Courtesy NewsIn.Asia Colombo, Aug 28 (newsin.asia) – Sri Lanka’s popular clothing store, Cotton Collection Private Limited divested its shares to ODEL PLC on Tuesday after the brand was bought over by the Softlogic Group. The much sought-after brand was bought by the Softlogic Group as it was the perfect fit for their well-established, diverse retail network […]

by Jamila Najmuddin Courtesy NewsIn.Asia Colombo, Aug. 28 – Sri Lanka hoped to attract more Chinese investments under the Belt and Road Initiative and aimed to increase trade and investment ties with other global partners in order to emerge as a dynamic trading hub, a Sri Lankan minister said on Monday. State Minister of National Policies […]

Viet Nam News Update: August, 24/2018 – 07:00 HÀ NỘI — Việt Nam welcomed San Francisco’s landmark verdict against Monsanto and called upon the company to pay compensation for Agent Orange victims in Việt Nam, deputy foreign ministry spokesperson Nguyễn Phương Trà told a press briefing in Hà Nội on Thursday. The verdict serves as a […]

By Eurasia Review Sri Lanka’s government will develop the Colombo Port’s East Container Terminal (ECT) to be the largest and deepest container terminal in South Asia without any foreign funding, Ports and Shipping Minister Mahinda Samarasinghe said Thursday. He said he would submit the proposal and blueprint of the development plan to the Cabinet shortly. The […]

Courtesy Adaderana China wants to build houses and roads in Sri Lanka’s north, much of which is in a state of disrepair nearly a decade after the end of civil war, Chinese and Sri Lankan officials said, in a bid to expand it influence beyond the island’s south. China’s latest push in the Indian Ocean […]

Courtesy NewsIn.Asia Beijing, Aug 23 – Sri Lankan Ambassador to China Karunasena Kodituwakku on Wednesday strongly pushed back recent media reports criticizing Chinese investments in his country, saying that Sri Lanka was not forced to accept investments and loans from China and wants to continue cooperation with China under the Belt and Road (B&R) initiative. […]

Courtesy NewsIn.com Colombo, Aug 21 (newsin.asia) – The Sri Lankan government will renew its search for an investor for its national air carrier, Sri Lankan airlines within the next three months through public call for offers, Advisor to the Finance Ministry, Mano Tittawella said Tuesday. In a local media report, Tittawella said the public private […]

Courtesy NewsIn.Asia Colombo, Aug 20 (Daily FT) – China is confident of completing their multiple investments in southern Sri Lanka with the fourth phase of the highway from Mattala Airport to the Hambantota Port and the Matara-Beliatta railway extension likely to be completed by January 2019, top officials said. The railway project, funded by a […]

Just about six months into its operations, and the Hambantota port is gearing up to become the No. 1 port in the region. A combination of factors, carefully designed and put together is set to propel this port to the top slot in the maritime world map; a place well deserved considering the port’s unique […]

Courtesy Asianews.it Since the start of this year, the printing presses of state-owned companies are working at full capacity. Company sources are saying that only a small part of their work is printing yuan. Thailand, Bangladesh, Sri Lanka, Malaysia, India, Brazil and Poland are among the countries that rely on China. Currency is a symbol […]

ඉෂාරා සිල්වා , උදයන්ති මුණසිංහ උපුටාගැණීම  මව්බිම සිංගප්පූරු වෙළෙඳ ගිවිසුමට අදාළව නිකුත් කර ඇති ගැසට් නිවේදන අත්හිටුවමින් රේගු අධ්‍යක්ෂ ජනරාල් වෙත නියෝගයක් නිකුත් කරන්නැයි ඒකාබද්ධ විපක්ෂය නියෝජනය කරන පාර්ලිමේන්තු මන්ත්‍රි ආචාර්ය බන්දුල ගුණවර්ධන ජනාධිපතිවරයාගෙන් ඉල්ලීමක් කරයි. ජනාධිපතිවරයා විසින් සිංගප්පූරු ගිවිසුම සම්බන්ධයෙන් විද්වත් කමිටුක් පත්කිරීම පිළිබඳ බෙහෙවින් සතුටු වන නමුත් අශ්වයා පැන ගියාට පසු ඉස්තාලය වසා වැඩක් […]

