Author Archive for Business

China Center for South Asian Studies and the Pathfinder Foundation Consolidate Ties

Thursday, November 8th, 2018

Gamini Sarath Godakanda Press Release Pathfinder Foundation A senior academic delegation led by the Vice President of Sichuan University Prof. Yan Shijing and the Director General of the newly established China Center for South Asian Studies (CCSAS) Prof. Sun Shihai visited Pathfinder Foundation (PF), to discuss ways and means of further strengthening links between the two […]

More >

Sri Lanka tourists grow by 0.5% in Oct.

Thursday, November 8th, 2018

Courtesy NewsIn.Asia Colombo, Nov 8 (newsin.asia) – More than 150,000 tourists arrived in Sri Lanka last month, recording a 0.5 percent growth when compared to the same period last year, official statistics from the Tourism Ministry showed here Thursday. According to the Ministry, the leading five markets were India, China, Britain, Germany and Australia. So […]

More >

The Pakistan Business Council (PBC) suggests increase in exports of bikes, cement to Sri Lanka

Saturday, October 20th, 2018

By Bilal Hussain  Courtesy The Express Tribune KARACHI: The Pakistan Business Council (PBC) has drafted a report focused on the free trade agreement (FTA) with Sri Lanka and has found motorcycle and cement manufacturing as potential industries that Pakistan can increasingly rely on. According to the PBC – a business policy advocacy platform, the purpose of the study is […]

More >

Indian Railways is all set to introduce a special train for Buddhist travellers across globe

Thursday, October 18th, 2018

Courtesy BI INDIA BUREAU IRCTC to launch special train to attract international tourists from Buddhist countries like Japan, China, Thailand and Sri Lanka. The first rake of the train will roll out by the end of October although the train will be functional from December. The train’s route will include important Buddhist destinations like Bodh Gaya, […]

More >

Will take care of debt issues of Belt and Road projects: China

Monday, October 15th, 2018

Courtesy The Daily Mirror China’s Vice Finance Minister Zou Jiayi has acknowledged debt issues with some of its ‘Belt and Road’ projects, saying the government will strengthen macro-supervision on the debt sustainability aspect of its overseas investments, the Reuters reported on Saturday. The debt sustainability issue of Belt and Road (projects) is a complicated issue, but […]

More >

Sri Lanka to sell hotel stakes, possibly within six months: finance minister

Tuesday, October 9th, 2018

Tom Wilson Courtesy reuters.com LONDON (Reuters) – Sri Lanka plans to put two state-owned hotel companies up for sale within the next six months in a sale that could raise $500 million for the island nation as it seeks to bolster its finances, the finance minister said on Tuesday. Sri Lanka faces repayments on expensive infrastructure […]

More >

Sri Lankan Airlines named World’s Most Punctual Airline in Sept.

Saturday, October 6th, 2018

Courtesy NewsIn.Asia Colombo, Oct 5 (newsin.asia) – Sri Lanka’s national air carrier, Sri Lankan Airlines, was named the ‘World’s Most Punctual Airline’ in September by global flight data analysis company ‘Flightstats’, a statement from the airline said here Friday. Sri Lankan airlines was selected under the key categories of ‘Global Airlines’ and ‘Major Airlines’. According […]

More >

Prez intervened when PM lashed out at businessman: SB

Thursday, October 4th, 2018

Sandun A Jayasekera Courtesy The Daily Mirror President Maithripala Sirisena had to intervene when Prime Minister Ranil Wickremesinghe became annoyed with a leading businessman at the National Economic Council (NEC) meeting held on Tuesday at the Presidential Secretariat and reconvened it after the suspension of the meeting for a few minutes, SLFP dissident group front liner […]

More >

China invests in new center in Sri Lanka to strengthen collaboration on marine sciences

Sunday, September 30th, 2018

Source: Xinhua COLOMBO, Sept. 29 (Xinhua) — Sri Lanka and China inaugurated a new building for the China-Sri Lanka Joint Centre for Education and Research (CSL-CER) at the University of Ruhuna (UOR), in southern Sri Lanka with the aim of strengthening marine science and research in the island country, the UOR said in a statement […]

More >

China to push forward cooperation with Sri Lanka under BRI

Friday, September 28th, 2018

Courtesy NewsIn.Asia Colombo, Sept 27 (newsin.asia) – China will continue to push forward its pragmatic cooperation with Sri Lanka under the Belt and Road Initiative in order to bring more tangible benefits between the two countries and its two peoples, China’s Ambassador to Sri Lanka, Cheng Xueyuan said here at the 69th anniversary celebrations of […]

