ship-technology Sri Lanka Ports Authority (SLPA), China and India are investing over $700m for the development of three key ports in Sri Lanka over the next three years. India will invest $40m to upgrade the Kankesanthurai Port, which is currently in process and expected to be completed early next year. Sri Lankan Treasury has received […]

Courtesy NewsIn.Asia Colombo, July 24 (newsin.asia) – Sri Lanka’s Finance Minister, Mangala Samaraweera, on Tuesday said the island would soon have ‘tourist friendly tuk-tuk’s’ as three-wheeler’s would now not only be a mode of transportation, but the tuk tuk drivers would also serve as local tourist-guides. With more than 1 million three-wheeler drivers in Sri Lanka, Samaraweera […]

Courtesy NewsIn.Asia Colombo, July 25 (newsin.asia): India is likely to replace China as the contractor to build 40,000 houses for the war-affected people of North Lanka in view of objections to the current scheme voiced by Tamil political leaders and a section of the Lankan government. Following a heated discussion in the cabinet on Tuesday, […]

 නදීරා යුමාලි (BSc. in Agriculture) බෝග අධ්‍යයන අංශය, කෘෂිකර්ම පීඨය,  රුහුණ විශ්වවිද්‍යාලය. උපදේශනය – ජ්‍යෙෂ්ඨ මහාචාර්ය රංජිත් සේනාරත්න, හිටපු උප කුලපති, රුහුණ විශ්ව විද්‍යාලය සෞඛ්‍ය සම්පන්න, සමබල, පෝෂ්‍යදායී හා ගුණදායී ආහාර වේලක්‌ යනු සියලූ ම ජීවීන්ට තම පැවැත්ම සඳහා වූ අතිශය වැදගත් තීරණාත්මක සාධකයකි. ආහාරයක්‌ යනු මිනිසා හෝ සතුන් මගින් තම පැවැත්ම උදෙසා ආහාරයට ගනු ලබන ඕනෑම […]

July 24 (Renewables Now) – Japanese Sri Lanka Friendship (JSF) Corp celebrated on Saturday the start of solar panel production at a facility in Katunayake which became Sri Lanka’s first solar manufacturing plant. The company, a unit of Japanese firm REK CO Ltd, will sell the photovoltaic (PV) panels under the Sakura Solar brand. It […]

Courtesy Financial Tribune (Iran) Iran has described as impossible” Sri Lanka’s proposal to clear its oil debts worth $250 million to Iran with tea. Lucille Wijewardena, chairman of Sri Lankan Tea Syndicate, said the offer made by the syndicate is an attempt to get round restrictions on transactions with Iranian banks. Sales and Marketing Manager […]

TEHRAN, Jul. 22 (MNA) – The Sri Lanka Tea Board has proposed that the payments due from Iran for tea purchases from Sri Lanka be offset against the $250 million that the Ceylon Petroleum Corporation (CPC) owes to Tehran for oil. According to Sunday Times, the proposal was made to the Central Bank in the […]

මාධ්‍ය ඒකකය ශ්‍රී ලංකා මානව හිමිකම් කේන්ද්‍රය මත්තල ගුවන්තොටුපල සදහා ආයෝජන ගිවිසුම් සකස් කිරීමේ දී ජාතික අභිලාශයන් පෙරදැරිව, විනිවිද භාවයකින් කටයුතු කිරීම දේශපාලනඥයින්ගේ ද, රාජ්‍ය නිලධාරීන්ගේ ද වගකීමක් බව ශ්‍රී ලංකා මානව හිමිකම් කේන්ද්‍රයේ සහ කැෆේ සංවිධානයේ විධායක අධ්‍යක්ෂ කීර්ති තෙන්නකෝන් මහතා නිවේදනයක් නිකුත් කරමින් පවසයි.  හම්බන්තොට වරාය සම්බන්ධයෙන් වන ගණුදෙණුවේ දී කිසිදු විනිවිද භාවයකින් තොරව […]

By Suwatchai Songwanich CEO, Bangkok Bank (China) Courtesy The Nation China’s investments in deep-sea ports in Myanmar and Cambodia will provide critical links in the Belt and Road Initiative (BRI), but there are also concerns that they could give China undue economic leverage in the region. On the Bay of Bengal in Myanmar, Chinese state-owned firms […]

Courtesy Xinhua COLOMBO, July 14 (Xinhua) — Sri Lanka has announced that it is moving its centuries-old folk medicine system for protection under the international intellectual property system, local media reported Saturday. Minister of Industry and Commerce Rishard Bathiudeen said the government was working with Geneva-based World Intellectual Property Organisation (WIPO) for the last five […]

by C.A.Chandraprema Courtesy The Island July 14, 2018, 12:00 pm Last Thursday, the Professionals’ National Front (PNF) which brings together professionals from the medical, engineering, banking, IT, architectural, and many other spheres held a seminar to a packed audience at the Sri Sambuddhathwa Jayanthi Mandiraya in Thunmulla on the SL-Singapore Free Trade Agreement ahead of the […]

Chathuri Dissanayake Courtesy The First Post Colombo: Questions are now being raised in Sri Lanka over the seriousness of India’s intent to set up a joint venture for Mattala Rajapaksa International Airport in Hambantota, which has the dubious distinction of not having any scheduled flights. Almost one-and-a-half years after India submitted a proposal for gaining control over the […]

Written by Harish Damodaran | New Delhi |Courtesy The Indian Express Updated: July 15, 2018 3:40:08 am The government’s decision to raise the minimum support price (MSP) of common paddy from Rs 1,550 to Rs 1,750 per quintal this crop season may benefit farmers ahead of elections, but could impact the country’s export of non-basmati rice. The […]

