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 […]

Courtesy Hiru News The government has decided to re-implement the Colombo Fort – Malabe light rail project as a solution to the severe traffic congestion in and around Colombo. Urban Development and Housing Minister Prasanna Ranatunga had recently submitted a Cabinet paper to obtain alternative proposals for this.Minister Ranatunga said that since thousands of public […]

Courtesy The Daily News British High Commissioner Sarah Hulton OBE and Trade Ministry officials. The UK Government launched its new Developing Countries Trading Scheme (DCTS) replacing the UK Generalised Scheme of Preferences system (GSP) was launched and under the scheme, Sri Lanka is eligible for zero tariffs on 92% of products. Over 150 additional products […]

Lanka Property Web (Pvt) Ltd Lanka Property Show, the largest real estate exhibition in Sri Lanka is being organised by LankaPropertyWeb, Sri Lanka’s leading online real estate marketplace for the 8th time this year, on the 18th and 19th of March at the Kingsbury hotel, from 8.00 a.m. to 10.00 p.m.  As one of the […]

Courtesy CNA COLOMBO : Sri Lanka has approved an anti-corruption legislation that is a key clause in the actions needed for its $2.9 billion bailout from the International Monetary Fund (IMF), a government spokesperson said on Tuesday. The proposed anti-corruption legislation is part of the IMF staff-level agreement that economic crisis-hit Sri Lanka agreed to […]

Courtesy The Daily Mirror Several credit card issuers have lifted the limits that hitherto had on overseas use, as they saw their foreign currency conditions improving substantially in the recent times, providing them a lot more room to allow their cardholders with higher spending thresholds when they travel overseas. When the country’s foreign currency conditions […]

Senaka Weeraratna Had the Roman Empire under Constantine embraced Buddhism rather than Christianity we would have had a more peaceful Europe and a more peaceful world. Historically speaking despite all the rhetoric on Peace and Human Rights, Europe remains the same. The biggest battlefield in history compared to other continents. The track record of Europe is […]

Courtesy Adaderana The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) increased by over 100 point during today’s (03 March) trading. Accordingly, the ASPI increased by 111.09 points (1.19%) to 9444.92 at today’s trading, while the turnover was recorded at Rs. 2.8 billion. Meanwhile, the S&P SL20 went up by 9.70 points […]

Pathik Hasan Dhaka, Bangladesh The economy of Bangladesh is gradually improving. As a result of the increase in the country’s GDP, the per capita income has increased and the standard of living is improving as compared to before. Although the economic momentum has been somewhat hampered in the past few years due to the corona […]

Courtesy Adaderana Earnings from merchandise exports declined by 11.3% to USD 978 in January 2023, as opposed to those recorded in January 2022. Meanwhile, the deficit in the merchandise trade account narrowed to USD 410 million in January 2023 from USD 857 million recorded in January 2022, the Central Bank of Sri Lanka (CBSL) reported. […]

Allison Hurst Courtesy Toronto CTVnews Almost six months have passed and Toronto woman Shamita Kumar is still looking for a piece of luggage her mom was supposed to have with her in Sri Lanka. “My aunt was sick, so we were really there to take care of her,” Kumar told CTV News Toronto in an […]

Courtesy Adaderana In a bid to further facilitate investors through speedy approvals for investment projects, thereby easing the ease of doing business, the Board of Investment of Sri Lanka (BOI) will be granted more powers in future, Investment Promotion State Minister Dilum Amunugama stated. He stressed that the new powers would see investors being given […]

Courtesy Times of Oman New Delhi: Sri Lanka’s Board of Investment has approved the two wind power plants of Adani Green Energy to be built in Mannar and Pooneryn at a total investment of $442 million. According to the statement released by the Board of Investment of Sri Lanka on Friday, it has issued a letter […]

Press Release LankaPropertyWeb Overseas buyer interest in Sri Lankan properties increased by 40% in 2022, compared with the year before, according to the Real Estate Market Outlook Report 2023, published by Sri Lanka’s leading real estate portal, LankaPropertyWeb. The report said that traffic from overseas countries such as the United Kingdom, Australia, the United States, […]

Courtesy Adaderana Facing a dire national financial crisis and an urgent need to generate foreign currency income, state-owned SriLankan Airlines (SL) is restructuring and expanding its network to markets that were strong in the pre-Covid period, including Australia, and China. India remains the flag-carrier’s largest market, though flights have been reduced from 125 to 90 […]

Courtesy Adaderana The Board of Investment of Sri Lanka (BOI) has issued a letter of approval to India’s Adani Green Energy Limited for the two wind power plants to be set up in Mannar and Pooneryn at a total investment of USD 442 million.  The project will add 350 MW of electricity to the national […]

