Courtesy The Standard Fourteen Chinese construction workers who were in Sri Lanka without a valid employment visa have been sentenced to jail for a year and fined Rs 50,000 (1,881 yuan) each by a Magistrates’ Court in the southern coastal city of Galle. The Chinese had arrived Colombo on one-month tourist visas. They were arrested […]

Courtesy NewsIn.Asia Colombo, March 22 (newsin.asia) – Sri Lanka’s Finance Ministry, on Friday signed a concessional loan agreement with China’s EXIM Bank to construct section one of a mega Central Expressway which will ease the island’s traffic congestion and boost tourism. The concessional loan agreement, valued at 989 million dollars was signed between China’s Ambassador […]

Courtesy Adaderana A Singapore-based company in which stakes are held by the family members of former Indian Minister of State S. Jagathrakshakan of the DMK has been linked to a record foreign direct investment of $3.85 billion in an oil refinery in Sri Lanka. However, the recent announcement by Sri Lanka’s Board of Investment (BOI) […]

Courtesy NewsIn.Asia New Delhi, March 20 (Reuters) – Oman’s oil ministry on Wednesday denied being part of a $3.85 billion plan to build an oil refinery in Sri Lanka, a day after the government in Colombo announced the Arab country’s participation. Sri Lankan officials told a news conference on Tuesday that a joint venture between […]

Courtesy Reuters NEW DELHI, March 20 (Reuters) – Oman’s oil ministry on Wednesday denied being part of a $3.85 billion plan to build an oil refinery in Sri Lanka, a day after the government in Colombo announced the Arab country’s participation. Sri Lankan officials told a news conference on Tuesday that a joint venture between […]

Courtesy Adaderana Sri Lanka announced Tuesday that an overseas joint venture had committed $3.85 billion to a new oil refinery – the single largest foreign investment in the country’s history. The Board of Investment of Sri Lanka said construction would begin this weekend on the refinery and storage facility jointly financed by Oman’s Ministry of […]

Courtesy NewsIn.Asia Colombo, March 19 (newsin.asia) – China’s global telecommunications giant Huawei, has reiterated its commitment to grow in the Sri Lankan market and introduce the 5G technology this year, the Daily FT reported here Tuesday.Huawei Technologies Lanka CEO Shunli Wang, quoted in local media reports said that Huawei had the potential to grow better in […]

Courtesy NewsIn.Asia Colombo, March 14 (newsin.asia) – The state owned Sri Lanka Ports Authority, on Thursday said that it would purchase three ship-to-shore gantry cranes from China for its deep water terminal at the Colombo Port in order to handle bigger container ships this year.  The Government Information Department said that the cabinet of ministers, […]

Embassy of Sri Lanka Sweden The Embassy of Sri Lanka in Stockholm together with the Sweden-Sri Lanka Business Council organized two events in Luleå on 03 and 04 March to promote Sri Lanka tourism and investment opportunities.  Luleå is the capital of Norrbotten County, which is home to many companies engaging in high tech research and manufacturing industries. […]

Courtesy Adaderana The Government of Japan has agreed to grant loan assistance of USD 1,800 million for the Light Rail Transit System (LRT) project that is to be implemented this year as a solution for the traffic congestion on Colombo city and suburbs, the Ministry of Finance stated, issuing a press release. Accordingly, the Japan […]

Courtesy NewsIn.Asia Colombo, March 8 (newsin.asia) – Sri Lanka’s Transport and Civil Aviation Ministry, on Friday, launched special ‘all female compartments’ in passenger trains travelling throughout the island in order to ensure the safety of female passengers, local media said. The additional compartments were unveiled on Friday morning, coinciding with International Women’s Day, on the […]

Courtesy NewsIn.Asia Colombo, March 8 (newsin.asia) – Sri Lanka’s national air carrier, Sri Lankan Airlines, operated its first all female crew flight from Colombo to Singapore and back on Friday to celebrate International Women’s Day, the airline said in a statement. The UL306 flight took off from Colombo’s Bandaranaike International Airport on Friday morning carrying […]

BY IDAH Z. PSWARAYI-RIDDIHOUGH Courtesy http://blogs.worldbank.org It’s International Women’s Day today, and there is a lot to celebrate in Sri Lanka and beyond. Being a woman, mother, sister, aunt – name it, it’s something women wake up to daily and they love it.  None of them question about being enumerated for these roles.  We marvel and revel in […]

