Author Archive for Business

Adani Group plans to invest over $1 billion in Sri Lankan wind projects

Friday, June 7th, 2024

business-standard.com The related infrastructure that would transmit electricity to consumption centres will see further investment of over $290 million, two sources with knowledge of the matter said. Adani Group plans to invest over $1 billion in setting up projects in Sri Lanka to generate electricity from wind in what would be the island nation’s single […]

More >

LankaPropertyWeb (LPW) releases its 2024 Western Province Land Price Index (LPI)

Friday, May 31st, 2024

Business LankaPropertyWeb (LPW), Sri Lanka’s leading real estate portal, is pleased to announce the release of its 2024 Western Province Land Price Index (LPI). The index reveals a significant 7.8% increase in land prices compared to the previous year. Highlights include a 13% surge in Gampaha District, an 8% rise in Kalutara District, and a […]

More >

Land Prices Bounce Back to Growth in the Latest Land Price Index

Monday, May 27th, 2024

by LankaPropertyWeb Land prices bounce back to growth in the latest Land Price Index by LankaPropertyWeb. Theoverall land prices in the Western Province increased by 7.8% compared to the previous year,according to the 2024 Western Province Land Price Index (LPI), developed byLankaPropertyWeb (LPW). The Land Price Index (LPI), updated annually, monitors the trendsin asking price […]

More >

LankaPropertyWeb Redefines Real Estate Marketing Landscape with AI-Powered Innovations

Wednesday, May 8th, 2024

LankaPropertyWeb (LPW), LankaPropertyWeb (LPW), the leading real estate portal in Sri Lanka, proudly announces groundbreaking enhancements set to revolutionise the real estate marketing industry. Demonstrating an unwavering commitment to innovation, LankaPropertyWeb introduces two cutting-edge features – the AI-powered social Media Promo Add-On Package and the ML Image Recognition Tool – designed to transform property listings […]

More >

Sri Lanka’s central bank predicts 8% export, 18% import growth

Tuesday, May 7th, 2024

courtesy FibreFashion INSIGHTS The Central Bank of Sri Lanka (CBSL) predicts an 8.4 per cent increase in exports to $12.9 billion in 2024, following a decline in the previous year. This projection was outlined in the CBSL’s 2023 Annual Economic Review, released recently. Exports dropped by 9 per cent to $11.9 billion in 2023 from […]

More >

Advocating For One Of Emirates Four Daily A 380 Flights, Between Australasia & Dubai to Drop Off & Pick Up Passengers At Mattala International Airort Sri Lanka, Which They Fly Over And Have, On Payment , Secured Emergency Landing Rights

Monday, April 29th, 2024

Dr. Chula Rajapakse MNZM Spokesperson for the United Sri Lanka Association To : Hon Chris Bishop MPMinister of Housing Government of New Zealand.Dear Chris,Thank you for agreeing to advocate to achieve the above objective. The basis for this request is as follows:1. There is an urgent need to improve connectivity between New Zealand & Sri Lanka, […]

More >

Sri Lankan shares end higher as financials, industrials gain

Thursday, April 25th, 2024

Courtesy CNA ENGALURU : Sri Lankan shares closed higher on Thursday, driven by gains in financial and industrial stocks. * The CSE All Share index settled 1.4 per cent higher at 12,075.98, gaining for three straight sessions. * LOLC Holdings and John Keells Holdings were the top gainers on the CSE All Share, rising 5.6 […]

More >

Sinopec to complete feasibility study on Sri Lanka refinery by June – report

Thursday, April 25th, 2024

Courtesy Adaderana Chinese state energy giant Sinopec is pushing for greater access to Sri Lanka’s market, where rival India is also seeking to expand its presence, as it looks to build its first fully-controlled overseas refinery, reflecting a change in the firm’s global strategy to compensate for slowing demand growth at home. Sinopec, the world’s […]

More >

Sri Lanka signs MOU with Singapore to boost Boating and Yachting industries

Thursday, April 25th, 2024

Hiru News In a bid to bolster their respective boating and yachting sectors, Sri Lanka and Singapore have inked a Memorandum of Understanding (MoU) between the Chamber of Marine Industries of Sri Lanka (CMISL) and the Singapore Boating Industry Association (SBIA). The signing ceremony, held on April 22, saw Indhra Kaushal Rajapaksa, Chairman of CMISL […]

More >

Sinopec to start work on Sri Lanka refinery by June

Thursday, March 28th, 2024

Courtesy Adaderana The world’s largest refiner, China’s Sinopec plans to start work on a refinery in Sri Lanka by June, the power minister said on Thursday, advancing a project earmarked as the biggest investment in the crisis-hit island nation. Sri Lanka is looking to attract investment in the battle to stabilise its economy and return […]