Courtesy Adaderana The All Share Price Index (ASPI) of the Colombo Stock Exchange has recorded a massive gain of 233.97 points to close at 9,082.33 points at the end of trading today (Feb. 20). This is an increase of 2.64 percent. According to reports, the massive gain was recorded as a result of increased investor […]

Courtesy Adaderana Sri Lankan Minister of Ports, Shipping and Aviation Nimal Siripala de Silva has said the government will spend around USD132 million on port development projects. These investments would be made through revenue generated from port operations, the minister said on Saturday night. Speaking at an event in Colombo, the minister said the government […]

අග්‍රාමාත්‍ය මාධ්‍ය අංශය  යුරෝපයේ රටවල්හරහා භාණ්ඩ ප්‍රවාහනය කරන ලිතුවේනියාවේ ප්‍රමුඛ සමාගමක් ට්‍රක් රථ රියදුරන් හය සියක් බඳවා ගැනීමට සූදානම් වෙයි .ඒ සඳහා ශ්‍රී ලාංකිකයන්ට අවස්ථාව ලබාදෙන බව ලිතුවේනියාවේ Manvesta ප්‍රවාහන සේවයේ ජේෂ්ඨ අධ්‍යක්ෂ ධනා ජැනරිකෙඒට් මහත්මිය පවසයි. ඇය ඇතුළු නියෝජිත පිරිසක් 2023.02.13 දින අරලියගහ මන්දිරයේ දී අග්‍රාමාත්‍ය දිනේෂ් ගුණවර්ධන මහතා හමුවූහ. මෙම කඩිනම් බඳවා ගැනීම […]

Courtesy The Nation LAHORE   –   Governor Punjab Muhammad Balighur Rehman has said Pakistan and Sri Lanka have cordial relations and exist­ing bilateral coopera-tion be­tween the two countries can be further expanded. Talking to a delegation of Sri Lanka – Lahore Business Council, led by Honor-ary Consul General of Sri Lanka, Yasin Joya, during a meeting […]

Courtesy AP News COLOMBO, Sri Lanka (AP) — Debt-stricken Sri Lanka is fast-tracking efforts to seal a stalled trade pact with Thailand in order to boost trade and tourism, and improve the foreign currency shortage that has led to its worst economic crisis, a government minister said on Tuesday. Sri Lanka began talks with Thailand on a […]

By Kelum Bandara Courtesy The Daily Mirror Maritime resources on the Indian side of the sea have already been destroyed. We cannot allow further damage to our resources The fisheries issue is a long standing irritant to bilateral ties between Sri Lanka and India In response to a proposal for the introduction of a license system […]

Courtesy Financial Express RCPL launched its packaged consumer products brand, ‘Independence’ in December 2022 and is creating a distinct and dedicated retail distribution network for its fast-expanding FMCG portfolio. RCPL’s vision is to bring to Indian consumers a bouquet of domestic and globally recognised consumer brands and product choices, the company said. (File) Reliance Consumer […]

Courtesy the cryptobasic.com The project aims to address concerns surrounding the use of electric vehicles while concurrently promoting climate action. eTukTuk, the world’s first Cardano-based automotive project, has announced its plans to launch operations in the South Asian nation of Sri Lanka. This development, announced at this year’s World Economic Forum in Davos, has the […]

Courtesy The Indian Express The order is a part of a Line of Credit extended by Export-Import Bank of India, under the Economic Assistance Scheme of the Indian government. Over 5,000 Ashok Leyland buses are currently in operation with SLTB. (Representational Image) Commercial vehicle maker Ashok Leyland on Wednesday said it has bagged a contract […]

Courtesy NewsIn.Asia Jan 17 (AdaDerana) – A delegation of investors from the United Arab Emirates, led by His Royal Highness Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, visited Port City Colombo on the 14th of January 2023, during a special visit to Sri Lanka for the purpose. Discussions were held between the members of […]

Courtesy The Firstpost With the help of Vostro account in local currency, Sri Lanka will be able to seamlessly import from neighbouring India without worrying about its depleting dollar supply. New Delhi: Economic crisis-hit Sri Lanka has been keen to trade in the Indian rupee and to speed up the process, an Indian public sector bank […]

Courtesy NDTV As part of its ‘Neighbourhood First’ policy, India has extended multi-pronged assistance to Sri Lanka. Colombo:  India has handed 75 passenger buses to Sri Lanka as part of its assistance towards strengthening public transport infrastructure in the cash-strapped country. As part of its ‘Neighbourhood First’ policy, India has extended multi-pronged assistance to Sri […]