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 […]

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 […]

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 […]

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/

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,” […]

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. […]

Courtesy Express Tribune Collaboration between private sectors, regular exchanges of trade delegations is essential for improved ties. KARACHI: Consul General of Sri Lanka Jagath Abeywarna mentioned that despite 75 years of good diplomatic relations and a Free Trade Agreement (FTA) since 2005, Sri Lanka-Pakistan trade volume remains ‘insignificant’ at US $440 million due to certain […]

Xinhua   In response to escalating revenue losses, Sri Lanka Customs plans to enforce maximum penalties for individuals smuggling over 100 grams of gold and substantial quantities of restricted items including mobile phones, a spokesman said Sunday. A recent report from the Parliamentary Committee on Ways and Means highlighted a loss of 1.4 billion rupees in […]

By Feizal Samath Courtesy TTGAsia The Sri Lankan government this week invited bids from the global industry to run and manage the island’s national carrier, SriLankan Airlines, which has been suffering accumulated losses over the years. While the airline has reported an operating profit for the period April 2022 to end March 2023, its accumulated debt […]

Courtesy Adaderana Sri Lanka is set to award a multi-billion dollar oil refinery project to a Chinese state-owned company after a rival bidder pulled out, the energy minister said Tuesday. Kanchana Wijesekera said the government would shortly enter into an investment agreement with Sinopec to build the refinery next to the Chinese-run port at the […]

Courtesy The Sunday Times Lycamobile’s French companies were on Thursday fined 10mn euros by a Paris court for money laundering and value-added tax (VAT) fraud. The group’s former chief executive officer Christopher Tooley also received a prison sentence and a heavy fine for complicity in the VAT fraud, agency reports said. Lycamobile, owned by Subaskaran […]

Courtesy CGTN The People’s Republic of China and the Democratic Socialist Republic of Sri Lanka issued a joint statement on Friday deepening bilateral traditional friendship and expanding mutually beneficial cooperation. The China-Sri Lanka strategic cooperative partnership based on sincere mutual assistance and everlasting friendship has become a fine example of friendly interactions and mutually beneficial […]

Courtesy Hiru News Former British Prime Minister David Cameron emphasized the pivotal role of Colombo Port City in Sri Lanka’s economic prosperity during his participation in a promotional event in Dubai. The event’s theme underscored the investment opportunities in the “Now is the time to invest in the port city of Colombo, Sri Lanka.” It […]

N. SAI CHARAN Courtesy The Hindu As per the revised schedule, the high-speed craft Cheriyapani will ply between the two places only on October 16, 18, 20, and 23, say sources. A day after its launch, the operation of the high-speed passenger ferry service between Nagapattinam in Tamil Nadu and Kankesanthurai in the northern province […]

Courtesy Adaderana State Minister of Investment Promotion Dilum Amunugama on Friday (Oct. 13) announced plans to establish a Japan-Sri Lanka Free Trade Zone here. The lawmaker mentioned that Bingiriya and Iranavila areas have been selected for this purpose. His remarks came during a news conference at the Presidential Media Centre, held under the theme ‘Collective […]

Courtesy The Daily Mirror The HIP RORO team Vehicles awaiting transhipment at the RORO yard The Hambantota International Port (HIP) has achieved a milestone by handling over half a million transshipment units by September, exceeding the port’s previous year’s roll-on/roll-off (RORO) figures. As the global economy recovers gradually, we continue to aggressively market our location […]

by Gulf News Looking to enter Sri Lanka’s resurgent tourism sector? Hilton Colombo is a perfect choice On the back of falling inflation rate and rising tourism revenue, the World Bank has revised its forecast for the Sri Lankan economy. It is now expected to expand by 1.7 per cent in 2024, up from an […]

Courtesy CGTN Faced with internal conflicts and economic crises, Sri Lanka has been seeking development opportunities. Colombo Port City represents an expansion of the commercial capital. A key project under China’s Belt and Road Initiative, the development is intended to become a global tourism and investment hub. Situated at the crossroads of the Asia-Pacific and […]