More >

Government Releases List Of Countries Where UPI Payments Are Accepted

Monday, February 12th, 2024

Courtesy NDTV UPI is an instant real-time payment system to facilitate inter-bank transactions through mobile phones. India has been proactive in extending the reach of UPI globally Payments through India’s Unified Payments Interface (UPI) will now be accepted in seven countries after its launch in Sri Lanka and Mauritius on Monday. After the announcement, MyGovIndia, a […]

More >

Sri Lanka to import 15,000 tonnes of cashew nuts in shell

Tuesday, February 6th, 2024

Courtesy Adaderana The Cabinet of Ministers has granted approval to import 15,000 tonnes of cashew nuts in shell since the country’s annual requirement of cashew nuts in shell has not been met due to the fact that the crops have not been harvested as expected in the last season.  Joining the Cabinet press conference held […]

More >

FTA with Thailand to bring a range of goods to Sri Lanka

Friday, February 2nd, 2024

Courtesy The Daily Mirror Thailand, Feb. 02 (Bangkok Post) The Free Trade Agreement (FTA), which is expected to be signed between Thailand and Sri Lanka this week, will benefit Thailand’s exports of automotive parts, textiles, electrical appliances, machinery, steel products, paper, processed food and animal feed, Thai media reported. Thailand and Sri Lanka will sign […]

More >

Colombo Port sees surge in ship arrivals due to Red Sea crisis

Monday, January 29th, 2024

Courtesy Adaderana Sri Lanka’s Minister of Ports, Shipping and Aviation Nimal Siripala de Silva has stated that the recent increase in the number of ship arrivals at the Colombo Port is likely due to the Red Sea crisis. Accordingly, the Minister revealed that the number of ships docking at the Colombo Port has increased by […]

More >

Meet the Willy Wonka of Newfoundland — originally from Sri Lanka

Saturday, January 20th, 2024

Courtesy CBC This baker’s true passion is his gourmet chocolate business Chamira Milinda is the owner of Chocolate de Champ, a small homemade chocolate business he runs out of his home in L’Anse au Loup, a community on Labrador’s southern coast. Since moving to Labrador from his home in Sri Lanka in 2012, Milinda has been working full time in […]

More >

ටෙලිකොම් ගන්න අම්බානි, අලිරාජා එයි..

Monday, January 15th, 2024

උපුටා ගැන්ම ලංකා සී නිව්ස් ශ්‍රී  ලංකා ටෙලිකොම් සමාගම පෞද්ගලීකරණය කිරීමේ ක්‍රියාදාමය යටතේ එහි කොටස් ආයෝජනය සඳහා සුදුසුකම් ප්‍රකාශ කළ සමාගම් තුනක් සම්බන්ධයෙන් රාජ්‍ය ව්‍යවසාය ප්‍රතිව්‍යුහගතකරණ ඒකකය විසින් ඇගයීම් සිදු කිරීමට නියමිතය. රාජ්‍ය ව්‍යවසාය ප්‍රතිව්‍යුහගතකරණ වැඩපිළිවෙළ යටතේ මෙම සමාගමේ රජය සතු කොටස් සඳහා ආයෝජනය කිරීමට සුදුසුකම් ප්‍රකාශ කිරීමේ අවසන් දිනය පසුගිය සිකුරාදා (12දා) අවසන් වූ […]

More >

Mukesh Ambani’s Jio Platforms may invest in Sri Lanka Telecom – report

Monday, January 15th, 2024

Courtesy Adaderana Indian billionaire Mukesh Ambani has plans to expand his horizons in the telecommunications business through his firm Jio Platforms, expressing interest in buying stake in Sri Lanka Telecom PLC, the state-owned telecom company, Indian media reported. The Sri Lankan government has been struggling with the cash-strapped Telecom PLC, as current authorities continue to […]

More >

Buy mobile phones only if approved by TRCSL

Wednesday, December 27th, 2023

Courtesy The Daily Mirror Colombo, Dec. 27 (Daily Mirror) – The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) today announced that people should only buy mobile phones that have been approved by the Commission. Addressing the media TRCSL Deputy Director of Compliance, Ms. M. Pathirana, requested consumers check the IMEI number to verify the phone […]

More >

China’s Colombo port logistic centre gets generous tax relief

Monday, December 25th, 2023

By Namini Wijedasa/Sunday Times Colombo, December 24: President Ranil Wickremesinghe, in his capacity as Investment Promotion Minister, on Friday gazetted the initiative under the 2008 Strategic Development Projects Act (SDPA), stating that the aim was to turn the Colombo Port into a logistics hub for South Asia. The use of the SDPA goes contrary to […]

