Courtesy proactiveinvestors.com.au Whilst the year was impacted heavily with COVID-19 restrictions and issues, it achieved some milestones in its growth and formed a solid base on which to work from in 2021 and beyond once COVID-19 restrictions are lifted. The company is committed to developing the Mannar Island project in an environmentally sustainable manner Titanium […]

Courtesy proactiveinvestors.com.au Whilst the year was impacted heavily with COVID-19 restrictions and issues, it achieved some milestones in its growth and formed a solid base on which to work from in 2021 and beyond once COVID-19 restrictions are lifted. The company hopes to provide ‘meaningful updates’ as COVID-19 restrictions are lifted Titanium Sands Ltd (ASX:TSL) remains […]

අග්‍රාමාත්‍ය මාධ්‍ය අංශය කොළඹ ජාත්‍යන්තර මූල්‍ය මධ්‍යස්ථානය ඉදිකිරීමට අදාළ අමෙරිකානු ඩොලර් බිලියනයක වටිනාකමකින් යුතු කොළඹ වරාය නගරයේ පළමුවැනි ආයෝජන ගිවිසුමට අත්සන් තැබීම අග්‍රාමාත්‍ය මහින්ද රාජපක්ෂ මහතාගේ ප්‍රධානත්වයෙන් අද 2020.12.17 දින අරලියගහ මන්දිරයේදී සිදුවිය. එල්.ඕ.එල්.සී (LOLC) සමූහයේ මූලෝපායික ආයෝජන අංශය වන බ්‍රවුන්ස් ඉන්වෙස්ට්මන්ට්ස් සහ චයිනා හාබර් ඉන්ජිනියරින් කම්පැනි ලිමිටඩ් (CHEC) අතර මෙම ගිවිසුම අත්සන් තැබිණි. මිශ්‍ර […]

අග්‍රාමාත්‍ය මාධ්‍ය අංශය The first investment within the Colombo Port City will commence with the one billion dollar Colombo International Finance Centre (CIFC) Mixed Development Project. The momentous agreement between Browns Investments, the strategic investment arm of the LOLC Group, and China Harbour Engineering Company Limited (CHEC) was signed this morning in the presence of […]

By Zahrah Imtiaz Courtesy NewsIn.Asia Colombo, December 17 (newsin.asia): Sri Lanka, once the land of the Black Tiger shrimp, is now tasting success in Vannamei cultivation. Vannamei is also known as White Leg Shrimp, Pacific White Shrimp or King Prawn. The leisure and tourism companies like HTCey Leisure have entered shrimp cultivation on a large […]

Courtesy Adaderana Sri Lanka will be resuming operation of commercial and charter flights from the 26th of December this year, says the Civil Aviation Authority of Sri Lanka (CAASL). The CAASL has informed the civil aviation authorities around the world of the proposed resumption of flight operations to Sri Lanka. As the aviation regulator of […]

Courtesy Borneo Bulletin COLOMBO (AFP) – Sri Lanka announced yesterday the first large-scale Chinese investment in manufacturing in the country, a USD300-million tyre factory near a strategic deep-sea port. Western nations, as well as regional power India, have long been concerned about Chinese influence in Sri Lanka through projects under its gargantuan Belt and Road […]

Courtesy renewablesnow.com December 8 (Renewables Now) – Sri Lanka has today opened its largest wind farm — a 100-MW facility in Mannar District that received financial support from the Asian Development Bank (ADB) three years ago. The wind park is owned by Ceylon Electricity Board (CEB) and was built at a total cost of about […]

Courtesy Adaderana The Cabinet of Ministers has approved a proposal submitted by the Prime Minister for the allocation of funds from the General Treasury to perform essential renovation activities and rehabilitation of the Mahinda Rajapaksa National Tele-Cinema Park in Ranminitenna. The government said the Mahinda Rajapaksa National Tele-Cinema Park has been established for earmarking a renaissance […]

Courtesy Adaderana The Cabinet of Minister has given its nod to the proposal tabled by Minister of Power to initiate the procurement procedure by the Ceylon Electricity Board (CEB) – the licensee of transmission – to implement the Siyambalanduwa solar power project through private sector investments. Approval was also granted to construct the power line […]

By Sugeeswara Senadhira/Ceylon Today The Indian Finance Minister and the Lankan President were on the same wavelength in the Sri Lanka Economic Summit 2020 Colombo, December 7: Responding positively to President Gotabaya Rajapaksa’s call for Indian investments in Sri Lanka, Indian Finance and Corporate Affairs Minister Nirmala Sitharaman said that the close geographic proximity and […]

Zinara Rathnayake in Colombo Courtesy Guardian UK Turmeric is synonymous with Sri Lankan cuisine and an import ban is helping boost production after the ravages of civil war Dayarathne Bandara, who led the move to bring back turmeric production in Gonagala, a village 350km from the capital Colombo. Photograph: SAPPGlobal development is supported by In Sri […]

Courtesy motorship.com Sri Lanka’s Colombo Dockyard has secured a further export deal in the niche sector of cableship construction, writes David Tinsley. Following its completion last year of a similar type of vessel to Japanese account, the yard has been entrusted with a 100m cable laying and repair ship for Orange Marine of France, to […]

