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Sri Lanka economy to grow 3.5-pct in 2020: Central Bank

Sri Lanka economy to grow 3.5-pct in 2020: Central Bank

The Sri Lankan economy is projected to grow by around 3.5 percent in real terms in 2020, a new Central Bank report says. “The growth is expected to be broad-based and positively contributed by all major economic activities,” it says. “Further, investor confidence, which was adversely affected by…

Korea grants Rs 5.4 billion loan for upliftment of IT sector

Korea grants Rs 5.4 billion loan for upliftment of IT sector

The Korean government recently (Nov 5), agreed to provide a concessional loan of USD 30 million (Rs 5.4 billion) to uplift the IT sector in Sri Lanka. An agreement to this effect was signed today (Nov 5).Issuing a statement, the Finance Ministry, said that the loan has been granted…

Ceylon Chamber to promote trade, investments with Nepal

Ceylon Chamber to promote trade, investments with Nepal

The Ceylon Chamber of Commerce (CCC) recently entered into a Memorandum of Understanding (MoU) with the Chamber of Commerce and Industry Chitwan, (CCIC) Nepal to further promote trade, investment and tourism activities between two countries. Currently, a 21 member business delegation from CCIC, Nepal is visiting Sri Lanka to…

SL calls for integrated , balanced approach for prevention of drug use and abuse

SL calls for integrated , balanced approach for prevention of drug use and abuse

Sri Lanka has called for an integrated and balanced approach in the prevention of drug use and abuse,…

‘A river for Jaffna’ receives Cabinet approval

‘A river for Jaffna’ receives Cabinet approval

Cabinet approval was granted to implement a five year project aimed at resolving the water issue in Jaffna,…

SriLankan Airlines clinches South Asia’s No 01 slot again

SriLankan Airlines clinches South Asia’s No 01 slot again

SriLankan Airlines was adjudged the ‘Leading International Airline’ in South Asia for the third consecutive year at the…

New Zealand Justice Minister meets PM

New Zealand Justice Minister meets PM

The New Zealand Justice Minister Andrew Little currently in Sri Lanka met Prime Minister Ranil Wickremesinghe at ‘Temple…

Commonwealth Law Ministers Meeting inaugurated

Commonwealth Law Ministers Meeting inaugurated

Prime Minister Ranil Wickremesinghe was the Chief Guest at the inauguration of the 2019 Commonwealth Law Ministers Meeting…

EU-Sri Lanka dialogue addresses issues concerning European investments and achieving results

EU-Sri Lanka dialogue addresses issues concerning European investments and achieving results

The Ministry of Development Strategies and International Trade hosted the 9th European Union – Sri Lanka investor dialogue,…

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…

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