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Scientists develop salt tolerant rice variety

Scientists develop salt tolerant rice variety

A group of Indian scientists has developed a new salt-tolerant transgenic rice plant by over-expressing a gene from a wild rice called Porteresia coarctata into the commonly used IR 64 indica rice variety. Porteresia coarctata is a native of India, Sri Lanka, Bangladesh and Myanmar and is grown…

SriLankan Airlines formulates new 5-year Strategic Business Plan

SriLankan Airlines formulates new 5-year Strategic Business Plan

SriLankan Airlines has formulated a new five-year Strategic Business Plan for the period 2019-24 with the objective of transforming itself into a financially viable organization airline group, a statement said. Issuing a statement the airline said the plan aims to increase brand visibility and a global reputation for…

SL’s economic growth to pick up in 2019

SL’s economic growth to pick up in 2019

Sri Lanka’s current account deficit will drop to 2.5% of GDP in 2019 with the recovery in agriculture exports, the continued increase in tourist earnings, and a slowdown in vehicle imports, Senior Country Economist at ADB’s Sri Lanka Resident Mission Utsav Kumar told journalists yesterday in Colombo. Kumar…

Largest oil field production asset calls Sri Lanka

Largest oil field production asset calls Sri Lanka

Hayleys Energy Services (HES), yesterday ushered in the first floating production storage and offloading (FPSO) asset to ever…

Modernizing Sri Lanka’s bamboo industry could reduce poverty, protect environment

Modernizing Sri Lanka’s bamboo industry could reduce poverty, protect environment

Sri Lankan farmers could cultivate bamboo to diversify and enhance their income sources if the industry is modernized,…

Oman’s Oil and Gas Minister arrives in Lanka to attend ceremony of oil refinery in Hambantota

Oman’s Oil and Gas Minister arrives in Lanka to attend ceremony of oil refinery in Hambantota

Dr Mohammed Hamad Al Ruhmy, Minister of Oil & Gas of the Sultanate of Oman was received by…

Exports up by 1.4 % to $ 1.03 bn, imports down by 15.3 %

Exports up by 1.4 % to $ 1.03 bn, imports down by 15.3 %

Earnings from merchandise exports increased marginally by 1.4 per cent (year-on-year) to US dollars 1,033 million in December…

French company Boccard to develop dairy farming and processing in SL

French company Boccard to develop dairy farming and processing in SL

The Ministry of Agriculture, Rural Economic Affairs, Livestock Development, Irrigation and Fisheries & Aquatic Resources Development of Sri…

The One Transworks Square invests US$ 450 mn for three towers

The One Transworks Square invests US$ 450 mn for three towers

The One Transworks Square launched Phase Two of its high end luxury development project with the launch of…

Pakistan, Sri Lanka FTA discussed

Pakistan, Sri Lanka FTA discussed

The Consul General of Sri Lanka H.E G.L Gnanatheva visited the FPCCI to meet Dr. Mirza Ikhtiar Baig,…

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