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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 handling vessels of 22,000 + TEUs.The Company said the enhancement encompasses the addition of two new mega Quay…

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 company official said. Tissa Wickramasinghe, Chief Operating Officer of Hambantota International Port Group (HPIG) (Pvt) Ltd., said a…

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 Hemasiri Fernando. Also present was Champika Malalgoda, Director General of BOI. The Wild Beach Resorts (Private Ltd) project…

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…

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…

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…

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…

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…

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…

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…

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