Bank of China upbeat on Lanka's economic future

Sri Lanka, Jan. 12 -- The recent rating downgrade would not have any negative impact on expansion plans of the Bank said Country Manager Bank of China (Colombo Branch) Wang Chuan said. He said that t... Read More

Requests government for level playing field from importers

Sri Lanka, Jan. 7 -- Ceramic Tiles and Sanitary ware manufacturers with the current government policy, are willing and ready to invest around Rs 20 billion to expand their current production and to se... Read More

Eravur Fabric Park to muster USD 300 mn investments

Sri Lanka, Jan. 6 -- Fulfilling one of the most urgent needs of the local appeal sector, a Sri Lanka's first ever 'Fabric Park' 'will commence operations from mid next year in Eravur in Batticaloa. Th... Read More

BOC ready for challenges - Ratwatte

Sri Lanka, Jan. 6 -- The Bank of Ceylon despite the COVID-19 pandemic is more than resilient and is ready to face any challenges in the future, said BOC Chairman Kanchana Ratwatte. In an interview wi... Read More

Sri Lanka to remain open to tourists

Sri Lanka, Jan. 5 -- Sri Lanka will continue accommodating tourists as the pilot project involving the Ukraine Tourism has brought out positive results. At a special press conference hosted by Touris... Read More

BOI attracts over USD 800 mn FDI in 2020

Despite the COVID, Dec. 24 -- 19 pandemic, Sri Lanka secured over USD 800 million Foreign Direct Investments (FDI) for 2020, said the new Director-General of the Board of Investments, Sanjaya Mohottal... Read More

France offers Euro 400 mn in the next three years

Sri Lanka, Dec. 21 -- France will offer loans and technical assistance to the tune of Euro 400 million in the next three years, said Country Director, Sri Lanka French Agency for Development (AFD grou... Read More

Trend setting pilot tourism project to muster US$ 10 mn

Sri Lanka, Dec. 18 -- Sri Lanka will finally open its airport for tourism from December 29 to accommodate around 5,000 Russian region based tourists, former Sri Lankan Ambassador to Russia, Udayanga W... Read More

New company to boost local sugar production

Sri Lanka, Dec. 17 -- Sri Lanka's sugar market will receive a boost with the final leases for the Kantale Sugar Factory to be signed and handed over to MG Sugar. MG Sugar is owned 51% by the governme... Read More

Ministry of Industries to provide 'Made in Sri Lanka' franchise for MSMEs with over 80% local value addition

Sri Lanka, Dec. 15 -- The Ministry of Industries will provide the 'Made in Sri Lanka'(MISL) franchise logo to micro and SME manufacturers who have over 80% local value addition, Minister of Industries... Read More