උපුටාගැණීම  මව්බිම ශ්‍රී ලංකා – සිංගප්පූරු නිදහස් වෙළෙඳ ගිවිසුම පිළිබඳ විශේෂ අධ්‍යයනයක් කොට වාර්තා කිරීම සඳහා ජනාධිපති මෛත්‍රිපාල සිරිසේන මහතා ස්වාධීන විශේෂඥයන්ගෙන් සැදුම්ලත් කමිටුවක් පත් කොට තිබේ. මෙම ගිවිසුම සම්බන්ධයෙන් විවිධ පාර්ශ්වයන්ගෙන් ජනාධිපතිවරයා වෙත ලැබී ඇති අදහස් සලකා බලමින් මෙම කමිටුව පත් කර ඇත. කොළඹ විශ්වවිද්‍යාලයේ හිටපු උප කුලපති, විශ්‍රාමලත් ආර්ථික විද්‍යා මහාචාර්ය ඩබ්ලිව්.ඩී. ලක්ෂ්මන් […]

 විමල් වීරවංශ ඒකාබද්ධ විපක්‍ෂයේ පාර්ලිමේන්තු මන්ත්‍රි නිමල් සිරිපාල ද සිල්වා වැනි තමාට වැඩ බැරි බව පිළිගනිමින් තමා යටතේ පවතින උපාය මාර්ගික වශයෙන් රටට ඉතා වැදගත් ආයතනයක් විකුණා දැමිය යුතු යැයි මහජනයාට කියන ඇමැතිවරයකු ගැන විශේෂයෙන් කතා කිරීමට දෙයක් නැත. නමුත් නීතිඥවරයකු වන ඔහු අදාළ පනත සංශෝධනය කොට මත්තල ගුවන් තොටුපොළ සමාගම පිහිටුවා එම සමාගමේ කොටස්වලින් […]

Courtesy NewsIn.Asia Colombo, August 7 (newsin.asia): The Indian High Commissioner in Sri Lanka, Taranjit Singh Sandhu, stressed the substantial” advantages that Sri Lanka will have if it links up with India, which is the sixth largest and the fastest growing major economy in the world today. Addressing the Sri Lanka-India Society (SLIS) at a function […]

Did you know that the vast majority of the products you buy are all owned by a small number of all-powerful super companies? Alltime 10s brings you the lowdown on the big brands that are secretly pulling the strings of all the brands you use. https://youtu.be/FbyNp-5U6pg

Courtesy NewsIn.Asia Colombo, Aug 6 (Xinhua) – Sri Lanka’s southern Hambantota port is gearing up to become a leading port in the Indian Ocean region, a port official said on Monday. CEO of the Hambantota International Port Services (HIPS) Ravindra Jayawickreme said the location of the Hambantota port had always been extremely advantageous as it […]

Courtesy Firstpost New Delhi: Holding the tenth round of talks for widening the scope of existing free trade agreement in goods, India and Sri Lanka are aiming at concluding the negotiations by December 2018. “The talks are going at a healthy pace and both the countries are targeting to conclude the talks by December for the […]

Courtesy Prensa Latina New Delhi, Aug 5 (Prensa Latina) India and Sri Lanka are celebrating the tenth round of talks to expand the scope of the free trade agreement, in negotiations that are likely to conclude in December, as reported today in this capital. The talks are going at a healthy pace and both countries […]

Press Trust of India  Sri Lanka govt had announced that it will go ahead with the deal with India to jointly operate the $210 million Mattala Rajapaksha International Airport at Hambantota The Sri Lankan government is reworking on the draft of a memorandum of understanding to hand over the management of Mattala Rajapaksha International Airport at Hambantota to Indian […]

