Courtesy CGTN The People’s Republic of China and the Democratic Socialist Republic of Sri Lanka issued a joint statement on Friday deepening bilateral traditional friendship and expanding mutually beneficial cooperation. The China-Sri Lanka strategic cooperative partnership based on sincere mutual assistance and everlasting friendship has become a fine example of friendly interactions and mutually beneficial […]

Courtesy Hiru News Former British Prime Minister David Cameron emphasized the pivotal role of Colombo Port City in Sri Lanka’s economic prosperity during his participation in a promotional event in Dubai. The event’s theme underscored the investment opportunities in the “Now is the time to invest in the port city of Colombo, Sri Lanka.” It […]

N. SAI CHARAN Courtesy The Hindu As per the revised schedule, the high-speed craft Cheriyapani will ply between the two places only on October 16, 18, 20, and 23, say sources. A day after its launch, the operation of the high-speed passenger ferry service between Nagapattinam in Tamil Nadu and Kankesanthurai in the northern province […]

Courtesy Adaderana State Minister of Investment Promotion Dilum Amunugama on Friday (Oct. 13) announced plans to establish a Japan-Sri Lanka Free Trade Zone here. The lawmaker mentioned that Bingiriya and Iranavila areas have been selected for this purpose. His remarks came during a news conference at the Presidential Media Centre, held under the theme ‘Collective […]

Courtesy The Daily Mirror The HIP RORO team Vehicles awaiting transhipment at the RORO yard The Hambantota International Port (HIP) has achieved a milestone by handling over half a million transshipment units by September, exceeding the port’s previous year’s roll-on/roll-off (RORO) figures. As the global economy recovers gradually, we continue to aggressively market our location […]

by Gulf News Looking to enter Sri Lanka’s resurgent tourism sector? Hilton Colombo is a perfect choice On the back of falling inflation rate and rising tourism revenue, the World Bank has revised its forecast for the Sri Lankan economy. It is now expected to expand by 1.7 per cent in 2024, up from an […]

Courtesy CGTN Faced with internal conflicts and economic crises, Sri Lanka has been seeking development opportunities. Colombo Port City represents an expansion of the commercial capital. A key project under China’s Belt and Road Initiative, the development is intended to become a global tourism and investment hub. Situated at the crossroads of the Asia-Pacific and […]

Courtesy Adaderana SriLankan Airlines has apologised for the extensive cancellation of flights recently, attributing the matter to technical faults. Issuing a statement in this regard, the national carrier explained that a number of technical faults resulted in the temporary grounding of several aircraft, as part of the routine procedures followed during aircraft maintenance. Aircraft maintenance […]

Courtesy Business Recorder COLOMBO: Sri Lanka’s central bank is expected to further loosen monetary policy on Thursday, albeit by a smaller degree than previously, as it looks to use the rapid decline in inflation as an opportunity to foster growth and put the economy firmly on a path of recovery. The median estimate in a […]

Courtesy Adaderana In a significant stride towards enhancing bilateral relations, the High Commissioner of Sri Lanka to Kenya Kananathan and the Prime Cabinet Secretary of Kenya, Musalia Mudavadi held a successful meeting aimed to advance mutual interests in trade, investments and collaboration across various sectors. The discussions underscored the commitment of both nations to foster […]

Courtesy Adaderana State Finance Minister Ranjith Siyambalapitiya says that a Gazette notification is expected to be issued this week relaxing restrictions on import of lorries, trucks and buses used for public transport. However, regarding the import of other vehicles, financial analysts say that the import of other vehicles will be further delayed considering the existing […]

Courtesy The Daily Mirror Following improved activity from the shippers to Iran following the ‘Tea for Oil’ agreement, this week’s Colombo Tea Auction saw increased demand for the better teas in the High and Mid Grown sector and Low Grown Small Leaf/Tippy teas. However, the total auction offerings were marginally lower and totalled 5.9 million […]

Courtesy The Daily Mirror The Embassy of Sri Lanka in Moscow has initiated direct employment opportunities for Sri Lankan skilled migrant workers in the Russian Federation, in collaboration with the Sri Lanka Foreign Employment Agency (SLFEA), a fully-owned state organisation in Sri Lanka.  The Embassy of Sri Lankan in Moscow said in an announcement that […]

 BY SHWETA SHUKLA Courtesy Aviation A2Z Emirates, which formerly held a 40 percent stake in SriLankan Airlines, might consider responding to the Sri Lankan government’s intention to privatize the airline. Photo: By Oliver Holzbauer, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=53168656 166 SHARES WhatsappShare on FacebookShare on Twitter COLOMBO- According to CEO Richard Nuttall, SriLankan Airlines (UL), poised for privatization […]

Courtesy The Financial Express The core objective of the Sri Lanka Unique Digital Identity Project (SL-UDI) is to gather biographic and biometric information, such as facial, iris, and fingerprint data. India has extended crucial financial support to Sri Lanka’s unique digital identity project with an advance payment of INR 450 million. The project is a […]

