In a joint operation against illegal migration, the Azerbaijani State Migration Service and the State Border Service have detained five Sri Lanka citizens. The investigation revealed that citizens of Sri Lanka arrived in Azerbaijan in order to illegall…
Spar International will make its entry into the Sri Lankan market with ‘ambitious plans’ to open 50 new stores by 2033. The expansion will be helmed by Spar Sri Lanka (Pvt) Ltd, a partnership between Spar South Africa and Ceylon Biscuits Limited. The partnership was launched at the grand opening of …
The Sri Lanka Navy on Thursday caught three people for attempting to smuggle 24.2 kg of gold from the country via sea. The three Sri Lankans were detained in the sea north of Mannar in the island’s north, Xinhua news agency reported. The Navy said the 242 gold biscuits, each weighing 100 grams, …
COLOMBO, April 12 (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 …
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 …
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…
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 …
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 …