By James Petras   Courtesy Eurasia Review For decades and longer, the United States and Europe lectured and encouraged countries in Latin America, Africa and Asia to welcome and accept foreign investment as the virtuous path to modernization, growth and prosperity. With few notable exceptions western leaders and academics promoted unlimited flows of capital (and the outflows […]

By AFP Courtesy Daily Mail The huge port under construction in Colombo straddles the world’s busiest east-west shipping route and also gives a strategic foothold to China in a region long dominated by India Sri Lanka’s central bank on Friday announced it had secured a $1 billion Chinese loan as the island, a key link in Beijing’s […]

Courtesy wionews A Communist Party on Friday said that Sri Lanka is a partner in China’s ambitious One Belt One Road initiative. This multi-billion initiative of Chinese President Xi Jinping focuses on improving connectivity and cooperation among Asian countries, Africa, and Europe. Guo Yehou, a Chinese Vice Minister, met Sri Lankan Prime Minister Ranil Wickremesinghe […]

By Hiran H.Senewiratne Courtesy The Island Sri Lanka will lose the chance of becoming a ship-building hub  in the region due to the  government’s regulations pertaining to the ship-building industry  and the country’s tax structure. If the government supports this sector, the country could earn a large sum of foreign exchange, Executive Vice President, Walkers CML […]

P MANOJ Courtesy The Hindu Business Line MUMBAI, AUGUST 2 Colombo port, which thrives on Indian cargo containers that passes through it, has cut transshipment rates by 9.5 per cent after India lifted cabotage restrictions in May, allowing foreign ships to operate on local routes to reduce the country’s dependence on the neighbouring hub to transport […]

AMRITA NAIR GHASWALLA Courtesy BusinessLine MUMBAI, AUGUST 2 As China rushes to invest in more ports in Sri Lanka, India views with concern the Asian neighbour’s bid to increase its footprint in the Indo-Pacific region. China also recently gifted a naval frigate to the island nation. Sri Lanka has started to emerge as the new battleground […]

Courtesy  The Guardian Iron cannons installed by the Dutch to ward off colonial rivals still line Galle Face Green, a grassy, mile-long promenade along the Colombo seafront. Further out to sea, within range of the guns, a new world power is leaving its mark on Sri Lanka’s capital. Currently, Port City is just a flat […]

By Shivanthi Ranasinghe Courtesy Ceylon Today Maithripala Sirisena insists that he will carry out the death penalty. His mere statement has caused an avalanche of protests. EU has threatened to withdraw the Generalized Scheme of Preference (GSP+) facility. International NGOs have warned the Government of dire consequences if the moratorium on the death penalty was lifted. […]

Courtesy The Daily Mirror Sri Lanka is a key component of the 21st Century Maritime Silk Road with Hambantota Port and Colombo Port City as the two flagship projects of the pragmatic cooperation between China and Sri Lanka under the Belt and Road Initiative (BRI), Chinese Ambassador Cheng Xueyuan said yesterday. In a statement, he […]

Courtesy NewsIn.Asia Colombo, July 28 – China’s Belt and Road Initiative (BRI), trade and infrastructure initiatives and investments in Sri Lanka’s ports could be seen as an opportunity and not a threat, the EconomyNext quoting head of Sri Lanka’s biggest business chamber said. Rajendra Theagarajah, Chairman of the Ceylon Chamber of Commerce said Sri Lankan […]

Courtesy NewsIn.Asia New Delhi, July 26 (PTI): The Indian Civil Aviation Ministry today said there is no proposal under consideration for the Airports Authority of India (AAI) to buy a controlling stake in Sri Lanka’s Mattala Rajapaksa International Airport, the Press Trust of India reported. The Ministry’s comments come less than a week after the […]