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Climate change to erode Sri Lanka living standards, slow growth: World Bank

Climate change to erode Sri Lanka living standards, slow growth: World Bank

Climate change could decrease Sri Lankan living standards around 4.9 to 7 percent by 2050 and wipe out up to 50 billion dollars in gross domestic product (GDP), a new World Bank report said. “In Sri Lanka, living standards will go down by around 5 percent, and in…

India, Sri Lanka urged to be more open; new trade deal expected in December

India, Sri Lanka urged to be more open; new trade deal expected in December

India and Sri Lanka are likely to sign a new trade deal by December and both countries should be more open in order to improve competitiveness and attract foreign direct investments, said Indian Council for Research on International Economic Relations Chief Executive Rajat Kathuria. “There is optimism that…

Indian grant for 5,000 tonne cold storage in Sri Lanka

Indian grant for 5,000 tonne cold storage in Sri Lanka

India Monday signed an agreement with Sri Lanka to grant 300 million rupees to build a 5,000-metric ton temperature controlled warehouse to reduce post-harvest losses and price swings in agriculture. The facility will be in Dambulla in the Central Province, a key farming region. “The project envisages construction…

Cygnett to enter Dhaka, Colombo

Cygnett to enter Dhaka, Colombo

Gurugram-based Cygnett Hotels & Resorts is planning to set up hotels in Bangladesh and Sri Lanka soon, said…

China-built Sri Lanka ‘Port City’ aims to lure Indian investors

China-built Sri Lanka ‘Port City’ aims to lure Indian investors

A ‘Port City’ reclamation project funded by China next to Sri Lanka’s Colombo port to build a financial…

World Bank commits US$ 200 million to elevate Sri Lanka’s public health services

World Bank commits US$ 200 million to elevate Sri Lanka’s public health services

The World Bank has committed US$ 200 million to upgrade the standards of performance of Sri Lanka’s public…

Qatar Chamber discusses trade ties with Sri Lankan delegation

Qatar Chamber discusses trade ties with Sri Lankan delegation

Qatar Chamber held a meeting with a trade delegation from Sri Lanka led by Governor of the Central…

South Korea ready to share business, IT know-how with SL

South Korea ready to share business, IT know-how with SL

South Korea is ready to share its know-how on industrial, business and Information Technology since it has made…

Deepa Mehta to adapt ‘Funny Boy’ on screen

Deepa Mehta to adapt ‘Funny Boy’ on screen

Filmmaker Deepa Mehta’s next film is an adaptation of Sri Lankan-Canadian novelist Shyam Selvadurai’s “Funny Boy”. First published…

Millennium to invest Rs5bn in Sri Lanka affordable housing, luxury apartment

Millennium to invest Rs5bn in Sri Lanka affordable housing, luxury apartment

Sri Lanka’s Millennium Housing Developers Plc, a publicly traded company said it was investing 5 billion rupees to…

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