Nirmala Sitharaman, Minister of Finance and Corporate Affairs of India, will be delivering the keynote address at the inauguration of the Sri Lanka Economic Summit (SLEC) 2020. The keynote address will be during the inaugural session on December 1, 2020. Minister Sitharaman, an Economist has been serving in her current capacity since May 2019 and was previously…
The following press communiqué jointly issued by Sri Lanka Ports Authority, South Asia Gateway Terminal and Colombo International Container Terminal All operations and other services of the Sri Lanka Ports Authority’s (SLPA) terminals and all other sister terminals at the Port of Colombo are swiftly returning to normal. Due to the current Covid-19 pandemic situation…
Manufacturing activities indicate subdued performance in October 2020 due to adverse impacts of the second wave of COVID-19 pandemic erupted in the country in early October. Accordingly, manufacturing PMI declined to 40.3 in October 2020 with a significant decline in Production, New Orders, Employment, and Stock of Purchases sub-indices, particularly in the manufacturing of wearing…
Korean Herald: A Korean entrepreneur has won the business rights to a cable car project in Sri Lanka’s Kandy – home of the Temple of the Tooth Relic, which is one of the most sacred Buddhist sites in the world. The entrepreneur is 71-year-old Sky Asia Chairman Yoo Sun-ha. Despite the COVID-19 pandemic, the construction…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 25 November 2020, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 4.50 per cent and 5.50 per cent, respectively. The Board arrived at…
Foreign Secretary Admiral Prof. Jayanath Colombage together with Vice Minister of the Ministry of Foreign Affairs of China, Luo Zhaohui, chaired the 11th session of the diplomatic consultations between Sri Lanka and China virtually on 23 November 2020. While expressing satisfaction at the ongoing multifaceted partnership between Sri Lanka and China, both sides held extensive discussions on…
78-room DoubleTree by Hilton Weerawila Rajawarna Resort opens to guests in the heart of the idyllic Bird Sanctuary of Weerawila Hilton (NYSE: HLT) announced the opening of DoubleTree by Hilton Weerawila Rajawarna Resort, a new three-story, 78-room modern resort in Weerawila, Sri Lanka. The newly-built resort is owned by KDU Adventures (Private) Limited and joins Hilton Colombo and…
The World Travel Market – UK (WTM) Virtual Event held 9th – 11th November 2020 The World Travel Market (WTM) virtual event was held from 9th November 2020 to 11th November 2020, from 7am to 10 pm GMT. Sri Lanka Tourism together with the Travel and Tourism industry participants took part in the WTM Virtual…
The Government has made arrangements to mobilize foreign financing of US$ 742.8 million by entering into 11 agreements with foreign development partners and lending agencies from January 01 to August 31, 2020, to support the public investment program, the fiscal management report 2020-21 released by the Finance Ministry said. This consists of US$ 500.0 million…
Business sentiment nosedives as COVID-19 takes its toll on the state of the state While all eyes may have been on a presidential election in a land hundreds of thousands of miles away, closer to home, the situation appears to have become graver by the minute with a new set of coronavirus clusters taking a…
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