By NewsIn.Asia  Colombo, March 26 (newsin.asia) – Sri Lanka’s Colombo Port has been ranked the 13th best connected port in the world in 2017, moving up five places from 18, a year earlier, an index compiled by Drewry, a UK based shipping and maritime consultancy, showed here Monday. Colombo had scored 28.6 points in the […]

By Editor on March 26, 2018 newsin.asia  Colombo, March 26 (newsin.asia) – The Sri Lankan government together with China’s CHEC has put out advertisements in the Sri Lankan press calling upon Sri Lankans to suggest an attractive name for a mega 1.4 billion dollar port city project currently being constructed near the Colombo Harbour. Presently known as ‘Port City […]

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Courtesy The Island The Government Medical Officers’ Association (GMOA) yesterday called for a Presidential intervention to halt the outsourcing of the laundry in government hospitals to an Indian Company. GMOA Secretary Dr Haritha Aluthge warned that all health service trade unions would unite in fighting against such projects. Dr. Aluthge said the parties involved in […]

Lasantha Wickramasinghe Sri Lankan government is in the eve of signing a free trade agreement with Singapore (Or might have signed by the time this is published). As Professionals’ National Front, we have observed serious violations of the law, best practices and hence the good governance in the negotiation process of the free trade Agreement. […]

Courtesy  The Daily Mirror Ahead of the government’s move to sign a Free Trade Agreement (FTA) with Singapore, a collective of professional movements said yesterday there were serious violations of the law, best practices and good governance in the negotiation process of the agreement. Issuing a communique, they said they took steps to inform all […]

By Hiran H.Senewiratne Courtesy  The Island Share prices have declined in the banking and financial sector counters during the last couple of days and this trend will continue for some time. Meanwhile, the bond scam and the country’s political uncertainty are having a dampening effect on the CSE, stock analysts said. Quarterly profits of many companies […]

www.thenews.com.pk COLOMBO: Sri Lanka aims to raise $500 million this month via development bonds and is in the process of divesting two state-owned hotels, the central bank and a ministry said on Monday, as the government faces unprecedented debt repayment this year. President Maithripala Sirisenea´s administration must repay an estimated 1.97 trillion rupees ($12.85 billion) […]

By Manushi Silva Courtesy adaderana The Monetary Board of the Central Bank has decided to extend the suspension of Perpetual Treasuries Limited (PTL) to function as a Primary Dealer for further six months with effect from today (January 05). The Central Bank said the suspension was extended to continue its own investigations into the dealer. Perpetual Treasuries […]

තොරතුරු තාක්‌ෂණ වෘත්තීයවේදීන්ගේ සංගමයේ ලේකම් ලසන්ත වික්‍රමසිංහ  වෘත්තිකයන්ගේ ජාතික පෙරමුණ විසින් පසුගියදා කොළඹ මහජන පුස්‌තකාල ශ්‍රවනාගාරයේදී ‘රට විකිණීමට එරෙහිව් පැවැත්වූ සම්මන්ත්‍රණයේදී තොරතුරු තාක්‌ෂණ වෘත්තීයවේදීන්ගේ සංගමයේ ලේකම් ලසන්ත වික්‍රමසිංහ මහතා විසින් එට්‌කා ගිවිසුම සහ ශ්‍රී ලංකාවේ ආර්ථික ඝාතකයෝ යන තේමාව යටතේ පැවැත්වූ දේශනය:  එට්‌කා ගිවිසුම සම්බන්ධයෙන් ප්‍රධාන වගකීම දරන අමාත්‍ය මලික්‌ සමරවික්‍රම මහත්තයාට මේ රටේ සංවර්ධනය […]

Courtesy MAIL ON LINE Pumps dredge sand to reclaim land at the site of a Chinese-funded $1.4 billion reclamation project in Colombo, Sri Lanka on December 5, 2017, a deal that preceded a new $1 billion investment in three 60-storey buildings near the country’s main port China will invest $1 billion in the construction of […]

COLOMBO, Jan 2 (Reuters) – Sri Lanka’s central bank said on Tuesday it had taken action against two distressed financial companies to safeguard the overall financial system. It appointed a panel to manage Swarnamahal Financial Services PLC and its parent company ETI Finance Ltd, while curbing withdrawals of maturing deposits for six months, citing a […]

By Kelum Bandara Courtesy The Daily Mirror When Minister of Plantation Industries Navin Dissanayake said that unofficial reports suggested that Russia’s restriction on the tea trade was due to Sri Lanka’s decision to ban the import of Asbestos roofing materials, it threw some light on how relations between the two countries remained strained despite utterances, couched […]

Kelum Bandara Courtesy The Daily Mirror Russia agreed to lift the restriction on tea trade with Sri Lanka on condition that all shipping containers were thoroughly cleaned and disinfected under the supervision of the National Plant Quarantine Service, prior to loading to ensure they did not contain plant matter or pest species, Sri Lanka’s Ambassador in […]

