Agreement formalises one of the largest Indian investments in Sri Lanka’s manufacturing sector Investment will expand Off-Highway Tyre (OHT) and Tracks manufacturing capacity in Sri Lanka Facilities at Midigama and Kotugoda to focus on export-led production of tyres and tracks for compact construction equipment Job security assured for 1483 employees through Tripartite MoU Investment strengthens…
Entering into the bilateral Agreement with the United Kingdom of Great Britain and Northern Ireland in relation to the External Debt Restructuring Process is a significant milestone of the External Debt Restructuring Process and a testament to the GoSL’s commitment to conclude the restructuring process as soon as possible to restore debt sustainability and thereby…
The Budget Estimate of the National Audit Office for the year 2026 was taken up for consideration at the Committee on Public Finance held recently (19) and was approved to be presented to Parliament with the Committee’s proposals. This consideration was carried out in terms of Section 34 of the Audit Act No. 19 of…
The Sri Lanka Ports Authority (SLPA) has signed a Terminal Services Agreement (TSA) with the global shipping leader Maersk today, 22 August 2025, marking a significant step in expanding operational efficiency and throughput at the Port of Colombo. The agreement highlights SLPA’s commitment to delivering world-class services and reinforcing its role as a leading maritime…
The United Nations Development Programme (UNDP) in Sri Lanka and the Ministry of Digital Economy signed a Memorandum of Understanding (MOU) recently at the UN Compound. The agreement recognises UNDP in Sri Lanka as a strategic partner to the Ministry of Digital Economy for ‘Disrupt Asia 2025’, Sri Lanka’s premier startup conference and innovation festival,…
Sampath Bank PLC recently announced its entry into the Asian Development Bank’s (ADB) Trade and Supply Chain Finance Program (TSCFP), a partnership aimed at widening access to trade finance across Sri Lanka. This strategic move is said to benefit a broad spectrum of international trade customers, from large corporates to emerging businesses. The partnership was…
Reuters – New Zealand’s Fonterra Co-operative Group, opens new tab said it will sell its global consumer and associated businesses to French dairy major Lactalis for NZ$3.845 billion ($2.24 billion), which sent its shares surging to a more than 7-year high on Friday. Shares of the dairy company rose 17.1% in early trading to NZ$5.88,…
Strengthens growth strategy through equity stakes in Iconic Sri Lankan hotel companies – The Kandy Hotels Company PLC and The Ceylon Hotels Corporation PLC Ambeon Group, one of Sri Lanka’s leading diversified conglomerates, today announced its strategic entry into the hospitality sector with strategic equity investments in two listed hotel companies, reinforcing its confidence in…
Safeguarding rural livelihoods and Sri Lanka’s iconic leopard The United Nations Development Programme (UNDP) in Sri Lanka, under its Biodiversity Finance Initiative (BIOFIN), together with the Wildlife and Nature Protection Society (WNPS), and LOLC, under the guidance of the Department of Wildlife Conservation, launched a pioneering Livestock Insurance Scheme aimed at reducing human–wildlife conflict and…
The Federation of Indian Export Organisations (FIEO) and the National Chamber of Exporters of Sri Lanka (NCE) have signed a Memorandum of Understanding (MoU) to strengthen bilateral trade and investment ties. The agreement, signed virtually on 19 August 2025, aims to enhance cooperation through information sharing and connecting business partners, with a particular focus on…
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