Author Archive for Business
Saturday, February 22nd, 2020
Event Coordinator Lanka Property Web (Pvt) Ltd Over the past years, Lanka Property Show has cemented its position as Sri Lanka’s largest and foremost Real Estate show and convention. This year Lanka Property Show 2020 is scheduled to bring buyers, sellers, developers, financiers and experts together in grand style for the 4th consecutive time. Lanka Property […]
More >
Posted in Business | 1 Comment »
Thursday, February 20th, 2020
Courtesy Borneo Bulletin February 21, 2020 COLOMBO (AFP) – A Japanese firm was chosen by Colombo yesterday to build a new USD570 million terminal for Sri Lanka’s main airport, as Tokyo re-emerges as a key infrastructure backer amid a raft of Chinese projects. The Cabinet announced the Taisei Corporation was picked to develop the Japanese-funded […]
More >
Posted in Business | No Comments »
Tuesday, February 11th, 2020
Courtesy THE ISLAND (SRI LANKA)/ASIA NEWS NETWORK A now-retired SriLankan Airlines A340-300. Photo supplied Sri Lanka’s UNP MP Mujibur Rahman on Sunday said that yahapalana government had paid compensation to the Netherlands-based aircraft leasing company AerCap Holdings NV for the cancellation of the leasing agreement in respect of four Airbus A 350-900 ordered by the […]
More >
Posted in Business, Corruption and bribery | No Comments »
Thursday, February 6th, 2020
RAVI LADDUWAHETTY Courtesy The Daily News The Government will shortly invest Rs. 500 million for the rehabilitation of the Mattala Mahinda Rajapaksa International Airport (MRIA) to bring it back to international standards within six months. Despite the Government of President Mahinda Rajapaksa building the Mattala Airport to international standards, the ruination which was taking place […]
More >
Posted in Business | No Comments »
Thursday, February 6th, 2020
Courtesy NewsIn.Asia Colombo, Feb.6 – The Sri Lankan government will soon commence construction of a new terminal at the Bandaranaike International Airport in order to accommodate a larger number of arrivals, Xinhua news agency, citing local media reported here Thursday. Chairman of Airport and Aviation Services Sri Lanka Ltd (AASL), G.A. Chandrasiri told the Daily […]
More >
Posted in Business | No Comments »
Thursday, February 6th, 2020
Courtesy NewsIn.Asia Colombo, Feb. 6 – Sri Lanka will soon commence construction on a world class theme park along the country’s southern coast in order to promote adventure tourism, local media reported here Thursday. Leading international theme park developer and operator, Sim Leisure Group Ltd, entered into a non-binding memorandum of understanding (MoU) with Sri […]
More >
Posted in Business | No Comments »
Tuesday, January 21st, 2020
Courtesy NewsIn.Asia Colombo, Jan. 21 – The Sri Lankan Tourism Ministry on Tuesday appointed a seven-member high level task force to transform the island’s tourism sector into a $10 billion industry by 2030. Minister of Industrial Export, Investment Promotion, Tourism and Civil Aviation, Prasanna Ranatunga said in a statement that the task force consisted of […]
More >
Posted in Business | 2 Comments »
Thursday, January 9th, 2020
Media Unit State Ministry of Technology and Innovation. The State Minister of Technology and Innovation gave instructions to the relevant officials to expedite the process of setting up a Timber Designing Innovation Centre (TDIC) and Timber Process Innovation Center (TPIC), an initiative envisaged to add value to the Sri Lankan timber industry and being implemented […]
More >
Posted in Business | No Comments »
