Business News (242)
The Republic of Korea has relaxed the travel alert on Sri Lanka in a welcome move to the tourism industry. According to the Ministry of Foreign Affairs of the Republic of Korea, Sri Lanka’s travel alert has been readjusted from level 2 to level 1 as of 1 July.
The Republic of Korea has relaxed the travel alert on Sri Lanka in a welcome move to the tourism industry. According to the Ministry of Foreign Affairs of the Republic of Korea, Sri Lanka’s travel alert has been readjusted from level 2 to level 1 as of 1 July.
The U.S. Embassy in Colombo, in partnership with the Sri Lanka Department of Import and Export Control, launched the first Sri Lanka Strategic Trade Forum.
Dialog Axiata PLC (“Dialog”), Axiata Group Berhad (“Axiata”), and Bharti Airtel Limited (“Bharti Airtel”) (collectively “the Parties”) successfully completed the share sale transaction, with Dialog acquiring 100% of the issued shares in Bharti Airtel Lanka (Private) Limited (“Airtel Lanka”) through a share swap.
Sri Lanka is expected to achieve a total capacity of 1,251 MW from solar power generation by the end of this year, Power and Energy Minister Kanchana Wijesekera said.
Chongqing Airlines today resumed direct nonstop flights from Chongqing, China to Colombo, the Airport and Aviation Services (Sri Lanka) (Private) Limited (AASL) said.
SriLankan Airlines will spread its wings across the Middle East region after acquiring more aircraft on lease this year to strengthen its fleet, its top official says.
Sri Lanka edible oil imports have dropped to very low level with no shipments in the pipeline due to high freight charges, sharply pushing up prices, official sources confirmed.
The Inland Revenue Department (IRD) is currently undergoing a modernisation process to support recent tax policy reforms moving towards the automation of its core activities in a bid to improve efficiency, transparency and financial flexibility, Finance Ministry sources said.
Govt. seeks investment proposals for medicinal cannabis projects
editor
The Government has called for project proposals from local and foreign investors interested in the cultivation and manufacturing of medicinal products from cannabis (Triloka Vijayapathra) for export purposes.
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Sri Lanka electronic waste collection gets underway collecting over 7,700kg
editor
The Central Environment Authority (CEA) says that the electronic waste collection initiatives conducted in 11 districts have led to the collection of more than 7,700 kg of electronic waste.
SL’s Financial Intelligence Unit signs MoU with Bribery Commission
editor
The Financial Intelligence Unit (FIU) of Sri Lanka has entered into a Memorandum of Understanding (MOU) with the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) to exchange information relating to investigations and
Sri Lanka Construction sector activities accelerate to double digits
editor
The all-important construction sector in Sri Lanka added much more heft in the first three months of the year, from the growth recorded in the final three months of last year, as the borrowing costs declined while the construction sector material prices softened.
Sri Lanka’s present foreign currency-denominated debt volume has increased as a result of rupee fluctuations despite the suspension of all external debt repayments, Finance Ministry sources spelled out.