A grand signing ceremony and ribbon cutting ceremony of 15 projects was held at the Hambantota International Port Sunday (23) covering shipping, logistics, warehouse, duty free, fuel oil sales, construction, yacht manufacturing by companies from China, Singapore, Maldives and Sri Lanka.
Aitken Spence Travels welcomed 4,000 cruise tourists to Sri Lanka on the eve of Sinhala and Tamil New Year. The luxurious cruise ships, MSC Poesia and MSC Magnifica, docked into the port of Colombo with the atmosphere filled with excitement and celebrations. The shore excursion teams from Aitken Spence Travels were on site, ready to…
Addressing the 30 year development plan of the Colombo North Port workshop, on Friday (21) in Colombo, President Ranil Wickremesinghe emphasized that the government’s intention is to make Sri Lanka an air and sea hub in the region. The country has to focus on its future in the next 25 years on how to make…
Calls for strong export-oriented economy. Modernization of traditional sectors for Sri Lanka’s growth – President emphasizes at the Business Today Top 40 Awards Ceremony. During his address at the Business Today Top 40 Awards Ceremony at the Presidential Secretariat in Colombo yesterday (20), President Ranil Wickremesinghe highlighted the need for a strong, export-oriented economy. He emphasized…
China Merchants Port Holdings leads consortium of investors in US$ 392 million South Asia Commercial and Logistics Hub SLPA and Access Engineering to each hold 15% equity in venture 8 storey, 5 million square foot complex with design storage capacity of 530,000 CBM to be built Sri Lanka’s aspiration to become a major logistics hub…
The Sri Lanka Mission in Thailand has noticed recently that Sri Lankan nationals are being lured for employment in Thailand particularly for the positions in the Information Technology (IT) sector by dubious IT firms involved in call-centre scams and crypto currency fraud. Victims are illegally taken across the border from Thailand mostly into Myanmar and…
Nation must make debt sustainable after clinching IMF bailout Rupee-denominated debts stood at around $38 billion in 2022 Bloomberg – Sri Lanka’s plan for a voluntary restructuring of its domestic debt is finding few takers from local banks worried about a hit to their capital, raising the risk of a delay in the country’s financial…
Reuters – As the world’s largest official bilateral creditor, China should participate in meaningful debt relief for countries facing problems, but it has served for too long as a “roadblock” to necessary action, Treasury Secretary Janet Yellen said in a major speech on U.S.-China relations on Thursday. Yellen said the United States expected China to…
The Hambantota International Port (HIP) handled over 900 units of the latest BMWs transshipped from the Port of Koper – Slovenia to the Port of Pyeongtaek in South Korea last week. While usual traffic for transshipment at HIP is in the East to West direction, this operation proves that there is a slow growth of…
SriLankan Airlines partnered with Jetwing Travels to fly in over 180 leading finance professionals from India Infoline Finance Limited to Colombo for an awards ceremony. The event’s organizers chose to fly SriLankan Airlines considering the airline’s capabilities to provide the complete package for destination MICE events. MICE tourism is a profitable niche that SriLankan is…
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