Thursday, January 9th, 2020
මාධ්ය ඒකකය තාක්ෂණ හා නවෝත්පාදන රාජ්ය අමාත්යාංශය. ශ්රී ලාංකීය දැව කර්මාන්තය සඳහා අගය එකතු කිරීමේ අරමුණෙන් අමාත්ය මණ්ඩල අනුමැතිය යටතේ දැව නිර්මාණ නවෝත්පාදන මධ්යස්ථානයක් සහ දැව පිරිසැකසුම් නවෝත්පාදනමධ්යස්ථානයක් ස්ථාපනය කිරීමට පියවර ගෙන ඇති අතර එම කටයුතු කඩිනම් කරන ලෙස තාක්ෂණ හා නවෝත්පාදන රාජ්ය අමාත්ය තිලංග සුමතිපාල මහතා විසින් අදාල නිලධාරීන්ට උපදෙස් දෙනු ලැබීය. ශ්රී ලාංකීය […]
More >
Posted in Business | No Comments »
Thursday, January 2nd, 2020
By Captain Chandra Godakanda Arachchi, Gladstone LNG, Australia (Member of the Company of Master Mariners) Courtesy The Island January 2, 2020, 6:13 pm It’s just over two years since China Merchant’s Port Holding Company (CMPHC) leased Port of Hambantota for 99 years. China Merchant Port Holding owning eighty five per cent of the company whilst […]
More >
Posted in Business | No Comments »
Thursday, January 2nd, 2020
Courtesy Hiru News Project director of the Moragahakanda Multi-Purpose Project DB Wijerathna says that nobody wants to create any fear about the reported leak in the dam. Earlier, the HIRU CIA program revealed a water leak in the upper area of the main dam of the reservoir. The workers and the security guards had informed […]
More >
Posted in Business | 1 Comment »
Wednesday, January 1st, 2020
Chaturanga Samarawickrama Courtesy The Daily News The Government suspended the import of ethanol for liquor manufacturing with immediate effect, the Ministry of Finance, economic and policy development Ministry said today. They said the decision was taken following the instructions given by Prime Minister Mahinda Rajapaksa, who is also the Finance Minister. He also said required […]
More >
Posted in Business | No Comments »
Wednesday, January 1st, 2020
Courtesy Ada Deara The Central Bank of Sri Lanka has permitted two Indian private banks Axis Bank and ICICI Bank to close down their operations in the country. The Central Bank of Sri Lanka has said that it intends to take appropriate action against the banks that have not complied with the order to reduce […]
More >
Posted in Business | No Comments »
Tuesday, December 24th, 2019
By Tang Lu, Shiran Illanperuma and Chen Jian Courtesy NewsIn.Asia Colombo, December 24 (Xinhua): It was early in the morning as 25-year-old Harshana Tennekoon zipped across southern Sri Lanka’s Hambantota International Port (HIP) in his hatchback to welcome the first roll-on/roll-off (RORO) ship of the day. The massive vessel, carrying automobiles manufactured in India and […]
More >
Posted in Business | No Comments »
Tuesday, December 24th, 2019
Courtesy NewsIn.Asia Vega is powered by a 300 kw battery pack which gives it a range of 240 kilometers Colombo, December 23 (HTAuto) – Beautiful beaches, mild weather and rich cultural legacy are what are synonymous with Sri Lanka. Having its very own supercar then, is quite the contrasting picture that a company called CodeGen […]
More >
Posted in Business | No Comments »
Monday, December 23rd, 2019
ලංකා කාර්මික සංවර්ධන මණ්ඩලය ලංකා කාර්මික සංවර්ධන මණ්ඩලයට වසර 50 ක් පිරීම නිමිත්තෙන් ලංකාවේ සුළු හා මධ්ය පරිමාණ කර්මාන්ත ඇගැයීම හා දිරි ගැන්වීම සඳහා දිවයිනේ සියළුම පළාත් ආවරණය කරමින් ක්ෂේත්ර 14 ක සුළු හා මධ්ය පරිමාණ කර්මාන්ත ඇගයීමට ලක්කර, සම්මාන ප්රදානය කිරීම 2019.12.20 වැනි දින ප.ව. 2:00 ට බණ්ඩාරනායක ජාත්යන්තර සම්මන්ත්රණ ශාලාවේ දී කර්මාන්ත හා […]
More >
Posted in Business | No Comments »
Friday, December 20th, 2019
Courtesy Hiru News President and Prime Minister direct all banks to suspend the recovery of SME loans up to Rs.300 million says Finance Ministry.
