Courtesy The Daily Mirror The Board of Investment of Sri Lanka has received the approval from an expert committee to embark on a pilot project to cultivate cannabis within a BOI zone. This was revealed by Investment Promotion State Minister Dilum Amunugama during a media briefing at the BOI headquarters. The pilot project is to […]

Courtesy The Daily Mirror Russian Ambassador Levan Dzhagaryan takes questions from Daily Mirror in an interview on bilateral ties and the current position of his country on the war with Ukraine. He spells out the importance of nuclear energy cooperation with Sri Lanka. Excerpts:  QThere are reports about the energy sector cooperation between Russia and […]

Courtesy Adaderana In a significant move to address Sri Lanka’s fuel supply challenges, a contract agreement was signed with Sinopec, a leading international petroleum company. The agreement, signed today (22), marks a crucial step in ensuring a steady and uninterrupted fuel supply for the nation, the President’s Media Division (PMD) said. The signing ceremony took […]

Courtesy Adaderana Minister of Power and Energy Kanchana Wijesekara says that according to the agreement signed between Sinopec and the Ministry of Power and Energy, the state-owned Chinese company will be granted a 20-year license to operate 150 fuel stations currently operated by the Ceylon Petroleum Corporation (CPC). In a tweet, the minister said that […]

Courtesy Nation Africa Sri Lankan firm Browns Investment Plc has bought an undisclosed stake in multinational tea firm James Finlay Kenya in a deal that will see locals hold a 15 percent ownership through a co-operative. Finlay, with farms in Kericho and Bomet counties, will also retain the Saosa tea extraction facility, which will be […]

Courtesy Adaderana A Chinese state-owned firm said on Monday it plans to take its investment in Sri Lanka to $2 billion by building a major logistics hub. Sri Lanka is looking to kickstart its economic recovery after defaulting on its foreign debt last year, when shortages of essentials such as food, fuel and medicines sparked […]

Courtesy Adaderana A discussion regarding the import of maize to be used for the production of poultry feed was held at the Presidential Secretariat under the patronage of the Minister of Agriculture Mahinda Amaraweera and the President’s Senior Adviser on National Security and Chief of Presidential Staff Sagala Ratnayake. During the meeting yesterday (26), special […]

Courtesy Adaderana Sri Lanka has launched the project to build the largest commercial and logistics complex in South Asia in the Port of Colombo with an investment of USD 392 million. Agreements for the construction and operation of the South Asia Commercial and Logistics Hub (SACL) as a 50-year Build Operate-Transfer (BOT) project were formally […]

Courtesy Adaderana The Chinese Embassy in Colombo says that the country’s wildlife authorities have clarified that they are not aware of the request to export 100,000 toque macaque monkeys from Sri Lanka to a Chinese private company and that no such application has been received from any side.  Issuing a press release on the issue, […]

ANI news China’s largest oil and petrochemical products supplier and the second largest oil and gas producer is interested in the export-oriented oil refinery in Sri Lanka, but the question remains why? According to the Sri Lankan publication, Mawrata News, the friendly relationship between the two countries has been used for China’s journey to become […]

Courtesy Emirates.com Members can now bid Skywards Miles for an exclusive opportunity to visit the home of Dilmah and explore the lush tea plantations in Sri Lanka. Dubai, UAE: 14 April 2023 – Emirates Skywards, the award-winning loyalty programme of Emirates and flydubai, has partnered with Dilmah Tea to offer members an exciting opportunity to experience […]

Courtesy Ada Derana The Ambassador of Sri Lanka to Indonesia, Admiral Prof. Jayanath Colombage paid a courtesy call on Minister of Manpower of the Republic of Indonesia Ida Fauziyah on Tuesday. While expressing concerns about the current economic challenges faced by the Sri Lankan government, Minister Fauziyah agreed to exchange information on employment opportunities between […]

By Buddhika Samaraweera Courtesy The Morning Authorities of the Department of Wildlife Conservation (DWC) and the Ministry of Agriculture are currently discussing the provision of 100,000 toque macaques (a reddish brown coloured Old World monkey endemic to Sri Lanka and known as the ‘rilawa’) to China, considering a request made by the latter to the […]

Courtesy Adaderana Minister of Labour and Foreign Employment Manusha Nanayakkara says Sri Lanka has reached a bilateral agreement with the government of Japan, in order to establish training centres aimed at Japanese employment that will open up more employment opportunities in Japan which generate higher income. Minister Manusha Nanayakkara, who is on an official visit […]

Courtesy The Morning 450 SOEs incur Rs. 2,894 bn losses during 2012-2022 Sectoral regulatory agency mooted for SOEs: Siyambalapitiya A total of 450 State owned enterprises (SOEs) have incurred a loss of Rs. 2,894 billion (bn) between the years of 2012 and 2022, with the highest being recorded in 2020, according to the Ministry of […]

CNA COLOMBO :Sri Lanka’s central bank kept interest rates steady on Tuesday and expressed optimism that prices would decelerate sharply in the coming months, in its first policy decision since securing a $3 billion bailout from the International Monetary Fund. The Central Bank of Sri Lanka (CBSL) held its standing deposit facility rate and standing […]