BY IDAH Z. PSWARAYI-RIDDIHOUGH  http://blogs.worldbank.org This International Women’s Day I chose to have a conversation with a lady who is recognized as the leading Sri Lankan woman entrepreneur, Mrs. Aban Pestonjee. Her story is an inspiration to youth (male and female) and women who are afraid of failure and taking risks. Starting from a modest home-based business, […]

SUBMITTED BY BRENDEN JONGMAN ON TUE, 03/05/2019 Courtesy WB Blog Heavy rain and severe flooding brought the city of Colombo, Sri Lanka, to its knees. In China’s Yangtze River Basin, rivers spilled their banks, inundating towns and villages. In Mobile Bay, Alabama, strong ocean waves carried away valuable coastline. In each of these locations, disasters caused by […]

Courtesy NewsIn.Asia Colombo, March 6 (newsin.asia) – The Sri Lankan government, on Wednesday said that foreign construction companies who wanted to bid for local projects in the island country would only be allowed to do so by entering into a joint venture with a local construction or consultancy company. In its budget proposals for 2019, […]

Sri Lanka Business News Unilever Sri Lanka Limited, a leading bathing bar manufacturer in Sri Lanka, obtained an enjoining order in September 2018 preventing Nature’s Beauty Creations Ltd from advertising their soap ‘Chandi Panda’. The said ‘Chandi Panda’ advertisements claimed that bathing bars cannot be called ‘soap’ as bathing bars have a TFM of less […]

 Lanka Lead News යුනිලීවර් සමාගමේ ලයිෆ්බෝ‌යි සහ ලක්ස් සබන් නිපදවන්නේ නිසි ප්‍රමිතියෙන් යුත් අමුද්‍රව්‍ය යො‌දා නො‌ව වො‌ෂින් පවුඩර් හෙවත් ඩිටර්ජන්ට් යො‌දාගෙන බව පසුගියදා කො‌ළඹ වානිජ මහාධිකරණයේදී අනාවරණය විය. දේශීය සමාගමක් වූ නේචර්ස් බියුටි ක්‍රියේෂන් සමාගමේ වෙළඳ දැන්වීමකට එරෙහිව යුනිලීවර් සමාගම ගො‌නුකළ නඩුවක් පැමිනිලිකරුටම පාරාවලල්ලක් වූයේ මේ සමගිනි. පෙරකී වෙළඳ දැන්වීම මගින් තමාට පාඩුවන බවත් ඒ‌ […]

ක්‍රිෂාන් පතිරත් ජයසූරිය උපුටාගැණීම  මව්බිම ඊ.ටී.අයි. (E.T.I.) ආයතනය හා ශ්‍රී ලංකා මහ බැංකුව පිළිබඳව මේ වනවිට ඇති වී ඇති ආන්දෝලනාත්මක සිද්ධීන් නිසා ආයෝජකයන්ට මහ බැංකුව පිළිබඳව විශ්වාසයක් ඇති නොවන තත්ත්වයක් උදා වී ඇතැයිද ඡ්.ඊ.ධ්. ආයතනය පිළිබඳව මහ බැංකුව කටයුතු කර තිබෙන ආකාරය පිළිබ¼දව කිසිසේත්ම සෑහීමකට පත්වීමට නොහැකි යැයි විදුලිබල, බලශක්ති හා ව්‍යාපාර සංවර්ධන අමාත්‍ය රවි කරුණානායක මහතා […]

Courtesy NewsIn.Asia Colombo, December 31 (DailyFT): Free Trade Agreements (FTAs) are of no use” unless backed by a slew of reforms to make Sri Lanka’s economy more competitive, a highly-critical report from the Committee of Experts (CoE) appointed by President Maithripala Sirisena to evaluate the Sri Lanka-Singapore FTA has said. It recommends that any future […]

