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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 be manufacturing flexible packaging that will be utilized by the local Tea industry. The agreement was signed by Mangala Yapa, Chairman of the BOI and Yusaku Sugano, Managing Director of…

Sri Lanka vehicle registrations down in June 2019

Sri Lanka vehicle registrations down in June 2019

Sri Lanka’s vehicle registrations across most categories have declined in June relative to May, a new report shows. Data compiled by JB Securities equities research shows a drop in 2-wheeler registrations have driven down the total to 26,201 the lowest on record over the past 36 months. The…

Exports grow 11.4% in first half of 2019

Exports grow 11.4% in first half of 2019

Sri Lanka’s exports grew 11.4% in the first half of this year, recording $ 8.4 billion compared with $ 7.5 billion of the corresponding period of last year. Export sector is witnessing a revival in growth with an ambitious target of achieving US $ 20 billion by the…

World Bank classifies Sri Lanka as upper-middle income country under new revision

World Bank classifies Sri Lanka as upper-middle income country under new revision

Sri Lanka has moved up to the upper-middle income category from lower-middle income category under the World Bank’s…

Growing taste for Sri Lankan tea among Chinese youth triggers export boom

Growing taste for Sri Lankan tea among Chinese youth triggers export boom

Chinese youth are acquiring a taste for Sri Lanka’s black tea, with shipments to China, mainly a green…

Japanese investor reiterates his confidence in Sri Lanka

Japanese investor reiterates his confidence in Sri Lanka

A leading Japanese investor – President of Tosslec Co. Ltd, Kyoto, Japan Jitsuo Mikasa – reaffirmed that his…

Sri Lanka e-commerce use still low, survey finds

Sri Lanka e-commerce use still low, survey finds

Sri Lankan internet users had the highest levels of awareness of e-commerce platforms but actual use, in completing…

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…

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…

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…

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