Business News (242)
A seven-member delegation from Sri Lanka, focusing on public procurement, commenced a three-day experience-sharing visit to Bangladesh Public Procurement Authority (BPPA).
The Lanka Hospitals Corporation PLC has officially announced that the Department of Public Enterprise of the Ministry of Finance, Economic Stabilization and National Policies has notified the company regarding a significant decision by the Board of Directors of Sri Lanka Insurance Corporation Limited.
Sri Lanka’s curent dollar earnings from merchandise exports, remittances, tourism and other services exceeded imports by 579 million US dollars in April 2024, official data shows.
The Government received an initial application from Starlink in March to commence operations in Sri Lanka and it is in the process of formulating the requisite regulations to allow the operation of the satellite internet service provider, the State Minister of Technology reveals.
Controversial Coal tender for Norochcholai Power Plant extended to 24 June
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With only three months remaining before the next coal unloading season begins, the closing date for the long-term tender to procure 50% of the coal requirements for the Norochcholai Coal Power Plant has been extended for the second time to 24 June official sources said ,.
A passenger who attempted to smuggle undeclared gemstones worth around Rs. 08 million out fo the country has been arrested by officers of the Sri Lanka Customs’ Narcotics Control Unit at the departure terminal of Bandaranaike International Airport (BIA) in Katunayake.
Economic policy continuity, macroeconomic stability vital for robust growth: Ravi K
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Sri Lanka’s economic policy continuity and macroeconomic stability will be crucial to achieve robust growth in the next five years, former Finance Minister Ravi Karunanayake reiterated outlining the outcome of the Economic Transformation Bill.
Softlogic Holdings partners with Minor Hotels to rebrand Colombo Hotel
editor
Softlogic Holdings PLC has announced a significant partnership between its subsidiary, Softlogic City Hotels (Private) Limited, and the internationally renowned hotel operator Minor Hotels.
The Ministry of Foreign Affairs announced Sri Lanka is pleased to acknowledge the entry into force of the BIMSTEC Charter on 20 May 2024, marking a historic milestone in the 27-year journey of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).
Dialog Axiata PLC, a leading connectivity provider, has been awarded the tender of virtual private network (VPN) hosting of Sri Lanka Police Department recently.
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Sri Lanka re-launches “Investor Visa” program to spur property investments
editor
In an inspired strategic move to rejuvenate foreign investment in the real estate sector, the Department of Immigration and Emigration has reintroduced the “Investor Visa” program.
People’s Bank re-launches entrepreneurial development program to boost SMEs
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People’s Bank has announced the re-launch of its SPARK entrepreneurial development program, aimed at bolstering young entrepreneurs and supporting the growth of small and medium enterprises (SMEs) throughout Sri Lanka.
Sri Lanka is all set to triple the investment target set for 2024, State Minister of Investment Promotion Dilum Amunugama said, as the necessary activities to realise the goal for 1Q24, set by the Finance Ministry has been successfully rolled out.
Sri Lanka›s automobile assembly is experiencing significant growth and development with the involvement of world-renowned brands including Hyundai, Proton, BAIC, DFSK, Wuling, Mahindra, TATA, Bajaj, TVS, JMC and Lanka Ashok Leyland emphasizing the favourable environment for investment.