COLOMBO (Reuters) – China Communication Construction Company (CCCC) will invest $800 million to build an underground road network to Sri Lanka’s Port City, a $1.4 billion project built on reclaimed land, a government minister said. The plan, for which an agreement has already been signed, …
THE Democratic Socialist Republic of Sri Lanka overcame some recent political risks in tapping the US dollar bond market, pricing on April 11 a dual-tranche offering totaling US$2.50 billion. This is the largest fundraising ever by the sovereign in the…
Six Sri Lankan ministers tendered their resignations to President Maithripala Sirisena on Thursday, stating that they were unable to continue work in the nation’s unity government. The six ministers were from the Sri Lanka Freedom Party (SLFP) which is led by President Sirisena. The SLFP is a coalition …
When social media was banned, almost overnight every Sri Lankan transformed into digital ninjas. Aunties and uncles who didn’t know how to use privacy settings on Facebook suddenly knew what a VPN was. As racists broke curfew and stormed the streets, us ‘moderate’ minded people watched from …
A Dutch tourist was assaulted at a bar in Mirissa in Sri Lanka early on Sunday morning after he tried to stop employees at the bar sexually harassing two female tourists, British newspaper Daily Mirror reports. According to the newspaper, a group of to…
ECONOMYNEXT – Sri Lanka’s Company’s Act will be amended to maintain a register of shareholders owning more than 25 percent of a company, as part of strengthening anti-money laundering laws to global standards, the finance ministry said. The statement quoted State Minister of Finance Eran …
Apr 12, Colombo: The Asian Development Bank (ADB) says Sri Lanka’s economic growth over the next two years will depend on agriculture and the political climate and forecasts a 4.2% growth for this year and 4.8% for 2019 . While weather is an obvious concern on growth in agriculture, a major …
Speaking highly of the sound traditional friendship and all-round partnership between the two countries, Deputy Minister Quy agreed to propose an early visit by Vietnamese leaders to Sri Lanka. Sumith Nakandala stated that the consultation is one of th…
Apr 12, 2018 (LBO) – Sri Lanka’s cabinet of ministers has called for an action plan for expediting the activities related to exploration and production of petroleum. It has been planned to enter in to agreements with selected companies to explore the petroleum in Eastern Coastal area and shallow sea …
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