More >

Ministers of Justice and Health on collision course with association of banks

Sunday, December 24th, 2023

By Shamindra Ferdinando Courtesy The Island Wijeyadasa pushes for suspension of Parate executions: ‘Country paying heavy price for not having proper tax regime, favourable treatment to some’ Justice, Prisons Affairs and Constitutional Reforms Minister Dr. Wijeyadasa Rajapakse, PC, has assured the local business community, troubled by parate executions, that laws will be brought in to regulate […]

More >

රටින් එන බිත්තරවල මිල මෙන්න… “මෙහෙම කරන්නේ මිල පාලනය කරන්න”

Saturday, December 16th, 2023

Ada Derana

More >

Cabinet nod to award design and construction of Ratmalana Railway Diesel Power Set Factory to China Civil Engineering Construction Company

Tuesday, December 12th, 2023

Courtesy The Island The Cabinet of Ministers approved the proposal presented by the Minister of Transport and Highways to award the contract for the design and construction of the Ratmalana Railway Diesel Power Set Factory under the Railway Efficiency Improvement Project which is being implemented under Asian Development Bank funds, to China Civil Engineering Construction […]

More >

“Govt. to develop facilities for cruise terminal”

Monday, December 11th, 2023

Courtesy Daily News Creating a unique record in the Sri Lankan cruise segment Aitken Spence Travels, brought 4,000 passengers from three vessels on a single day on Sunday. The simultaneous arrivals of three cruise ships—Vasco Da Gama, Mein Schiff 5, and MS Seven Seas Navigator on December 10, 2023, at the port of Colombo also helped […]

More >

Colombo Port City vital for Sri Lanka’s economic transformation.

Friday, December 8th, 2023

Courtesy Pakistan Observer he Colombo Port City has great potential to facilitate the economic transformation Sri Lanka seeks, Central Bank Governor Nandalal Weerasinghe said on Thursday. Weerasinghe told reporters that the Colombo Port City is likely to become a global commercial hub featuring local and international businesses. We believe this project will change the fate […]

More >

LankaPropertyWeb Partners with eMediaLinks to Promote Sri Lankan Properties to Chinese and North American Investors

Wednesday, December 6th, 2023

LankaPropertyWeb  LankaPropertyWeb (LPW), Sri Lanka’s leading property platform, is excited to announce its new partnership with eMediaLinks, the exclusive partner with Weibo North America and house.sina.com. This collaboration enables the promotion of Sri Lankan property investment opportunities to Weibo’s extensive audience in China, as well as the real estate platform’s audiences in the USA and […]

More >

US examined Hindenburg allegations before giving loan to Adani

Tuesday, December 5th, 2023

Courtesy The Economic Times Synopsis Adani-Hindenburg: The Hindenburg Research allegations of corporate fraud against Gautam Adani didn’t impact the US decision to grant up to $553 million for a Sri Lankan terminal. The US agency, DFC, found the accusations were not relevant to Adani’s specific project. The US government concluded that short-seller Hindenburg Research’s allegations […]

More >

SLRC and SLBC to be converted into a public company – Bandula

Tuesday, November 28th, 2023

Courtesy Adaderana It was disclosed at the Ministerial Consultative Committee on Mass Media that the Sri Lanka Rupavahini Corporation (SLRC) and the Sri Lanka Broadcasting Corporation (SLBC) continue to incur losses.  This was revealed when the relevant committee met in Parliament on Thursday (Nov. 23) under the Chairmanship of the Minister of Transport and Highways […]

More >

Global Economic Forum Summit at Asia’s Biggest Convention Centre BMICH Colombo Sri Lanka

Saturday, November 25th, 2023

ANI Global Economic Forum Summit at Asia’s Biggest Convention Centre BMICH Colombo Sri LankaRead more At:https://www.aninews.in/news/business/business/global-economic-forum-summit-at-asias-biggest-convention-centre-bmich-colombo-sri-lanka20231125171429/

More >

Sri Lanka to OK Sinopec’s $4.5 bln refinery proposal on Monday -minister

Saturday, November 25th, 2023

Courtesy Reuters.com COLOMBO, Nov 25 (Reuters) – Sri Lanka will likely approve on Monday a proposal from Chinese state refiner Sinopec to build a $4.5-billion-dollar refinery, the South Asian island nation’s energy minister said on Saturday. “It’s on the agenda for Monday. Once the cabinet gives approval, we will invite them to sign the agreement,” […]

More >

Sri Lanka launches 70 MW ground-mounted solar auction

Monday, November 13th, 2023

Courtesy PV Magazine  Sri Lanka’s government-owned Ceylon Electricity Board (CEB) is inviting applications for the development of 1 MW to 5 MW ground-mounted solar projects – totaling 70 MW – with 20-year power purchase agreements (PPA). The Sri Lankan government’s CEB has kicked off a 70 MW ground-mounted solar tender in the South Asian country. […]

More >

Copyright © 2024 LankaWeb.com. All Rights Reserved. Powered by Wordpress