Author Archive for Business

Sri Lanka appoints high level task force to boost tourism

Tuesday, January 21st, 2020

Courtesy NewsIn.Asia Colombo, Jan. 21 – The Sri Lankan Tourism Ministry on Tuesday appointed a seven-member high level task force to transform the island’s tourism sector into a $10 billion industry by 2030. Minister of Industrial Export, Investment Promotion, Tourism and Civil Aviation, Prasanna Ranatunga said in a statement that the task force consisted of […]

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Minister Thilanga Sumathipala gives instructions to expedite the establishment works of Timber Design Innovation Centre (TDIC) and Timber Process Innovation Centre (TPIC)

Thursday, January 9th, 2020

Media Unit State Ministry of  Technology and Innovation. The State Minister of Technology and Innovation gave instructions to the relevant officials to expedite the process of setting up a Timber Designing Innovation Centre (TDIC) and Timber Process Innovation Center (TPIC), an initiative envisaged to add value to the Sri Lankan timber industry and being implemented […]

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දැව නිර්මාණ නවෝත්පාදන මධ්‍යස්ථානය සහ දැව පිරිසැකසුම් නවෝත්පාදන මධ්‍යස්ථානය කඩිනමින් ස්ථාපනය කිරීමට ඇමති තිලංග සුමතිපාල මහතා උපදෙස් දෙයි.

Thursday, January 9th, 2020

මාධ්‍ය ඒකකය තාක්ෂණ හා නවෝත්පාදන රාජ්‍ය අමාත්‍යාංශය. ශ්‍රී ලාංකීය දැව කර්මාන්තය සඳහා අගය එකතු කිරීමේ අරමුණෙන් අමාත්‍ය මණ්ඩල අනුමැතිය යටතේ දැව නිර්මාණ නවෝත්පාදන මධ්‍යස්ථානයක් සහ දැව පිරිසැකසුම් නවෝත්පාදනමධ්‍යස්ථානයක් ස්ථාපනය කිරීමට පියවර ගෙන ඇති අතර එම කටයුතු කඩිනම් කරන ලෙස තාක්ෂණ හා නවෝත්පාදන රාජ්‍ය අමාත්‍ය තිලංග සුමතිපාල මහතා විසින් අදාල නිලධාරීන්ට උපදෙස් දෙනු ලැබීය. ශ්‍රී ලාංකීය […]

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Potential of Hambantota Port to be Maritime Hub In Indian Ocean

Thursday, January 2nd, 2020

By Captain Chandra Godakanda Arachchi, Gladstone LNG, Australia (Member of the Company of Master Mariners) Courtesy The Island January 2, 2020, 6:13 pm It’s just over two years since China Merchant’s Port Holding Company (CMPHC) leased Port of Hambantota for 99 years. China Merchant Port Holding owning eighty five per cent of the company whilst […]

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PROJECT DIRECTOR ASSURES MORAGAHAKANDA LEAK WOULD DO NO HARM

Thursday, January 2nd, 2020

Courtesy Hiru News Project director of the Moragahakanda Multi-Purpose Project DB Wijerathna says that nobody wants to create any fear about the reported leak in the dam. Earlier, the HIRU CIA program revealed a water leak in the upper area of the main dam of the reservoir. The workers and the security guards had informed […]

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Govt. suspends import of ethanol with immediate effect

Wednesday, January 1st, 2020

Chaturanga Samarawickrama Courtesy The Daily News The Government suspended the import of ethanol for liquor manufacturing with immediate effect, the Ministry of Finance, economic and policy development Ministry said today. They said the decision was taken following the instructions given by Prime Minister Mahinda Rajapaksa, who is also the Finance Minister. He also said required […]

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Two Indian banks to cease operations in Sri Lanka

Wednesday, January 1st, 2020

Courtesy Ada Deara The Central Bank of Sri Lanka has permitted two Indian private banks Axis Bank and ICICI Bank to close down their operations in the country.  The Central Bank of Sri Lanka has said that it intends to take appropriate action against the banks that have not complied with the order to reduce […]

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Outlook positive as Hambantota Port grows with opportunities for Sri Lankans

Tuesday, December 24th, 2019

By Tang Lu, Shiran Illanperuma and Chen Jian Courtesy NewsIn.Asia Colombo, December 24 (Xinhua): It was early in the morning as 25-year-old Harshana Tennekoon zipped across southern Sri Lanka’s Hambantota International Port (HIP) in his hatchback to welcome the first roll-on/roll-off (RORO) ship of the day. The massive vessel, carrying automobiles manufactured in India and […]

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‘Made in Sri Lanka’ electric luxury supercar is a 900 bhp powerhouse

Tuesday, December 24th, 2019

Courtesy NewsIn.Asia Vega is powered by a 300 kw battery pack which gives it a range of 240 kilometers Colombo, December 23 (HTAuto) – Beautiful beaches, mild weather and rich cultural legacy are what are synonymous with Sri Lanka. Having its very own supercar then, is quite the contrasting picture that a company called CodeGen […]

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SMIDEX 2019 ජාතික සම්මාන උළෙලේදී විශිෂ්ඨතම කර්මාන්තය කොළඹ දිස්ත්‍රික්කයෙන්.

Monday, December 23rd, 2019

ලංකා කාර්මික සංවර්ධන මණ්ඩලය ලංකා කාර්මික සංවර්ධන මණ්ඩලයට වසර 50 ක් පිරීම නිමිත්තෙන් ලංකාවේ සුළු හා මධ්‍ය පරිමාණ කර්මාන්ත ඇගැයීම හා දිරි ගැන්වීම සඳහා දිවයිනේ සියළුම පළාත් ආවරණය කරමින් ක්ෂේත්‍ර 14 ක සුළු හා මධ්‍ය පරිමාණ කර්මාන්ත ඇගයීමට ලක්කර, සම්මාන ප්‍රදානය කිරීම 2019.12.20 වැනි දින ප.ව. 2:00 ට බණ්ඩාරනායක ජාත්‍යන්තර සම්මන්ත්‍රණ ශාලාවේ දී කර්මාන්ත හා […]

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President and PM direct all banks to suspend the recovery of SME loans up to Rs.300 million

Friday, December 20th, 2019

Courtesy Hiru News President and Prime Minister direct all banks to suspend the recovery of SME loans up to Rs.300 million says Finance Ministry.

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Indian Finance Minister says 12 global companies want to shift to India from China

Saturday, November 30th, 2019

Courtesy NewsIn.Asia Mumbai, December 1 (PTI): India’s Finance minister Nirmala Sitharaman on Saturday said about 12 global companies have evinced interest to shift their base from China to India, taking advantage of the competitive tax rate of 15 per cent announced recently. In the biggest reduction in 28 years, the government in September reduced corporate […]

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Sri Lanka needs you… and YOU need Sri Lanka: Seven months after tragedy struck, this beguiling island is back in business, with plenty of deals – and you’ll practically have it to yourself

Friday, November 22nd, 2019

By THOMAS W. HODGKINSON FOR THE DAILY MAIL Sri Lanka’s visitor numbers have plummeted since April due to series of terror attacks on hotels and churches  The tenth of the population of the country that relies on tourism has suffered its worst year in memory Seven months on from the attacks, the Foreign & Commonwealth Office […]

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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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