinor ASA for the exploration of oil and […]

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Ceylon Graphite M1 Assay Results Show 99.2% Carbon Content

Thursday, August 22nd, 2019

GLOBE NEWSWIRE VANCOUVER, British Columbia, Aug. 22, 2019 (GLOBE NEWSWIRE) — Ceylon Graphite Corp. (Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce that it has received assay results of laboratory testing of graphite samples taken downhole in the shaft at its M1 site in the Malsiripura area in Sri Lanka. This new test result […]

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Lanka re-launches Ramayana Trail to attract tourists from India

Sunday, August 18th, 2019

Courtesy NewsIn.Asia Kochi, August 18 (The New Indian Express/newsin.asia): To attract more tourists from India, the Sri Lankan government has re-launched a Ramayana tourism circuit, which will link all temples and caves in the country associated with the Hindu epic. The initiative was presented by Sri Lanka Tourism Minister John Amaratunga at the Sri Lanka […]

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China-Lanka Buddhist Association sets up water purification plant in remote Lankan village

Friday, August 16th, 2019

Courtesy NewsIn.Asia Colombo, August 16 (Xinhua): The Sri Lanka China Buddhist Friendship Association together with the Chinese Embassy in Colombo,  have donated a drinking water purification plant to the   Moragollagama village, in Kurunegala, in Sri Lanka’s  North Western Province. A statement from the Chinese Embassy on Thursday said that the water purification facility is the […]

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Colombo’s property value to rocket following completion of mega project

Friday, August 16th, 2019

Courtesy NewsIn.Asia Colombo, Aug. 15 – With the completion of a mega China-funded port city project in capital Colombo, property value here is expected to increase within six years, a leading property report said. The report, titled Lanka Property Web, 2019, Real Estate Trend, said that with the completion of the Colombo Port City, business […]

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Sri Lanka’s Black Gold

Sunday, August 4th, 2019

By Michael Gregson Courtesy Ceylon Today Sri Lanka could soon be in for a windfall because of the worldwide surge in demand for electric cars. At least 125 million electric vehicles are expected to be travelling global highways by 2030, which means the world is going to need a lot more graphite in the coming […]

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A place to escape the crowds in Sri Lanka’s farthest south, Dondra is a beacon of tranquillity

Saturday, August 3rd, 2019

Anubhuti Krishna  Courtesy The  South China Morning Post Temples, lighthouse, beach. See them in any order and you won’t be disappointed when you visit Dondra, at the southern tip of Sri Lanka Everything here is bright: the white sands, the blue of the Indian Ocean, the green curtain of trees fringing the beach. And there’s […]

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Tatas complete first phase of US$ 40 million mass housing project in Colombo

Thursday, August 1st, 2019

Courtesy NewsIn.Asia Colombo, August 1 (newsin.asia): The first phase of the Slave Island Redevelopment Project named Metro Homes” executed by the Tatas of India, was completed on Thursday. Sri Lankan Prime Minister Ranil Wickremesinghe handed over completed houses to 626 families. 114 shops were handed over to shop owners. The families and the shop owners […]

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Sri Lanka to waive off entry visa fee for 48 countries from Aug. 1

Wednesday, July 31st, 2019

Courtesy NewsIn.Asia Colombo, July 31 (Xinhua) — Sri Lanka will begin to waive off its existing visa fee for travelers from 48 countries including China from Aug. 1 as part of the island’s efforts to attract more tourists into the country, Tourism Development, Wildlife and Christian Religious Affairs Minister, John Amaratunga said here Wednesday. In […]

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Sri Lankan government has urged UK to take back containers ‘that may contain human remains’

Wednesday, July 24th, 2019

Courtesy I-news If the presence of British human remains in the containers is confirmed, it is feared the remains may have originated from NHS hospitals Sri Lankan customs officials inspect the load of a container at a port in Colombo (Photo: AFP/Getty Images) The Sri Lankan government has urged Britain to take back more than 100 containers […]

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Sri Lanka to issue free visas for Chinese, Indian tourists from Aug. 1

Wednesday, July 24th, 2019

Courtesy NewsIn.Asia Colombo, July 24 – Sri Lanka’s cabinet of ministers has approved a proposal from the Sri Lanka Tourism Ministry to include China and India in its free visa policy which will be launched from Aug. 1, Minister of Tourism Development, Wildlife and Christian Religious Affairs, John Amaratunga said Tuesday. Addressing a media briefing […]

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Sri Lanka is sending hundreds of tons of trash — apparently including rotten human remains — back to the UK, as Southeast Asia continues its fight against Western garbage

Tuesday, July 23rd, 2019

Courtesy Business Insider Western countries have been sending their recycling to developing nations in Southeast Asia for decades. Officials in the recipient countries complain that the trash they receive is improperly labeled, and contains other types of garbage that they can’t recycle. On Tuesday, Sri Lanka ordered the return of 111 shipping containers to the […]

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How To Attract More Chinese Tourists to Sri Lanka?

Sunday, July 21st, 2019

by Ambassador Cheng Xueyuan Before being nominated as the Chinese Ambassador to Sri Lanka and arriving at the country to assume my office, I could hardly imagine that there are so many world wonders on this tropical island of over 60,000 square kilometers. The graceful lake and mountains of Kandy, the quaint and ancient city […]

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Is Sri Lanka a luxury destination?

Sunday, July 21st, 2019

The Island/Asia News Network  COLOMBO — What makes a country stand out as a Luxury Destination? The high end traveler is willing to pay a much higher price to visit a truly amazing place without any crowds so that they would be the only ones there at that moment enjoying the venue. These travelers do […]

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Indians are contributing the most to revival of Lankan tourism after Easter Sunday blasts

Sunday, July 21st, 2019

Courtesy NewsIn.Asia Colombo, July 21 (ECONOMYNEXT): Sri Lanka’s tourist arrivals have increased to an average 4,000 a day in the second week of July from 3,200 arrivals a day a week earlier, recovering further from the Easter Sunday attack with more visitors from India, a top official said. There’s a significant increase in arrivals now, […]

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Most extravagant tea service in U.K. launches for $800 a pot

Saturday, July 20th, 2019

Courtesy CTV News White glove tea service at The Rubens at The Palace (The Rubens at the Palace) Have £500 (CAD$817) to spare on a cuppa tea? A luxury hotel in London has launched the U.K.’s most expensive afternoon tea service, featuring a pot of tea made with leaves handpicked at sunrise in the highlands […]

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Hayleys Free Zone Limited denies any involvement in ‘garbage’ shipment

Saturday, July 20th, 2019

Courtesy Adaderana Hayleys Free Zone Limited (HFZ) today denied that the company has any involvement with a shipment said to be containing garbage that is lying at the Port of Colombo. Video footage of the piles of biomedical waste shipped from the UK, recorded during the observation visit made by the Central Environmental Authority (CEA), […]

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