Reuters – India’s Adani Group and its partners are set to double the capacity of a $840 million container terminal in Colombo months ahead of schedule, despite relinquishing $553 million in U.S. funding, an executive at partner firm John Keells Holdings told Reuters. The deepwater Colombo West International Terminal, located next to a facility run by…
As Sri Lanka sets its sights on attracting over 3 million tourists in 2025 and generating USD 5 billion in revenue, SITA, the leading global provider of IT and digital solutions for the air transport industry, highlights how advanced technology can play a transformative role in shaping the nation’s aviation and tourism future. In 2024,…
A pre-budget discussion on the Banking, Finance and Insurance Sector was held Yesterday afternoon (16) at the Presidential Secretariat, chaired by the Minister of Labour and Deputy Minister of Economic Development, Dr. Anil Jayantha Fernando. The discussions focused extensively on the support that the banking sector can provide to the government’s programme, led by the…
Reuters – Sri Lanka expects Chinese state energy giant Sinopec to start work on a $3.7 billion refinery this year and is considering the company’s long-standing demand to sell more fuel locally, the energy minister said on Tuesday. The Sinopec refinery, approved in 2023, will have capacity to process 200,000 barrels of crude oil per day…
Sri Lanka is inviting investors to participate in a Public-Private Partnership (PPP) to develop a value-added graphite project at the Kahatagaha mine, the country’s largest and deepest graphite deposit. The Cabinet of Ministers approved the proposal presented by the Minister of Industries and Entrepreneurship Development to launch the project after repealing a previous restructuring decision…
CBL Group, Sri Lanka’s leading food conglomerate with a presence in more than 65 countries, has announced a strategic partnership with Aamalcom Holdings, a diversified group operating in multiple sectors, to expand its footprint and strengthen market reach in the Kingdom of Saudi Arabia (KSA). The agreement was signed in Colombo by Sheikh Qinan Rashdan…
Streaming home to iconic HBO and Max Originals, and Warner Bros. blockbusters, including Harry Potter, House of the Dragon, The Last of Us, A Minecraft Movie and Superman HBO’s newest series IT: Welcome to Derry to premiere October 27 on HBO Max Warner Bros. Discovery today announced that its premier global streaming service HBO Max…
Sri Lanka’s globally renowned spice industry, long celebrated for its authenticity, quality and heritage, is now confronting one of its most pressing challenges. The Planters’ Association of Ceylon (PA) has voiced grave concerns following the Government’s decision to permit the importation of spices under a new regulatory framework that grants “approved enterprise” status to selected…
Reaffirms Support for Jobs, Private Investment, and Long-Term Growth The World Bank’s Vice President for South Asia, Johannes Zutt, concluded his first official visit to Sri Lanka yesterday. During his two-day visit, he met with President Anura Kumara Dissanayake, Central Bank Governor Dr. Nandalal Weerasinghe, Secretary to the Treasury Dr. Harshana Suriyapperuma, and other senior officials….
The Sri Lanka Export Development Board (EDB) and Germany’s Import Promotion Desk (IPD) will formalize their longstanding collaboration through a Cooperation Agreement, expanding support to Sri Lanka’s digital products and services sector alongside natural ingredients and processed foods. Since 2019, EDB and IPD have partnered to strengthen Sri Lanka’s export competitiveness, particularly in natural ingredients….
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