President opens Shangri-La hotel Colombo

President opens Shangri-La hotel Colombo

President Maithripala Sirisena yesterday opened the Shangri-La Hotel built in front of Galle Face. This hotel is another stride in the expansion of the facilities for the tourists coming to Colombo. This is the 101st hotel of the chain of Shangri-La Hotels world-wide. The hotel consists of the…

Sri Lanka’s economic performance broadly satisfactory in 1H-2017 – WB

Sri Lanka’s economic performance broadly satisfactory in 1H-2017 – WB

Despite significant challenges, Sri Lanka’s economic performance remained broadly satisfactory in the first half of 2017. The corrective policy measures taken in the monetary and fiscal fronts have led to gradual stabilization according to Sri Lanka Development update released in November 2017 reviewing the last six months economic…

Sri Lanka in Talks for Refinery at Port of Hambantota

Sri Lanka in Talks for Refinery at Port of Hambantota

Sri Lanka’s agreement to lease the port of Hambantota to a Chinese state-owned enterprise could soon blossom into a much larger economic development strategy. Colombo is reportedly in talks with two unnamed Chinese firms for the construction of a $3 billion oil refinery near Hambantota – a larger investment…

Petronet to form JV with Japan, Sri Lanka firms for LNG plant

Petronet to form JV with Japan, Sri Lanka firms for LNG plant

 India’s biggest gas importer, Petronet LNG, will soon form a joint venture with Japanese and Sri Lankan companies…

Sri Lanka accepts power generation with LNG as policy

Sri Lanka accepts power generation with LNG as policy

Sri Lanka’s cabinet on Tuesday officially accepted generating electricity with Liquid Natural Gas and providing required infrastructure as…

State Minister Senasinghe hails Turkish investors

State Minister Senasinghe hails Turkish investors

At the invitation of the Embassy of the Republic of Turkey in Sri Lanka a ministerial delegation led…

Thailand’s Rojana to set up industrial zone in Sri Lanka

Thailand’s Rojana to set up industrial zone in Sri Lanka

Rojana Industrial Park is to set up Sri Lanka’s first industrial zone in over a decade, aiming to…

Hambantota Port deal opens new era for China-Sri Lanka ties

Hambantota Port deal opens new era for China-Sri Lanka ties

On July 29, Chinese port operator China Merchants Port Holdings (CMPort) and the Sri Lanka Ports Authority (SLPA)…

Sri Lanka motor car registrations dip in June, electric cars out of favor: JB

Sri Lanka motor car registrations dip in June, electric cars out of favor: JB

Sri Lanka motor car registrations dipped slightly in June to 2,800 units from 2,812 registered in May, JB…

International Coconut Rubber and Tea (CRT) Trade Fair

International Coconut Rubber and Tea (CRT) Trade Fair

President Maithripala Sirisena inaugurated the International Coconut Rubber and Tea (CRT) Trade Fair at the Sirimvavo Bandaranaike exhibition…

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