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World Bank approves $70 million to improve services in rural Sri Lanka

World Bank approves $70 million to improve services in rural Sri Lanka

Washington, DC: The World Bank Board of Directors Thursday approved a $70 million credit to improve the quality of life of around one million people living in Northern, North Central,…

Oman’s Oil and Gas Minister arrives in Lanka to attend ceremony of oil refinery in Hambantota

Oman’s Oil and Gas Minister arrives in Lanka to attend ceremony of oil refinery in Hambantota

Dr Mohammed Hamad Al Ruhmy, Minister of Oil & Gas of the Sultanate of Oman was received by Minister Kabir Hashim at the Bandaranayake International Airport a short while ago.Dr.…

Pacific Endeavour 2019 (IPE19) starts tomorrow

Pacific Endeavour 2019 (IPE19) starts tomorrow

Australia and Sri Lanka’s cooperation on shared maritime security interests in the Indian Ocean is set to rise to a new level with Indo Pacific Endeavour 2019 (IPE19). Over 1,000…

Exports up by 1.4 % to $ 1.03 bn, imports down by 15.3 %

Exports up by 1.4 % to $ 1.03 bn, imports down by 15.3 %

Earnings from merchandise exports increased marginally by 1.4 per cent (year-on-year) to US dollars 1,033 million in December 2018. This marginal growth was mainly due to the base effect as…

Malaysia Airlines Adds Capacity to Melbourne, Osaka, Sri Lanka, Bali and Bangkok

Malaysia Airlines Adds Capacity to Melbourne, Osaka, Sri Lanka, Bali and Bangkok

Malaysia Airlines has announced additional services to Melbourne, Osaka, Sri Lanka, Bali and Bangkok during peak travel periods. Ignatius Ong, Malaysia Airlines Group Chief Revenue Officer, said: “Ahead of the…

Two Australian Naval ships arrive at port of Trincomalee

Two Australian Naval ships arrive at port of Trincomalee

In view of initial survey of a drowned ship in the seas around Batticaloa during the 2nd World War, two war ships of Australian Navy which arrived in Sri Lanka…

Australia to launch 7-nation Indian Ocean military exercises, starting in Sri Lanka

Australia to launch 7-nation Indian Ocean military exercises, starting in Sri Lanka

Australia will launch a seven-nation Indian Ocean military exercise next week. It will start in Sri Lanka where China has invested in strategic ports and loaned huge amounts to build…

French company Boccard to develop dairy farming and processing in SL

French company Boccard to develop dairy farming and processing in SL

The Ministry of Agriculture, Rural Economic Affairs, Livestock Development, Irrigation and Fisheries & Aquatic Resources Development of Sri Lanka signed a contract agreement with French Company Boccard to develop dairy…

Sri Lankan imports fall sharply in December 2018, trade gap narrows

Sri Lankan imports fall sharply in December 2018, trade gap narrows

Sri Lanka’s imports fell sharply in December 2018 from a year ago with the trade gap narrowing significantly after restrictions on vehicle and other consumer goods imports while exports rose…

Japan’s Belluna expects Sri Lanka property pick up

Japan’s Belluna expects Sri Lanka property pick up

Japan based Belluna group. which is investing 450 million US dollars in Sri Lanka’s tourism and property sectors, said that the country’s real estate industry will shift into high gear…