Courtesy NewsIn.Asia Colombo, Feb 25 (newsin.asia) – Sri Lanka Ports and Shipping Ministry, on Monday said it has taken steps to modernize information technology at the island’s Colombo port to transform it into a ‘smart port’ with many automated functions to improve efficiency. In a statement, Ports, Shipping and Southern Development Minister Sagala Ratnayaka said the government had […]

 lanka C news ඊ.ටී.අයි. ගනුදෙනුව පූර්ණ විනිවිදභාවයකින් තොර, අවශ්‍ය කිසිදු විශ්ලේෂණයක් නිසියාකාරයෙන් සිදු නොවූ ගනුදෙනුවක් හෙයින් එම ගනුදෙනුව නවතා දැමීමට සිදුවන බව ප්‍රකාශ කරමින් ජනාධිපති මෛත්‍රිපාල සිරිසේන මහතා ඊයේ (26දා) ජාතික ආර්ථික සභාව රැස්වූ අවස්ථාවේදී එම තීන්දුවට හවුල් වූ ආර්ථික සභාවේ සියලු දෙනා දැඩි ලෙස දෝෂ දර්ශනයට ලක් කොට තිබේ. එහිදී ගැනුම්කාර සමාගම වන පෙටිගෝ […]

Courtesy Adaderana Sri Lanka plans to issue free visa for several selected countries in a bid to attract tourists while this proposal has received Cabinet approval. The government says that it has been observed that there is a significant drop in tourist arrivals during the period from April to October compared to other months of […]

කතු වැකිය උපුටාගැණීම  මව්බිම 80 දශකයේ මැද භාගයේදී පිටරටින් ගෙන්වන කිරිපිටිවල ‘විකිරණ’ ඇතැයි ආරංචි පැතිර යෑම නිසා මහත් ආන්දෝලනයක් රට තුළ ඇති විය. සෝවියට් දේශයේ (රුසියාවේ) චර්නෝබිල් න්‍යෂ්ටික බලාගාරයේ සිදුවූ පිපිරීමක් නිසා ‘විකිරණ’ මෙලෙස කිරිපිටිවලට එකතු වී ඇතැයි පැවැසිණි. යළිත් එවැනි ආන්දෝලනයක් 2010 වසරේ ඇති වූයේ ආනයනික කිරිපිටිවල මිනිස් සිරුරට අහිතකර මෙලමයින් රසායන අඩංගු බව ‘මාධ්‍ය’ […]

By Natasha Frost & Dan KopfFebruary 23, 2019  Courtesy Quartz The dried, wrinkly black fruit of the pepper plant was once so valuable that peppercorns were used as a kind of currency. These days, the spice remains sought after despite its relative expense, featuring in virtually every meal on dining tables the world over. Demand for peppercorns is high, and […]

Courtesy NewsIn.Asia Colombo, January 14 (Daily Mirror): The Superior cinema hall in the up-market Majestic Cineplex (MC) has been closed down after bugs were found in several seats in the theatre, Colombo Municipal Council (CMC) Chief Medical Officer Dr. Ruwan Wijayamuni toldDaily Mirror on Monday. After I received the complaint this morning, I inspected the theatre together with […]

Courtesy NewsIn.Asia  Colombo, Jan 16 (newsin.asia): A Chinese funded port city project being constructed in Sri Lanka’s capital, has completed the reclamation of land from the sea and will soon be ready for the second phase, China’s CHEC Port City Colombo (Pvt) Ltd. said on Wednesday. The mega 1.4 billion dollar Colombo Port City project […]

Courtesy Physics.org Southeast Asia is the source of 95 percent of global cassava exports, and the detection in 2015 in Cambodia of the potentially harvest-devastating Sri Lankan cassava mosaic virus (SLCMV) raised alarm. By 2016, the disease, which cannot always be detected visually, had spread, showing its potential to become a major threat to the […]

Courtesy NewsIn.Asia Colombo, February 22 (newsin.asia): India and Sri Lanka on Friday signed a Memorandum of Understanding (MoU) to establish a Business Centre for ICT incubators/ accelerators in Jaffna through a grant of SLR 250 million (US$ 1. 4 million) from the Government of India. The MoU was signed by High Commissioner of India to […]

Source: Xinhua COLOMBO, Feb. 21 (Xinhua) — Sri Lanka aims to increase exports of its popular Ceylon black tea to China and will launch a mega digital advertising campaign across China by May, Chairman of Sri Lanka Tea Board Lucille Wijewardena said here Thursday. He told Xinhua that China is one of the leading markets […]