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SL to cultivate Cannabis in large scale for medical purposes

SL to cultivate Cannabis in large scale for medical purposes

Since United Kingdom and Canada has lifted the ban for cannabis, now Sri Lanka can grow cannabis for medical purposes, export the production and earn millions of dollars. cannabis cannot…

Minister Samaraweera holds discussions with AIIB President Jin Liqun

Minister Samaraweera holds discussions with AIIB President Jin Liqun

Finance Minister Mangala Samaraweera met with the President of Asian Infrastructure Investment Bank (AIIB) Jin Liqun during the 3rd Annual General Meeting of the Board of Governors in Mumbai on Tuesday…

Enterprise Sri Lanka’ targeted towards US $ 5,000 percapita income and 1 Mn Jobs

Enterprise Sri Lanka’ targeted towards US $ 5,000 percapita income and 1 Mn Jobs

Whilst encouraging that country must develop a comprehensive entrepreneurship structure that encourages people, especially graduates, to embark on building their own businesses, Finance and Media Minister Mangala Samaraweera told reporters…

China to cut import tariffs on soybean, other products from 5 Asian nations including India

China to cut import tariffs on soybean, other products from 5 Asian nations including India

China will cut import tariffs on soybean and some other goods from India and four other Asian nations from July 1, China’s Cabinet announced today, amidst a looming trade war…

More female worker participation can boost Sri Lanka growth: IMF

More female worker participation can boost Sri Lanka growth: IMF

Raising Sri Lanka’s female labor force participation can boost growth in the long run, the International Monetary Fund has said. “Sri Lanka could raise GDP by as much as 20…

Malaysians mull solar panel, BPO investments in Sri Lanka

Malaysians mull solar panel, BPO investments in Sri Lanka

A visiting delegation of Malaysian business executives have show interest in investing in several projects in Sri Lanka, including solar panel making and business process outsourcing (BPO). The Board of…

Indian seafood producer willing to invest in Lanka’s aquaculture sector

Indian seafood producer willing to invest in Lanka’s aquaculture sector

An Indian seafood producer Coastal Corporation Limited (India) has proposed to invest in Sri Lanka‘s aquaculture sector to boost cultivation of aquatic plants that are needed for the highly demanded shrimp farmingoverseas. Coastal Corp is one of the leading producers and…

Five-year plan to achieve rice self-sufficiency

Five-year plan to achieve rice self-sufficiency

The Agriculture Ministry and the International Rice Research Institute (IRRI) signed an agreement on the implementation of a five-year development plan to enhance the rice production with the intention of…

IMF says Sri Lanka’s economy remains vulnerable to shocks, due to high debt

IMF says Sri Lanka’s economy remains vulnerable to shocks, due to high debt

The International Monetary Fund (IMF) on Wednesday said Sri Lanka’s economy remains vulnerable to adverse shocks because of sizable public debt and large refinancing needs. The global lender, which has…

Internal Aviation Services to be promoted

Internal Aviation Services to be promoted

Five institutions have put forward their proposals to Internal aviation services and a committee consist of the Chairman of National Agency for Public Private Partnership and Managing Director of Airport…

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