Courtesy Adaderana Governor of the Central Bank of Sri Lanka (CBSL) has urged licensed commercial banks to take immediate measures to adequately reduce lending rates in view of the recent reduction of policy interest rates. Dr. Nandalal Weerasinghe, in a letter directed to the Sri Lanka Banks’ Association (SLBA) chairman, said the Central Bank would […]

Courtesy Adaderana Restrictions imposed on imported goods will be further relaxed later today (July 20), State Minister of Finance Ranjith Siyambalapitiya says. Thereby, import restrictions on 328 more items will be eased. The lawmaker said the gazette notification announcing the import restriction relaxation would be published tonight. The announcement comes a month after the government […]

Courtesy Adaderana The Spokesman for India’s Ministry of External Affairs, Arindam Bagchi, has revealed India’s willingness to further expand financial economic relations between Sri Lanka and India. Speaking on President Ranil Wickremesinghe’s visit to India, Bagchi said We would like to steepen this financial economic connection, but I think it’ll be premature for me to […]

Courtesy Adaderana The European Commission has suggested that the current GSP+ (Generalised Scheme of Preferences Plus) scheme be extended by 04 years, amidst the ongoing negotiations for the EU’s new GSP+ arrangement. Taking to Twitter, the Delegation of European Union (EU) to Sri Lanka has mentioned that as one of Sri Lanka’s largest trading partners […]

By Asiri Fernando Courtesy The Morning The Government will appoint a committee to evaluate the proposal submitted by the Indian Oil Corporation (IOC) for an oil distribution pipeline connecting Nagapattinam, Tamil Nadu to Trincomalee and Colombo, the Ministry of Power and Energy said yesterday (15). The proposal comes days before President Ranil Wickremesinghe is to […]

Courtesy NDTV Sri Lankan President Ranil Wickremesinghe, also the Sri Lanka’s finance minister, made this remark while addressing the Indian CEO Forum this week. Sri Lanka would want to see the Indian Rupee used as much as the US dollar, President Ranil Wickremesinghe has said, days ahead of his first official visit to New Delhi. […]

Courtesy Adaderana The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) crossed the 10,500-point mark at the end of trading today (14 July). Accordingly, the ASPI gained 103.50 points today, closing at 10,595.02 points. Meanwhile, the day’s turnover was recorded at Rs. 2.70 billion, while the S&P SL20 went up by 60.88 […]

Courtesy Adaderana

BY SU WU  Courtesy Simple Flying As the summer travel peak approaches, Air China and other Chengdu-based airlines are increasing domestic and international flights to seize the market According to Air China, its Southwest Branch, which is based in Chengdu, a hub city in Southwestern China, will launch, resume, and put extra flights from Chengdu to […]

Courtesy Adaderana The Civil Aviation Authority of Israel has confirmed that a Memorandum of Understanding (MoU) will be signed by the relevant authorities of Israel and Sri Lanka in order to commence the air service of providing direct passenger flights from Tel Aviv in Israel to Katunayake. During a discussion held in this regard, Minister […]

Courtesy Seychellesnewsagency The airline’s inaugural flight on its Airbus A320 landed at Bandaranaike International with 110 passengers onboard. (Air Seychelles) Seychelles’ national carrier, Air Seychelles, started operating twice weekly flights to Colombo after it made its inaugural flight on Tuesday, June 20th.  The airline operates the twice-weekly flights from Seychelles to Colombo on Tuesdays and Saturdays […]

Courtesy Adaderana The 5th Round of Sri Lanka-Thailand Free Trade Agreement (SLTFTA) negotiations commenced in Colombo this morning (26), aligning with President Ranil Wickremesinghe’s vision of strengthening economic ties with major and emerging economies, with a particular focus on ASEAN countries, the PMD reported. Mr. K.J. Weerasinghe, the Chief Negotiator, International Trade Office (Leader of […]

Courtesy Borneo Bulletin CNA – Sri Lanka and Thailand could sign a free trade agreement (FTA) by March 2024, a top official of the Indian Ocean nation told media yesterday, as it attempts to rebuild its crisis-stricken economy. The two nations restarted deal negotiations in January, months after a severe financial crisis engulfed Sri Lanka, […]

Courtesy The Daily Mirror The government will introduce a floor and ceiling price for fuel with the launch of business operations by Sinopec, a leading international petroleum company, in the country shortly, a top source said. Sinopec has already signed the agreement to distribute fuel in Sri Lanka. Sinopec will be allocated 150-dealer operated fuel […]

By Shailendree Wickrama Adittiya Courtesy The Morning Clay is a material many of us are familiar with, whether we come across it in the form of cookware, as a medium of art, or in construction. However, the industry remains largely untapped, with its potential going unnoticed and uses being limited for years. Shedding light on […]