The report says Pharma Zone will facilitate the local pharmaceutical manufacturers with sufficient land for manufacturing plants and basic infrastructure facilities for the manufacture of pharmaceutical products with a view to achieving the Sri Lankan government’s target of localising production of essential …
AFP: Sri Lanka said yesterday it hopes to raise a record US $ 5.0 billion through bond issues this year as it seeks to repay its substantial debts. The country has already been forced to go to the International Monetary Fund (IMF) for a bailout after a…
China will invest US$1 billion in the construction of three 60-storey buildings at a megaproject near Sri Lanka’s main port, Colombo said on Tuesday, as Beijing seeks to boost its influence in the Indian Ocean. The deal follows an earlier Chinese investment of US$1.4 billion to carry out reclamation work …
Sri Lanka received its first instalment from China for Hambantota Port totalling US$ 292.1 million, the Central Bank confirmed on December 26. The sum was credited to Sri Lanka by China Merchant Port Holdings (CMPort) in line with the long lease of Ham…
KUALA LUMPUR: Axiata Group Bhd has invested US$2.2 billion in Sri Lanka over twenty years, making its subsidiary Dialog Axiata plc as the single largest foreign direct investment in the country. As a long term investor in Sri Lanka for over two decades…
KUALA LUMPUR (Dec 19): Axiata Group Bhd said the group via Dialog Axiata PLC has invested over US$2.2 billion (about RM8.96 billion) in Sri Lanka to spearhead the rapid development of the Sri Lankan telecommunication industry. In a statement today, mob…
COLOMBO, December 17, 2017 (WAFA) – The Government of Sri Lanka Sunday reiterated its rejection of US President Donald Trump’s decision to recognize Jerusalem as the capital of Israel and plans to move its embassy to Jerusalem from Tel Aviv. This came during a meeting between Prime Minister …
And for Sri Lanka, it seeks to ensure that authorities at all levels of government in Sri Lanka effectively implement national laws and policies protecting …
The US and Sri Lanka will stand together against the threats of North Korea’s nuclear weapons programme, and terrorist groups like ISIS, senior …
Shannon expressed these views at a media conference after Sri Lanka and the United States convened the second Partnership Dialogue in Colombo …