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Colombo Port’s deep water capacity to enhance by March

Colombo Port’s deep water capacity to enhance by March

Colombo International Container Terminals (CICT) has announced a significant equipment additionthat will enhance the terminal’s deep water capacity and make Colombo one of the few ports in Asia capable of…

Global player to run bunkering in Sri Lanka’s Hambantota port

Global player to run bunkering in Sri Lanka’s Hambantota port

 A global player in the bunkering business will be selected soon to supply ship fuel at Sri Lanka’s Hambantota port, with its Chinese operator in the landlord role, a senior…

BOI inks deals in tourism and pharmaceutical sectors

BOI inks deals in tourism and pharmaceutical sectors

The Board of Investment signed Agreements for projects in the field of hotels and the manufacture of pharmaceuticals. The Agreements were signed on behalf of the BOI by the Chairman…

Lanka and IRRI sign framework to boost national rice sector

Lanka and IRRI sign framework to boost national rice sector

The International Rice Research Institute (IRRI) and Government of Sri Lanka today (18) inked a comprehensive work plan to advance Sri Lanka’s rice self-sufficiency goals through joint research for development…

PTFD to conduct drug prevention in schools

PTFD to conduct drug prevention in schools

The Presidential Task Force on Drug Prevention will conduct a drug prevention week in schools countrywide aiming to do away with the drug menace. Director of the PTFDP Dr. Samantha…

Vestas bags EPC deal in Sri Lanka, 219 MW of turbine deals in China

Vestas bags EPC deal in Sri Lanka, 219 MW of turbine deals in China

Vestas Wind Systems A/S (CPH:VWS) has secured an order to build Sri Lanka’s first large-scale wind farm, a 104-MW facility, as well as turbine supply contracts for projects in China…

Sri Lanka to get digital transit card for bus, rail transport

Sri Lanka to get digital transit card for bus, rail transport

Sri Lanka’s central bank is working to help introduce a digital transit card to be used in buses and trains and supporting infrastructure for ticketing and fare collection, its governor…

Sri Lanka mulls extending IMF deal amid soft-peg trouble

Sri Lanka mulls extending IMF deal amid soft-peg trouble

Sri Lanka may extend an International Monetary Fund program which due to end in the first half of 2019, as the central bank has again enters a period of balance…

China to set up FTZ in Sri Lanka for rubber exports

China to set up FTZ in Sri Lanka for rubber exports

China is looking to set up a specialised free trade zone for rubber-based value added exports in Sri Lanka by partnering with private sector rubber manufactures, exporters and planters including…

Reserve Bank of India agrees to provide USD400mn SWAP to Central Bank

Reserve Bank of India agrees to provide USD400mn SWAP to Central Bank

Reserve Bank of India (RBI) has agreed to provide 400 million US dollars to the Central Bank of Sri Lanka under its SAARC SWAP facility which will boost the reserves…

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