More >

Lanka yet to finalise project proposals for 2 bn yuan grant * China made pledge in May 2017

Thursday, September 20th, 2018

By Shamindra Ferdinando Courtesy The Island Sri Lanka is yet to receive a two-billion-yuan (nearly USD 300 mn) grant from China as project proposals have not been finalised. President Maithripala Sirisena revealed that the Chinese offer in late July, 2018, at a ceremony to launch construction of a Chinese-funded kidney hospital in Polonnaruwa. Turning towards the […]

More >

Hauck to lead Galle Face Hotel in Sri Lanka

Thursday, September 20th, 2018

Courtesy breakingtravelnews.com The legendary Galle Face Hotel, which opened in 1864 and is the oldest hotel east of Suez, has appointed a new general manager and area vice president as it seeks to re-establish its position as Asia’s most illustrious and historic hotel. Robert Hauck, a highly skilled and respected hospitality professional with more than […]

More >

Sri Lanka imposes new measure to deter vehicle imports, aid faltering rupee

Thursday, September 20th, 2018

Courtesy www.reuters.com COLOMBO, Sept 20 (Reuters) – The Central Bank of Sri Lanka said it had enacted a new measure to deter vehicle imports and take pressure off the rupee, which is hovering at a record low, and to restore macro-economic stability. The new measure will require vehicle importers to deposit the full value of […]

More >

Thailand sees shortcut to Belt and Road with Sri Lanka trade deal

Thursday, September 20th, 2018

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer Courtesy Nikkei Asian Review  Two nations to kick off bilateral FTA talks in Bangkok on Thursday BANGKOK — Thailand sees a planned trade deal with Sri Lanka as an opportunity to tap into China’s signature Belt and Road Initiative while hedging against fallout from the escalating global trade war. Representatives of the […]

More >

SriLankan Airlines to deploy A330 to Melbourne, Singapore; suspend Hong Kong operations

Thursday, September 20th, 2018

SriLankan Airlines stated (19-Sep-2018) it plans to make progressive changes” to its winter 2018/2019 schedule. As part of the changes, the carrier plans to deploy A330-300 aircraft on daily Colombo-Melbourne service from 28-Oct-2018 with plans to increase Colombo-Singapore capacity from 29-Oct-2018 with the deployment of A330 aircraft on the route. Frequency will also be increased from 17 […]

More >

SL has no plan to hand over strategic Palaly Airport to India – Transport Min.

Wednesday, September 19th, 2018

Courtesy Adaderana Sri Lanka has decided against giving control of Palaly Airport to India just days after the state-run Airport Authority of India made a move to develop it. Sri Lankan civil aviation minister Nirmal Sripala De Silva told the parliament that the government had no intention of handing over the airport to Indian authorities. […]

More >

Why Can’t Japan Kick Coal And Nuclear?

Sunday, September 16th, 2018

By Haley Zaremba Courtesy Oilprice.com Earlier this year we reported on a startling anomaly in the global energy market that even the experts couldn’t have predicted. Just one nation, alone against the greening tides, was turning back to coal–Japan. Now, half a year later, a newly released report shows that Japanese financial institutions have funneled US$92 billion into coal […]

More >

Indian envoy visits US$ 1.2 million India-funded women’s self help project in Batticaloa

Sunday, September 16th, 2018

Courtesy NewsIn.Asia Batticalao, September 15 (newsin.asia): The High Commissioner of India Taranjit Singh Sandhu  visited the first ever cooperative society of war affected women in the Eastern Province at Kallady set up by an India-based NGO the Self Employed Women’s Association (SEWA), with a grant of LKR 197 million (US$ 1.2 million) from the Government of India. The objective […]

More >

Sri Lanka balances India and China in awarding road building contracts in North and East

Sunday, September 16th, 2018

Courtesy NewsIn.Asia Colombo, September 17 (newsin.asia): Sri Lanka, which is  being wooed by both India and China, has adopted a balanced policy in granting road development  contracts in the war-devastated Northern and Eastern provinces. While India is to be given road development projects in the North  in place of the already chosen Chinese company for […]

More >

FUEL PRICE FORMULA

Sunday, September 16th, 2018

By Udaya P Gammanpila Courtesy Ceylon Today The Government constantly increases prices of petrol and diesel every month. When the price of a barrel of crude oil is US$ 68, the Government increased the price of petrol to Rs 149 per litre. It claims that increases are based on the so-called fuel price formula.  Mysteriously, nobody […]

