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USD50mn from Saudi Fund for new Medical Faculty in Sabaragamuwa University

Sri Lanka, Sept. 18 -- Saudi Fund for Development (SFD) has agreed to provide a concessional loan amounting to Saudi Riyal 187.5 Million (USD 50 mn) to establish a Medical Faculty in the University of... Read More


"Sri Lankan Airlines is a vanity we cannot afford," Fin Min says

Sri Lanka, Sept. 17 -- Sri Lanka's Finance Minister, Mangala Samaraweera says State Owned Enterprises (SOE) management has become political rather than professional, resulting in waste and corruption.... Read More


Sri Lanka launch survival guide for tourists

Sri Lanka, Sept. 17 -- A "Survival Guide for Tourists" has been launched by the independent website for tourists: "Srilankaholidayguru.com." The website, which is produced by Rocketeer Labs, a Sri La... Read More


President says Govt. lost Rs. 2Bn from Lotus Tower project

Sri Lanka, Sept. 17 -- Sri Lanka's President Maithripala Sirisena said that there were issues concerning the Lotus Tower project where an estimated 2 billion rupee loss was incurred to the Government.... Read More


Sri Lanka's Economic Summit 2019 Opens Today

Sri Lanka, Sept. 17 -- The Sri Lanka Economic Summit (SLES) 2019 themed on Re-calibrating Sri Lanka's Economic Trajectory Towards 2025, to guide Sri Lanka's journey towards development and prosperity ... Read More


Capitol TwinPeaks boosts expat segment confidence in Sri Lanka real estate

Sri Lanka, Sept. 16 -- Colombo, Sri Lanka - September 2019 - Capitol TwinPeaks, the flagship residential venture of the Sanken Group, located on the Beira lakefront in Colombo 2, has recorded an incre... Read More


Lotus Tower, tallest in South Asia to open today

Sri Lanka, Sept. 16 -- The Lotus Tower in Sri Lanka, the tallest in South Asia, will be open to the public from today. The 350 m tall Tower was constructed at a cost of 104.3 million dollars with fun... Read More


Demand builds for islands first state run automotive service hub

Sri Lanka, Sept. 16 -- Sri Lanka's first ever state run wheel alignment centre (WAC) for four wheel light vehicle class was launched in September has seen demand for its services peak from state owned... Read More


Fin Min orders investigation on liquor licenses issued without approval

Sri Lanka, Sept. 16 -- Sri Lanka's Finance Minister has orderd authorities to investigate and report to him on how liquor licenses were issued for taverns without obtaining the approval of the subject... Read More


EU delegation visits Katunayake export zone

Sri Lanka, Sept. 16 -- A delegation consisting of five senior officials of the European Commission visited the Katunayake Export Processing Zone recently in connection to Sri Lanka's GSP + status. Th... Read More