Meera Srinivasan  Colombo |  Courtesy The Hindu BusinessLine Although the Sri Lankan government is yet to declare its final position on developing the strategic East Container Terminal (ECT) at the Colombo Port jointly with India and Japan — agreed in May 2019 by the previous government — Port worker unions that are resisting the project […]

Pathfinder Advisory Services (Pvt.) Ltd Pathfinder Advisory Services (Pvt.) Ltd. recently signed a Memorandum of Understanding (MoU) with world’s leading information and communication technologies (ICT) solutions provider Huawei, to establish a framework to encourage, develop and ICT in Sri Lanka. The partnership will enable the two institutions to achieve a deeper understanding of the possibilities […]

Courtesy Ship Technology Adani Ports and Special Economic Zone (APSEZ), the flagship of India-based Adani Group, is in the lead to develop the stalled East Container Terminal at Colombo port in Sri Lanka. Adani Ports and Special Economic Zone (APSEZ), the flagship of India-based Adani Group, is in the lead to develop the stalled East […]

Courtesy Business Standard Adani Ports and Special Economic Zone and a local partner received an in-principle approval to sign a deal with Sri Lanka Ports Authority, which will hold majority stake in the project

Courtesy Lancashire Telegraph What More UK director Tony Grimshaw OBE has unveild the company’s new export destination ONE OF the county’s most notable exporters has announced plans to extend its international reach further still with a deal to trade with Sri Lanka. Padiham-based What More UK hopes that the deal, which will make its range […]

By Raj Gonsalkorale In the tea industry, the tea taster reigns supreme. Yet strangely enough tea tasting begins with the plucker. This is because the taster’s judgment depends on how the leaves have been plucked. There are two forms of plucking: fine and coarse. The former is essential to a good cup of tea, and […]

By Raj Gonsalkorale 55 largest SOEs delivered net Return on Assets (ROA) of only 0.64% in 2017. The combined losses among the loss-making entities reached Rs.87bn in 2017 compared to Rs.42bn in 2016. Some are in deep trouble. The Petroleum Corporation carries a negative equity. Sheer incompetence and corruption have pushed Sri Lankan Airlines close […]

Courtesy NewsIn.Asia The new upcoming airline was conceived by four former senior captains with SriLankan Airlines and other international airlines, citing a conducive environment to expand aviation in Sri Lanka. September 30 (Simple Flying) – Sri Lanka will be getting a new airline as of February 2021. The new startup, Spark Air, first plans to launch with […]

Courtesy Ship Technology The Chinese and Sri Lankan governments are set to discuss the progress of Colombo Port City project, which is a planned offshore city in Sri Lanka. The Chinese and Sri Lankan governments are set to discuss the progress of Colombo Port City project, which is a planned offshore city in Sri Lanka. […]

Courtesy Hiru News Attorney General has informed MEPA that negotiations pertaining to the claim regarding Marine Pollution caused by MT New Diamond are pending and  other claims have not been settled. MEPA informed the Attorney General that relevant authorities have been informed that approval permitting the MT New Diamond to leave will only be granted after […]

Courtesy Adaderana The Ministry of Skills Development, Vocational Education, Research and Innovation has initiated measures to setup a coordinating unit to bring Technology, Research and Innovation related services closer to the general public, as well as to provide technical guidance in addressing the issues related to the said fields faced by the general public, in pursuance […]

Courtesy Adaderana President Gotabaya Rajapaksa explored the possibility of assigning the larger percentage of supply of school and security forces uniform material to local industrialists, today (28). President emphasized that it is imperative to commence the production of standard and high quality textiles immediately, stated President’s Media Division. President made these comments following his inspection […]

By Ishara S. KODIKARA Courtesy Japan Today Sri Lanka’s president has ordered the termination of a $1.5-billion Japanese-funded light rail project, saying it is not a “cost-effective solution” for the congested capital Colombo, officials said Thursday. The deal signed under the previous government is the largest single foreign-funded infrastructure project in Sri Lanka, and was […]

Courtesy Adaderana The Colombo Stock Exchange (CSE) should aim at increasing the number of listed companies from the current number of about 200 to 500 firms, State Minister for Finance, Capital Market and Public Enterprise Reforms Ajith Nivard Cabraal stated. The digitalization will take away from you, from the brokers as well as the market players a […]

By Dr. Lopamudra Maitra Bajpai Courtesy NewsIn.Asia During the lockdown in Sri Lanka, the rich and the poor alike got their daily bread from the humble itinerant “choon paan” man Street vendors and hawkers are ubiquitous part of everyday business. The secret of their survival even under stressful conditions is that they are very adaptable to […]

By B.A.Hussainmiya Courtesy NewsIn.Asia B.A.Hussainmiya suggests integration of the dispersed cottage industry to enable it to grow both stylistically and economically. Colombo, September 14 (newsin.asia): In the latest round of Ministerial appointments made by the new Gotabaya Rajapaksa government in Sri Lanka, the Batik industry has been given an elevated status. For the first time, […]

Sambit Saha   |   Calcutta Courtesy The Telegraph (India) Multiple cases being fought over the fate of the $300-million Altair project declared as a ‘flagship foreign investment project’ in the island nation wo strands of a bruising court battle are looming on either side of the Palk Strait as a clutch of top builders from Calcutta mount legal […]