More >

Sri Lanka’s Port of Colombo ranks world’s leading container growth port

Sunday, September 9th, 2018

Courtesy NewsIn.Asia Colombo, Sept 9 (newsin.asia) – Sri Lanka’s Port of Colombo ranked the world’s leading container growth port among the top 30 container ports for the first half of 2018, according to international rating agency, Alphaliner, the Ports and Shipping Ministry said in a statement Sunday. According to the rating, the Port of Colombo has recorded […]

More >

India to supply 160 railway passenger coaches worth US$ 82.64 million to Sri Lanka

Saturday, September 8th, 2018

Courtesy NewsIn.Asia Colombo, September 8 (DDNews): An agreement to supply160 railway passenger coaches custom-made in India, was signed between RITES Limited of India and Sri Lankan government in Colombo on September 7. The US 82.64 million contract is part of a line of credit agreement for procurement of railway rolling stock and upgrading of rail […]

More >

Chinese enters Lankan market as a language of communication

Saturday, September 8th, 2018

Courtesy NewsIn.Asia Colombo, September 8 (newsin.asia): Is Chinese beginning to replace Tamil in promoting products or serving customers in the Sri Lankan market? Looking at the Anchor butter packet being sold in the Sri Lankan market one might begin to think so. Packets of Anchor butter, imported from Fonterra Brands in New Zealand, now carry  […]

More >

US$ 9 million from USAID for Small and Medium Sized Enterprises in Sri Lanka

Friday, September 7th, 2018

Courtesy NewsIn.Asia Colombo, September 7 (newsin.asia): The U.S. Agency for International Development (USAID), with the USAID Development Credit Authority (DCA), Hatton National Bank PLC and Sampath Bank PLC have announced a new partnership for a program of up to US $9 million for local financing available to private, micro-, small-, and medium-sized enterprises (MSMEs) throughout […]

More >

Terms of Reference for setting up Indian Ocean Rim Association Working Group on Maritime Security finalized

Friday, September 7th, 2018

Courtesy NewsIn.Asia Colombo, September 7 (newsin.asia): The member States of the Indian Ocean Rim Association (IORA) met in Colombo on  September 4 and 5 and finalized the Terms of Reference (ToR) to set up a  Working Group on Maritime Safety and Security. At the 17th Council of Ministers held in Durban, South Africa in 2017, it […]

More >

Western funding agencies make a beeline for Lanka to counter China’s influence

Thursday, September 6th, 2018

Courtesy NewsIn.Asia Colombo, September 6 (newsin.asia): Funding agencies affiliated to the Western nations and their allies, Japan and South Korea, are now making a beeline for Sri Lanka to counter growing Chinese developmental assistance to it. Representatives of leading international donor agencies, including Japan International Cooperation Agency (JICA), World Bank (WB), Asian Development Bank (ADB), […]

More >

Penalty for cancelling Airbus deal accounts for 33% of UL losses

Monday, September 3rd, 2018

By Rathindra Kuruwita Courtesy The Island SriLankan Airlines has paid Rs. 18.8 billion as part of a penalty for the cancellation of the four Airbus A350-900 leases in the 2015/2016 and 2016/2017 financial years, Presidential Commission of Inquiry (PCoI) on irregularities at SriLankan Airlines, SriLankan Catering and Mihin Lanka was told yesterday. Yasantha Dissanayake, the Head […]

More >

Sri Lanka: Oil Exploration In Eastern Seas Begins

Monday, September 3rd, 2018

By Eurasia Review Petroleum exploration activities in the eastern seas, covering Trincomalee and Batticaloa, began Sunday with the arrival of a vessel of the BGP Marine seismic fleet (02). Accordingly, the research vessel BGP-Pioneer sailing under the flag of Panama to commence will acquire two-dimensional seismic data in the selected offshore areas of the island. The […]

More >

Singapore FTA SL and other’s garbage

Sunday, September 2nd, 2018

By Shivanthi Ranasinghe Courtesy Ceylon Today Last week United National Party Matale district Parliamentarian Rohini Kaviratne, in an interview to this newspaper, makes couple of notable comments.  Her thinking is not unique and the views she holds are common to many who support party politics. This refusal to discuss the real issues with insightful analysis or […]

More >

Fuel price formula is a myth – Prof. Premlal de Silva

Sunday, September 2nd, 2018

By Charunya Rajakaruna Courtesy Adaderana Although they say that there is a pricing formula for fuel price revision, there is no such price formula, stated Prof. Premalal de Silva addressing a media conference held today (02). There have been several fuel price revisions by mentioning a price formula, however, when considering the revisions made, it can be […]

More >

Copyright © 2018 LankaWeb.com. All Rights Reserved. Powered by Wordpress