Courtesy  XINHUANET, Adaderana A team of technical experts from Russia will visit Sri Lanka in January to examine plant quarantine procedures in the island country, the Sri Lankan Foreign Ministry said Wednesday (27). The move came after Russia temporarily suspended all tea imports and other agricultural products from Sri Lanka after a beetle was found […]

Source: Global Times Published: 2017/12/24 19:13:39 Editor’s Note: Given its prominence to China’s Belt and Road initiative (BRI), South Asia has long been a topic of economic, political and cultural discussion. Recently, the region was again thrust into the media limelight following the Doklam standoff between China and India, US President Donald Trump’s advocacy of the concept of “Indo-Pacific,” […]

Courtesy Adaderana Russia has decided to lift the ban imposed on tea imports from Sri Lanka with effect from December 30 following discussions, Sri Lanka’s Ambassador to Moscow Dr. Saman Weerasinghe said. A delegation from Sri Lanka, comprised of representatives from the Ministry of Plantation and Ceylon Tea Board, left for Russia last week for […]

Embassy of Sri Lanka Washington D.C The Board of Directors of the United States Millennium Challenge Corporation (MCC) reselected Sri Lanka for its grant programme at its meeting on December 19. This will enable MCC to continue developing its compact programme with the government of Sri Lanka for which Sri Lanka was selected a year ago, […]

By Sanchith Karunaratna Courtesy Adaderana The Cabinet decided to lift the ban on the use of white asbestos for state institutions but will continue the full ban on blue asbestos with effect from January 1, 2018. Government had taken a policy decision to limit import of raw material required to manufacture asbestos on September 06, 2016 which […]

By Professor Rohan Rajapakse, Senior Professor of Agricultural Biology Dr. Wolly Wijayaratne Senior Lecturer in Pest Management Rajarata University of Sri Lanka Tea consignments from Sri Lanka to Russia were found to have a Khapra beetle a few days ago. Consequently, Russia restricted the importation of agricultural products from Sri Lanka. Sri Lankan tea, which accounts […]

Courtesy  BBC Sri Lanka is making a special appeal to Russian President Vladimir Putin to remove a ban on Ceylon tea. Two ministers are leading a delegation to Moscow to request the suspension on Sri Lankan tea imports is lifted. Imports were halted last week after Russia found an insect known as the Khapra beetle […]

Courtesy The Daily Mirror In its effort to secure a lift of the restriction on tea trade, the Sri Lanka embassy in Moscow initiated communication with the Russian authorities and await a response, an official here said yesterday. Russia said it would impose a temporary restriction on imports of all agricultural products from Sri Lanka, […]

Courtesy The Times (UK) David Cameron has been cleared to take on a role leading a billion-dollar investment initiative between Britain and China set up by a friend. The former prime minister played a key part in efforts to boost trade links with Beijing while he was in Downing Street and Philip Hammond, the chancellor, […]

From Azeman Ariffin Courtesy BERNAMA COLOMBO (SRI LANKA), Dec 16 (Bernama) — The framework for the Malaysia-Sri Lanka Free Trade Agreement (FTA) is one of the main issues to be discussed in Prime Minister Datuk Seri Najib Tun Razak’s three-day official visit to the country, beginning tomorrow. The charge d’affaires at the Malaysian High Commission in Sri […]

Press Trust of India,Hong Kong, Dec 17 2017, 17:04 IST Leading multiplex operator PVR is scouting overseas destinations for expansion and plans to open its first project in Sri Lanka in next two years, a top company official has said. Besides Sri Lanka, the Gurgaon-based firm is also looking for other neighbouring countries like Myanmar […]

BY RAVI LADDUWAHETTY Courtesy Ceylon Today The Sri Lanka Tea Board will not take any punitive action against the exporter involved in a shipment of tea to Russia that contained a beetle which led to a temporary ban on imports to that country, a topmost official said yesterday. The Russian Federation has clamped a total ban […]

By Steve A. Morrell Courtesy The Island December 17, 2017, 8:21 pm International news agencies reported recently that Russian agricultural authorities had found an insect, known as the Khapra beetle, in the packaging of one consignment of tea from Sri Lanka. The Sri Lankan authorities and the Tea Board have ramped up their attempts to effectively […]

Courtesy The Island December 15, 2017, 10:51 pm Russia will place temporary restrictions on imports of all agricultural products from Sri Lanka, including tea, from Dec. 18, a report published by the Indian Express said quoting the Russian agricultural safety watchdog Rosselkhoznadzor. The IE report said: The watchdog said it had taken the decision to […]

By Hiran H.Senewiratne Courtesy The Island Stock prices at the Colombo Stock Exchange (CSE)  in plantation sector  counters dropped yesterday with reported restrictions on Sri Lankan agricultural exports, including Ceylon tea,  from December 18, by  the Russian agricultural safety watchdog Rosselkhoznadzor. On the previous day plantation sector counters picked up in the stock market but with […]

Courtesy The Daily Mirror The Sri Lanka Tea Board said today that the detection of an insect which led to the temporary ban of Ceylon Tea imports into Russia may have been an isolated incident, and that Plantation Industries Minister Navin Dissanayake would visit Russia to clear the situation. This Thursday, the Russian Federation banned […]