Courtesy The Daily Mirror In response to internet media reports about India asking for the settlement of US $ 400 million currency swap as an act of retaliation for the cancellation of the port project, the Indian High Commission said a rollover facility for the settlement of had been granted for the Central Bank of […]

Courtesy Adaderana The U.S. Government committed a $40 million loan to Sri Lanka’s SDB bank to support small and medium enterprises (SMEs) and women entrepreneurs. The loan from the U.S. International Development Finance Corporation (DFC), the U.S. Government’s development bank, aims to support private sector investment and economic growth in Sri Lanka. DFC partners with […]

Kelum Bandara Courtesy The Daily Mirror The Cabinet today has approved a proposal to develop the East Container Terminal of Colombo Port fully under the control of Sri Lanka Ports Authority, but the West Container Terminal with a private investor as pledged in President Gotabaya Rajapaksa’s apology manifesto titled ‘Vistas of Prosperity and Splendour, a […]

Courtesy Adaderana The Indian High Commission in Sri Lanka has issued a statement in response to the decision of the Government of Sri Lanka to develop the East Container Terminal (ECT) of Colombo Port solely by the Sri Lanka Ports Authority. The Spokesperson of the High Commission reiterated the expectation of Government of India for […]

Sri Lanka News The following report is a summary of mining giant Adani’s track record, based on research into hundreds of court documents by Environmental Justice Australia and Earthjustice and other publicly available evidence. In 2011, a ship carrying Adani coal sank off the coast of Mumbai, devastating beaches, tourism and marine life. Adani did […]

Livia Yap, Courtesy Bloomberg News BC-The-World’s-Best-Stock-Rally-Is-in-Sri-Lanka , Livia Yap (Bloomberg) — Sri Lanka stocks have returned a world-beating 30% so far in 2021 as domestic investors get more active. Local individuals were responsible for 79% of total market turnover last year, according to the nation’s stock exchange, amid a 70% increase in new accounts from […]

By P. K. Balachandran courtesy Eurasia Review Containers stacked at Sri Lanka’s Colombo port. Photo Credit: Rehman Abubakr, Wikipedia Commons Japan Overseas Infrastructure Investment Corporation (JOIN) and India’s Adani Port are among foreign and Sri Lankan companies seeking a stake in the container terminal The Sri Lankan government has asked stakeholders in Colombo Port’s East Container […]

Courtesy Adaderana The All Share Price Index (ASPI) of the Colombo Stock Exchange has surpassed the 8,000 points mark for the first time in history. The ASPI closed 8,131.25 points at the end of trading today (January 21), gaining 246.80 points from the previous day or 3.13%. The ASPI had reportedly crossed the 8,000 points […]

Sandun A Jayasekara Courtesy The Daily Mirror Sri Lanka has ventured into gold exploration to determine whether the country has gold deposits to be exploited commercially, a senior official of the Environment Ministry said. Secretary of the Ministry of Environment- Dr. Anil Jasinghe told Daily Mirror that a discussion was held last week with the […]

ප්‍රවෘත්තී නිවේදනය -නිපුණතා සංවර්ධන, වෘත්තීය අධ්‍යාපන, පර්යේෂණ හා නව නිපැයුම් රාජ්‍ය අමාත්‍යාංශය       අනාගත ශ්‍රී ලංකාවට මුහුණපාන්නට වන ප්‍රධාන අභියෝග අතරින් තීරණාත්මක සංසිද්ධිය වන්නේ බලශක්තියයි. මෙරට සංවර්ධන ක්‍රියාවලියේදි දැනටමත් ක්‍රියාත්මක අති දැවැන්ත ව්‍යාපෘති ක්‍රියාත්මක කිරීමේදි විදුලිය සැපයීම අභියෝගයට ලක්ව තිබේ. මෙම බලශක්ති උත්පාදනය හා කළමනාකරණයේදී මුහුණදීමට සිදුවන ගැටලු සඳහා ප්‍රායෝගික විසඳුමක් වන්නේ කෙටිකාලීනව […]

Courtesy Port strategy.com The East Container Terminal of the Colombo Port will not be sold or leased, Sri Lanka has confirmed. President Gotabaya Rajapaksa said the plan was to develop the terminal as an investment project that has 51% ownership by the state-owned Sri Lanka Ports Authority (SLPA) and the remaining 49% as an investment […]

Courtesy NewsIn.Asia Colombo, January 15 (Daily Mirror) – According to Bloomberg data, the Colombo Stock Exchange’s (CSE) benchmark All Share Price Index (ASPI) is the second best performing stock index in the world as of Wednesday with a rate of return of 9.88 percent. Chile’s S&P CLX IPSA Index has been ranked as the top […]

By Rohan Maskarola/DailyFT Courtesy NewsIn.Asia Colombo, January 11: I have always maintained that shipping and ports businesses are truly global, networked with multiple parties. No country which wants to be in the global shipping can compete single handedly without international partnerships. It is irrelevant whether a nation is developed or developing or has cargo and […]

By Anjali Caldera MTD Walkers PLC’s second largest minority shareholder Udaya Thuduwewatte accused MTD Walkers Malaysian ownership of conducting their Annual General Meeting (AGM) online yesterday illegally, with no notice being issued to its minor shareholders. In a letter drafted to the Securities and Exchange Commission (SEC) Sri Lanka, Director General, Thuduwewatte, also the third […]

Courtesy NewsIn.Asia Colombo, January 5 (Xinhua):  The Colombo Port City and the Hambantota Port will attract foreign investments to Sri Lanka and boost growth in 2021, the governor of the Central Bank of Sri Lanka (CBSL) said on Monday. Delivering a virtual address titled Road Map 2021, CBSL Governor W.D. Lakshman said Sri Lanka-China joint […]

Courtesy Hiru News Director of Operations of the Airport and Aviation Services of Sri Lanka, Shehan Sumanasekara stated that the national carrier of Maldives will commence scheduled flights to Sri Lanka from today (23). Accordingly, scheduled flights operated by Air Maldives will fly into Mattala Rajapaksa International Airport (MRIA). According to Sumanasekara, the project is part […]

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 […]