Lasantha Wickramasinghe  SriLanka and Singapore signed FTA in Jan 2018 The Association of Information Technology Professionals of Sri Lanka has flayed the government over Free Trade Agreement with Singapore and planned economic agreement with India. The following is the full text of the statement issued by  Lasantha Wickramasinghe, secretary of the association: Recently, President Maithripala […]

Source:Global Times Published:2018/7/4 18:13:40 Sri Lanka’s debt problem is a hot topic nowadays. Western media outlets like the New York Times are keen to find fault with the China-proposed Belt and Road initiative (BRI). This time the South Asian island nation is their target. They are full of gloat when declaring that Sri Lanka was trapped by […]

China Daily China and Sri Lanka are committed to pushing forward cooperation on the Hambantota port project and realizing the goal of making Sri Lanka the logistics center of the Indian Ocean, said a Foreign Ministry spokesperson on Tuesday. “This is not only conducive to the economic development of Sri Lanka, but also conducive to […]

NEW DELHI, JULY 2 New Delhi has extended tariff concessions on 3,142 items to five countries including China, Bangladesh, South Korea, Sri Lanka and Laos PDR under the Asia Pacific Trade Agreement (APTA) effective from July 1, 2018. As a founding member of APTA, India is committed to strengthening the APTA process through these concessions,” […]

By Su Tan Source:Global Times Published: 2018/7/2 22:38:01 The Sri Lanka handover of its strategic Hambantota Port to China on a 99-year lease in December of last year triggered concerns worldwide. The worry, which lasts till today, was conspicuously portrayed by a New York Times report published last week. The article accuses China of using […]

by Erin Dunne  Courtesy Washington Examiner.  The Chinese government just took over a port in Sri Lanka, the island nation off the shore of India, and you should probably be concerned. Countries looking for development are increasingly looking east to China, rather than west to Europe and the United States. As America imposes tariffs on its allies […]

Courtesy NewsIn.Asia Colombo, June 26 (newsin.asia) – The People’s Daily newspaper of China selected Sri Lanka as the top global safety destination for women travelers in 2018, in a recently concluded contest, which combined the results of expert reviews, ratings and popular votes. Sri Lanka topped the list of 20 countries that were selected, including […]

by Chi Dehua Courtesy GB Times China has decided to lower duties for certain imports from India, South Korea, Bangladesh, Laos and Sri Lanka as a trade war with the US looms. According to a detailed list released by China’s Ministry of Finance (MOF) on Tuesday, starting from July 1, the five Asian nations will enjoy various levels of […]

 Courtesy The Daily Mirror  The Supreme Court in a landmark judgment, on Thursday, ordered the Ceylon Tobacco Company (CTC) to pay Rs.400,000 as costs to a smoker’s widow after the company was found to have prolonged the trial for more than 12 years by filing petitions in the Appeal Court and the SC. Chief Justice […]

Gallege Punyawardana,Head, Swarna Hansa Foundation. K. S. Perera, started smoking when he was a teenager. Later he was diagnosed with cancer caused by smoking in 1996 and died on 13th April 2001. During his life time he filed a case against the Ceylon Tobacco Company –CTC- claiming damages for manufacturing and marketing a defective product, […]

By Eurasia Review While Sri Lanka’s footprint in global boats and shipping sector is small, exports in the sector continue to surge in strong numbers, and as a result Sri Lanka is ambitiously targeting US$ 200 million boats and shipping exports by 2022, Minister of Industry and Commerce Rishad Bathiudeen says. Global ship and boat building […]

Courtesy NewsIn.Asia Colombo, June 16 (EconomyNext) – Sri Lankan hotels will need over 100,000 new workers with the number of star-class rooms expected to more than double in the next three years, given the new projects approved, Tourism Development Minister John Amaratunga said. New investments in the hotel sector amounts to USD 2.8 billion in […]

Courtesy Eurasia Review Sri Lanka’s President Maithripala Sirisena held a special discussion at the Presidential Secretariat on the Shasya Shakthi Project implemented in parallel to the Gramashakthi people’s movement, the national program of poverty alleviation. Under the first stage of the Shasya Shakthi Project, solar powered agricultural water supply systems will be introduced in 3,000 […]

Financial Tribune ( Iran) Iran has called for a meeting of its joint economic commission with Sri Lanka to be held in Tehran in August. As per our own assessment, the May 2018 state visit by the Lankan delegation to Iran was very good and productive,” said Iran’s Ambassador to Sri Lanka Mohammad Zaeri Amirani […]

By Dr.Lopamudra Maitra Bajpai Courtesy NewsIn.Asia Ice manufacturing in colonial Sri Lanka in the second half of the 19 th.century was a landmark in South Asian history.  The Sri Lankan ice making industry was the first and the earliest in the region. The name of the pioneering company has changed several times over the years. Today […]

Courtesy wionews.com  PTI Colombo, Sri Lanka Jun 10, 2018, 11.19 PM (IST) China has withheld the Hambantota Port deal’s final tranche of USD 585 million to Sri Lanka due to Colombo’s objection over its plan to use a man-made island for entertainment purposes, a media report said here today. In December last year, Sri Lanka handed over […]

Courtesy wionews.com The International Monetary Fund announced the release of the latest instalment of Sri Lanka’s $1.5 billion bailout on Saturday, but warned that restructuring the loss-making national airline was essential to sustain economic recovery. The IMF welcomed the island nation’s increase in fuel prices last month — a precondition for it to receive $252 […]