Government’s intention was to resume the negotiations on free trade agreements said Secretary to the President Saman Ekanayake. It is the vision of the President that Sri Lanka will integrate with the global value chains and with the largest economies in South Asia and East Asia and then expand to the east region linking to…
The FDI Colombo Port City (CPC) came to SL in 2014 as part of the BRI of the Peoples Republic of China (PRC). The BRI has so far invested more than 150 billion USD in the 150 plus BRI partner countries and organizations. As SL is in a crisis the CPC should be completed in…
The Government under its Interim budget 2022 has identified Packaging for value addition and for minimizing postharvest losses as a priority and wanted the EDB to reactivate the National Packaging Centre to address the need for promoting the packaging Industry, especially the local packaging products of the SME sector in the country. The way forward…
The Commercial Bank of Ceylon’s Rs 5 billion debenture issue will open on Thursday 1st December 2022, offering investors an opportunity to profit from the growth of the bank. The Bank has announced plans to raise Rs 5 billion via 50 million Basel III-compliant debentures with an option to increase it by a another Rs…
A special research centre with expert support from the Universities of Moratuwa and Peradeniya for research and future technological identification in the power sector President inspects the Thalaimannar jetty President Ranil Wickremesinghe who is currently in Mannar on an observation tour held discussions with government officials to establish a green hydrogen project, improved water management…
People’s Bank recently entered into an agreement with the National Investment Industrial Bank in Russia to facilitate anovel remittance mechanism that enables efficient and convenient fund transfers from Russia to accounts in Sri Lanka. According to this arrangement, beneficiaries in Sri Lanka, especiallyservice providers, exporters etc. will be able to receive fundsquickly and cost effectively….
Invites the private sector to play greater role President Ranil Wickremesinghe said that the government is looking at removing the para-tariffs and the tariffs over five years, with a trade adjustment programme to help industries and manufacturers meet competition, adding that from the government side discussions have been initiated with the World Bank and the…
The long-awaited Lanka Premier League (LPL) 2022, to be held in Colombo from 6th December 2022, has appointed Ada Derana 24 as its official television broadcasting partner in Sri Lanka. Ada Derana 24 is Sri Lanka’s foremost and only 24-hour News Television Channel. Ada Derana 24 will broadcast the live coverage of 23 exciting matches…
Chairman of the National Council Sub-Committee for Identifying Short- and Medium-Term Programs related to Economic Stabilization, Member of Parliament Patali Champika Ranawaka, said that proposals for the reform of laws related to the economic stabilization of the country will be presented to the country at the end of December. The chairperson of the committee mentioned…
Ministerial Consultative Committee on Investment Promotion advise BOI The Ministerial Consultative Committee on investment Promotion advised the Board of Investment of Sri Lanka (BOI) to clearly communicate to the Central Bank of Sri Lanka (CBSL) and the Treasury that there are no investments coming in under the new enhance capital-based package and therefore a new…
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