Courtesy The Daily Mirror Restructuring of Sri Lanka Telecom (SLT) will be done by the institution that will be set up following the model of Singapore and Malaysia to run state institutions, State Minister Ranjith Siyambalapitiya  told Parliament today. Responding to a question raised by Leader of the Opposition Sajith Premadasa on the restructuring of […]

Courtesy The Daily Mirror The Sri Lankan government is seeking Russian cooperation in multiple sectors, namely, tourism, air traffic, and locomotive construction, besides eyeing crude from Moscow. Colombo is negotiating a deal to buy discounted crude from Moscow, Sri Lankan Minister of Transport and Highways and Minister of Mass Media Bandula Gunawardana told Sputnik on […]

Courtesy Pakistan Observer Sri Lanka continues its dialogue with Russia on possible purchases of oil and gas, Sri Lankan Transport Minister Bandula Gunawardana told Sputnik in an interview. Sri Lanka does not buy oil from Russia yet, however, this is to be discussed with the Ministry of Petroleum. I think we can get some win-win […]

By Nishel Fernando Courtesy The Daily Mirror The use of Indian rupee (INR) in Sri Lanka-India bilateral trade is facilitating traders from both countries to cut transaction costs by over 50 percent while enabling same day trade settlements.  Joining a panel discussion themed ‘Indian rupee denominated trade settlements between India and Sri Lanka and the […]

Courtesy NewsIn.Asia Considering the recent public inquiries and the developments observed relating to cryptocurrencies, which are also commonly referred to as crypto”, the Central Bank of Sri Lanka (CBSL) wishes to reiterate to the public of the significant risks associated with using and investing in cryptocurrency. Cryptocurrency is a type of virtual currency that is […]

Courtesy https://wholesalemanager.co.uk/ Coconutea is launching a range of six drinks to the coconut water category after it identified a gap in the UK market for premium offering. A ‘superfood in a bottle’ it combines the magic of pure coconut water and green tea celebrating the king coconut grown in Sri Lanka. With a 35% growth […]

sell-X Computers ලංකාවේ සියලුම සන්නාමයන්ගෙන් යුත් පරිඝනක අලෙවියේ දැවැන්තයා වන  sell-X Computers පුද්ගලික සමාගමේ මෙහෙයුම් කටයුතු තවදුරටත් පුළුල් කරමින්  සිය ප්‍රධාන කාර්යාලය සහ ප්‍රදර්ශනාගාරය නව පස් මහල්  ගොඩනැගිල්ලක උත්සවාකාරයෙන් විවෘත කරනු ලැබීය. ලංකාව පුරා බෙදාහැරීම් ජාලයකට සහ දකුණු පළාත සහ අගනුවර කේන්ද්‍ර කරගනිමින් පරිඝනක සහ ඒ ආශ්‍රිත උපාංග අලෙවියේ දැවැන්තයා වන sell-X Computers, ගාල්ල,  කිතුලම්පිටිය […]

Lanka Property Web (Pvt) Ltd On the 18th and 19th of March 2023, LankaPropertyWeb hosted the eighth annual Lanka Property Show in the Balmoral Hall, The Kingsbury in Colombo. The event was a huge success, with close to 10,000 visitors attending both physically and virtually, including foreign investors, and solidifying its status as Sri Lanka’s […]

Courtesy Adaderana The report on the batch of imported eggs from India is scheduled to be released tomorrow (29 March), Director General of Animal Production and Health Dr. Hemamali Kotelawala stated. However, although nearly  a week has passed since the arrival of the stock of eggs, the Department of Animal Production and Health are yet to […]

Courtesy Adaderana Minister of Power and Energy Kanchana Wijesekera says the Cabinet of Ministers has granted approval to award licenses to China’s Sinopec, Australia’s United Petroleum and RM Parks of the USA, in collaboration with multinational oil and gas company – Shell plc, to enter the fuel retail market in Sri Lanka. In a twitter message, he said that the Energy […]

Courtesy The Morning First ferry from Pondicherry due end of April $ 50 one way ticket, 100 Kg luggage allowance A new passenger terminal at Kankesanturai (KKS) port, built at a cost of Rs 144 million is to be completed by the second week of April, with the first ferry from the Indian port of […]

Courtesy Adaderana Minister of Transport and Highways Bandula Gunawardene states that permission will be granted for anyone to carry out trade activities on the sides of the roads in all parts of the island during the upcoming New Year festive season. Joining an event held in Galle, the minister expressed that the producers will be […]

Courtesy The Daily Mirror A group of Japanese investors along with Japan Deputy Head of Mission Katsuki Kotaro called on the Board of Investment (BOI) to discuss new investment opportunities in Sri Lanka. The investors had a productive discussion with Investment Promotion State Minister Dilum Amunugama, BOI Director General Renuka M Weerakone and other officials […]

Courtesy Adaderana Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe’s office said on March 20, 2023 on the eve of a desperately needed $2.9 billion IMF bailout. Mr. Wickremesinghe’s office quoted him as saying the widely expected International Monetary Fund (IMF) rescue will only give us a breathing space […]