• Shifting the economy to top gear

    As Sri Lanka faces the twin evils of a political as well as an economic crisis, National Economic Council (NEC) Secretary General Prof. Lalith Samarakoon in an interview with the Daily News spelt out the dangers of what we are looking at and the possible measures the government could...
  • Hambantota Port signs first TSA deal with Japanese transportation giant

    The Hambantota International Port Group (HIPG) has entered into their very first Terminal Service Agreement (TSA) with K-Line PTE Limited (KLPL), one of the world’s largest Ro Ro operators and a member of the global giant in transportation, Kawasaki Kisen Kaisha Ltd of Japan. The TSA was a result...
  • Chinese delegation in Sri Lanka to explore investment opportunities

    A Chinese business delegation is in Sri Lanka to explore investment opportunities between both countries, Sri Lanka’s trade chamber said on Tuesday. The Ceylon Chamber of Commerce said that an 18 member business delegation from China organized by the “Belt & Road International Production Capacity Cooperation Promotion Centre”, Beijing is...
  • Sri Lanka could face tighter external refinancing conditions

    Sri Lanka could face significantly tighter external refinancing conditions during the next five years, which would quickly lead to much weaker debt affordability, especially if the currency were to depreciate at the same time, Moody’s Investors Service said today. Moody’s Investors Service said the credit profile of Sri Lanka (B1 negative) is...
  • Sri Lanka in talks with China to tap panda bond market

    Sri Lanka is in talks with China to tap the panda bond market, Central Bank Governor Dr Indrajit Coomaraswamy said. Speaking at a media briefing, Coomaraswamy said that the Central Bank of Sri Lanka had talks with the People’s Bank of China on the panda bond. He said that the People’s Bank of...
  • Driving forces for Viet Nam’s economic growth need to be maintained not only in 2018, but beyond, Prime Minister Nguyễn Xuân Phúc said at a Government meeting yesterday. “We should continue working to create market confidence and win trust of enterprises so as to branch out business and production”,...
  • Maldives Showcase takes 40 local ventures to Sri Lanka

    A total of 40 local ventures have geared up to represent their respective services at Maldives Showcase fair at neighboring Sri Lanka. Endorsed by Maldives Association of Travel Agents and Tour Operators (MATATO) and organized by HighRise the event last two days kicking off on Thursday at Taj Samudra,...
  • Sri Lanka and Thai trade bodies sign deal to enhance bilateral trade

    The Ceylon Chamber of Commerce with a view to build a dependable, pragmatic, and advantageous relationship and to establish friendly and cordial relations between Sri Lanka and Thailand, signed a Memorandum of Understanding (MOU) with the Thai Chamber of Commerce on 12th July 2018, at the Ministry of Development...
  • Sri Lanka will look to exploit its strategic location

    Sri Lanka’s long-term objective envisages exploiting its strategic location in the Indian Ocean to ensure its economic development in a region which will be pivotal for global economic growth, Prime Minister Ranil Wickremesinghe said today. Speaking at the 6th World Cities Summit, CleanEnviro Summit and International Water Week in...