More >
Posted in Business | No Comments »
Saturday, November 30th, 2019
Courtesy NewsIn.Asia Mumbai, December 1 (PTI): India’s Finance minister Nirmala Sitharaman on Saturday said about 12 global companies have evinced interest to shift their base from China to India, taking advantage of the competitive tax rate of 15 per cent announced recently. In the biggest reduction in 28 years, the government in September reduced corporate […]
More >
Posted in Business | No Comments »
Friday, November 22nd, 2019
By THOMAS W. HODGKINSON FOR THE DAILY MAIL Sri Lanka’s visitor numbers have plummeted since April due to series of terror attacks on hotels and churches The tenth of the population of the country that relies on tourism has suffered its worst year in memory Seven months on from the attacks, the Foreign & Commonwealth Office […]
More >
Posted in Business | No Comments »
Monday, November 18th, 2019
By Shiran Illanperuma Xinhua Courtesy NewsIn.Asia COLOMBO, Nov. 18 (Xinhua): Sri Lanka’s business community has expressed hope that the country’s new president would move forward with open market reforms, provide a conducive environment for local industries and attract foreign direct investments. Sri Lanka’s Elections Chief Mahinda Deshapriya on Sunday afternoon confirmed that opposition candidate Gotabaya […]
More >
Posted in Business | No Comments »
Thursday, October 31st, 2019
Embassy of Sri Lanka, Bangkok Adding boost to Sri Lanka’s growing potential as an emerging world ICT destination of choice, the Embassy of Sri Lanka in Bangkok together with the Department of Commerce of Sri Lanka, organized for the first time, the participation of Sri Lankan IT companies in the ‘Digital Thailand-Big Bang 2019 Exhibition’ […]
More >
Posted in Business, Education | No Comments »
Thursday, October 31st, 2019
Courtesy NewsIn.Asia Colombo, Oct. 31 (Xinhua) — One of Sri Lanka’s biggest tea producers is aiming to promote organic Ceylon Tea in the Chinese market as the island country has the world’s first certified organic tea garden in the Central Highlands, an official from the company said here Thursday. Alex David, manager of the Tea […]
More >
Posted in Business | No Comments »
Monday, October 28th, 2019
by Toby McDonald Courtesy The It’s the sweet-smelling spice we associate with treats at Christmas time and morish Danish pastries. But far from a luxury that will pile on the festive pounds, cinnamon could help lead the fight against diabetes – but only if it is from Sri Lanka. A sprinkle on your daily porridge […]
More >
Posted in Business | No Comments »
Sunday, October 27th, 2019
Utpal Bhaskar Courtesy livemint.com As part of India’s strategy of creating a new energy ecosystem for the neighbourhood, the Modi govt is exploring to set up an overhead electricity link with Sri Lanka The electricity link is part of India’s strategy to negate the growing influence of strategic rival China in the Indian Ocean region, […]
More >
Posted in Business | No Comments »
Friday, October 11th, 2019
Courtesy NewsIn.Asia Colombo, October 11 (newsin.asia): The Indian High Commissioner in Sri Lanka, Taranjit Singh Sandhu, said on Friday that tourist arrival figures for September this year shows that arrivals from India are about three times the number from the second-highest source. Indian tourists are back in big numbers and are driving all the supply […]
More >
Posted in Business, Politics | No Comments »
Saturday, October 5th, 2019
BY THE MARITIME EXECUTIVE 2 Courtesy Maritime Executive The underutilized port of Hambantota, Sri Lanka is set to gain a major new tenant. The Sri Lankan government has given its approval to the Singaporean company Sugih Energy International (SEI) to build a $20 billion refinery at the port. The project’s value exceeds the total of all foreign direct investment […]
More >
Posted in Business | No Comments »
Wednesday, October 2nd, 2019
Courtesy The Deccan Chronicle Whether it’s Pakistani curry, Bangladeshi biryani or Indian sambar, consumers have developed serious dependence on Indian onion supplies. But last Sunday India banned all exports from India after local prices jumped to 4,500 rupees (USD 63.30) per 100 kg, their highest in nearly six years, due to the delay in summer-sown […]
More >
Posted in Business | No Comments »
Wednesday, October 2nd, 2019
Courtesy Straits Times NEW DELHI – In India, the government gets the jitters when the price of onions, a staple in Indian cooking, go up. Onion prices have doubled and even tripled in many cities over the past few weeks, going for anything from 60 rupees (S$1.17) to 100 rupees (S$1.95) a kilogram, much to […]
More >
Posted in Business | No Comments »
Monday, September 30th, 2019
Courtesy NewsIn.Asia Boasting nearly 39 b euros in global sales IKEA currently works with 50 suppliers in South Asia sourcing products worth 500 m Euros September 30 (Daily FT) – IKEA, the Swedish-founded global home furnishings and appliances giant, has resumed sourcing from Sri Lanka with a planned increase in the number of products after […]
More >
Posted in Business | No Comments »
Sunday, September 29th, 2019
ජාත්යන්තර සිංහ සමාජය දිස්ත්රික් 306 A1 වෙනුවෙන් ජාත්යන්තර සිංහ සමාජ දිස්ත්රික් 306 A1 දිවයිනේ දකුණු වෙරළබඩ කලාපයේ ප්රජා සේවා රැසක් දියත් කරයි. මේ යටතේ පසුගියදා සෙල්ලකතරගම සහ බේරුවල ප්රදේශවල අති සාර්ථක අන්දමින් ප්රජා සේවා කඳවුරු දෙකක් අති සාර්ථක අන්දමින් පැවැත්වීමට ජාත්යන්තර සිංහ සමාජ දිස්ත්රික් 306 A1 සමත් විය. සෙල්ලකතරගම මහා විද්යාලයේදී සහ බේරුවල මාලේවන ශ්රි ඥානේස්සර විහාරයේදී පැවැති […]
More >
Posted in Business | No Comments »