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Omega Line to build new $24 mn lingerie factory

Omega Line to build new $24 mn lingerie factory

The Board of Investment of Sri Lanka signed an agreement with Omega Line Limited to reconstruct the factory building complex at the existing premises at Sandalankawa as an expansion of the existing project, representing an additional investment of US$ 24 million. The agreement was signed by Mangala Yapa,…

Sri Lanka’s Hambantota port in deal with NYK to tranship vehicles

Sri Lanka’s Hambantota port in deal with NYK to tranship vehicles

Hambantota International Port Group (HIPG) said it recently entered into an agreement with Japanese shipping conglomerate Nippon Yusen Kaisha (NYK), for vehicle transhipment through its port on the south coast. It said it was able to attract Japan’s largest shipping company and the world’s number one RoRo (roll…

SL should prepare implementable electricity generation plans: Nishan de Mel

SL should prepare implementable electricity generation plans: Nishan de Mel

Sri Lanka should prepare implementable and consistent electricity generation plans incorporating PESTAL factors, global trends and policy changes, without focusing only on the technical mix of the electricity generation, an economist said. “I think we misunderstand the problem of planning. We think that planning is simply an act…

Slowdown of Indian economy to affect Colombo port earnings: CBSL Chief

Slowdown of Indian economy to affect Colombo port earnings: CBSL Chief

Earnings of Sri Lanka’s main commercial port in Colombo is to be affected by the slowdown of the…

Altair infuses USD 25 mn via syndicated loan

Altair infuses USD 25 mn via syndicated loan

A consortium of leading local banks, comprising of the Bank of Ceylon, NDB Bank and National Savings Bank…

Shangri La’s ‘One Galle Face’ mall to open November 8th

Shangri La’s ‘One Galle Face’ mall to open November 8th

In an opening that will transform the retail sector in Sri Lanka, Shangri La has announced it will…

Sri Lankan tourist traffic recovers after Easter attacks

Sri Lankan tourist traffic recovers after Easter attacks

Immediately after the Easter bombings of churches and hotels, inbound traffic was down to 25-30 percent of previous levels,…

Opposition to FTAs due to lack of knowledge – PM

Opposition to FTAs due to lack of knowledge – PM

Those who feel that Free Trade Agreements (FTA’s) are destroying our country and destabilizing the economy are definitely…

William Penn announces its launch in Sri Lanka

William Penn announces its launch in Sri Lanka

Penndome Sri Lanka, announces its brand launch in Sri Lanka of the William Penn brand. The brand offers…

Japanese investor to start manufacturing flexible packaging for Sri Lanka Tea Industry

Japanese investor to start manufacturing flexible packaging for Sri Lanka Tea Industry

Sri Lanka’s Board of Investment signed an agreement with a Japanese company to establish a plant that will…

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