Courtesy Adaderana SriLankan Airlines has apologised for the extensive cancellation of flights recently, attributing the matter to technical faults. Issuing a statement in this regard, the national carrier explained that a number of technical faults resulted in the temporary grounding of several aircraft, as part of the routine procedures followed during aircraft maintenance. Aircraft maintenance […]

Courtesy Business Recorder COLOMBO: Sri Lanka’s central bank is expected to further loosen monetary policy on Thursday, albeit by a smaller degree than previously, as it looks to use the rapid decline in inflation as an opportunity to foster growth and put the economy firmly on a path of recovery. The median estimate in a […]

Courtesy Adaderana In a significant stride towards enhancing bilateral relations, the High Commissioner of Sri Lanka to Kenya Kananathan and the Prime Cabinet Secretary of Kenya, Musalia Mudavadi held a successful meeting aimed to advance mutual interests in trade, investments and collaboration across various sectors. The discussions underscored the commitment of both nations to foster […]

Courtesy Adaderana State Finance Minister Ranjith Siyambalapitiya says that a Gazette notification is expected to be issued this week relaxing restrictions on import of lorries, trucks and buses used for public transport. However, regarding the import of other vehicles, financial analysts say that the import of other vehicles will be further delayed considering the existing […]

Courtesy The Daily Mirror Following improved activity from the shippers to Iran following the ‘Tea for Oil’ agreement, this week’s Colombo Tea Auction saw increased demand for the better teas in the High and Mid Grown sector and Low Grown Small Leaf/Tippy teas. However, the total auction offerings were marginally lower and totalled 5.9 million […]

Courtesy The Daily Mirror The Embassy of Sri Lanka in Moscow has initiated direct employment opportunities for Sri Lankan skilled migrant workers in the Russian Federation, in collaboration with the Sri Lanka Foreign Employment Agency (SLFEA), a fully-owned state organisation in Sri Lanka.  The Embassy of Sri Lankan in Moscow said in an announcement that […]

 BY SHWETA SHUKLA Courtesy Aviation A2Z Emirates, which formerly held a 40 percent stake in SriLankan Airlines, might consider responding to the Sri Lankan government’s intention to privatize the airline. Photo: By Oliver Holzbauer, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=53168656 166 SHARES WhatsappShare on FacebookShare on Twitter COLOMBO- According to CEO Richard Nuttall, SriLankan Airlines (UL), poised for privatization […]

Courtesy The Financial Express The core objective of the Sri Lanka Unique Digital Identity Project (SL-UDI) is to gather biographic and biometric information, such as facial, iris, and fingerprint data. India has extended crucial financial support to Sri Lanka’s unique digital identity project with an advance payment of INR 450 million. The project is a […]

Courtesy Adaderana Governor of the Central Bank of Sri Lanka (CBSL) has urged licensed commercial banks to take immediate measures to adequately reduce lending rates in view of the recent reduction of policy interest rates. Dr. Nandalal Weerasinghe, in a letter directed to the Sri Lanka Banks’ Association (SLBA) chairman, said the Central Bank would […]

Courtesy Adaderana Restrictions imposed on imported goods will be further relaxed later today (July 20), State Minister of Finance Ranjith Siyambalapitiya says. Thereby, import restrictions on 328 more items will be eased. The lawmaker said the gazette notification announcing the import restriction relaxation would be published tonight. The announcement comes a month after the government […]

Courtesy Adaderana The Spokesman for India’s Ministry of External Affairs, Arindam Bagchi, has revealed India’s willingness to further expand financial economic relations between Sri Lanka and India. Speaking on President Ranil Wickremesinghe’s visit to India, Bagchi said We would like to steepen this financial economic connection, but I think it’ll be premature for me to […]

Courtesy Adaderana The European Commission has suggested that the current GSP+ (Generalised Scheme of Preferences Plus) scheme be extended by 04 years, amidst the ongoing negotiations for the EU’s new GSP+ arrangement. Taking to Twitter, the Delegation of European Union (EU) to Sri Lanka has mentioned that as one of Sri Lanka’s largest trading partners […]