Shirajiv Sirimane

Over Rs. 20 Bn spent annually for dry, red chilli imports -SPMASL

Sri Lanka annually spends around Rs. 20 billion to import dry/red chillies and this is a very sad situation, said Chairman of the Seed and Planting Material Association Sri Lanka (SPMASL) Aruna...

Plans to introduce foreign labour incentive package to woo more remittances

People’s Bank has played a major role in helping Sri Lanka economy and people specially during the economic crisis, says Chief Executive Officer and General Manager, Clive...
“Lanka’s digital online payments increasing”

Sri Lanka’s digital payments has increased by 70% in 2022 as against 2021 and this trend should continue and be encouraged said Governor Central Bank Dr. Nandalal Weerasinghe...
SL can increase apparel revenue by USD 500 Mn

Sri Lanka can increase their annual apparel export revenue by minimum USD 500 million if Sri Lanka is allowed to export more items to India, said Secretary General Yohan...
New Act will make CBSL independent - Governor Dr. Nandalal Weerasinghe

The new proposed Central Bank Act will make the central bank more independent and is a step taken in the right direction, said Governor of Central Bank Dr. Nandalal...

JIA, Alliance Air ensuring steady tourist flow to Northern Province

The Northern province tourism sector is playing a major role towards the development of the tourism segment in Sri Lanka Chairman, Tourism Bureau, Northern Province, (TBNP) Sunil Dissanayake said.He...
Lanka targets USD 4 Bn from tourism in 2023

Sri Lanka is looking to target USD four billion revenue from the tourism industry this year, Minister of Lands and Tourism, Harin Fernando said.He told Daily News business during the sidelines of the...
“SL may be the first to recover in such a short time from financial crisis”

Sri Lanka will be among the first countries in the world that showed the quickest recovery after a huge economic crisis and with an IMF bailout, said Duminda Hulangamuwa, Senior Partner and Head of...
“Steps to further strengthen and defend Sri Lankan rupee”

Adequate steps are being taken by the central bank to further strengthen and defend the Sri Lanka rupee against the Dollar and the current rate is likely to be maintained further, Governor of Central...
“Indonesia ready for PTA with Sri Lanka”

Sri Lanka is yet to talk with Indonesia to formulate a Preferential Trade Agreement (PTA) leading to a (FTA) between the two countries, said Indonesian Ambassador to Sri Lanka, Dewi Gusting Tobing.“...
“INR for SL transactions welcomed, but more to be done”

Sri Lanka’s leading motor car assembly plant Chairman (Mahindra) and diversified business magnate, Nalin Welgama while welcoming the move to accept Indian rupees (INR) for local transactions said...
Rupee gain to have major positive impact on economy - Chambers

Strengthening of the Sri Lankan rupee as against the US dollar from last week will have a major positive impact to the economy. This is also another step towards reviving the economy to its previous...
Singaporean firm to open USD 1 Bn casino at Lotus Tower in August

Coordinating Secretary to the State Tourism Ministry, Dr. Arosha Fernando, State Tourism Minister Diana Gamage, Business Development Director of Kreate Pte Limited, Cyntia Chan and Retired Major...
“Multiple benefits by switching over to INR”

There would be multiple benefits for Sri Lankan companies and entrepreneurs by moving in paying for financial transactions in Indian rupees,(INR) Indian High Commissioner in Sri Lanka Gopal Baglay...
Tourist arrivals pass 100,000 mark for second successive month

Tourist arrivals for the second month in succession went pass the 100,000 market with February recording 107,639 arrivals. The January arrival figure was 102,545 .This was 96,507 in February 2022...
Country could save USD 60 Mn if permission given to replant palm oil-POIASL

Palm Oil Industry Association of Sri Lanka (POIASL) says that if permission is given to replant palm oil cultivation they can firstly reduce the annual palm oil import bill of around USD 60 million...
Lankaila infuses USD 3 Mn in Peacock Beach H’tota

The Guruge Group formed a joint venture with Lankaila Pvt Ltd, a Singapore based company for one of its subsidiaries Peacock Beach Hotel in Hambantota.Lankaila pumped in 3 million US Dollars (around...
IFS celebrates 25th anniversary, to recruit 400 more Lankans

IFS, the global cloud enterprise software company, which is celebrating the 25th in Sri Lankan operations plans to increase their staff by around 400 in Sri Lanka this year.Since its beginning in...
Adani Green Energy invests USD 442 Mn in BOI project

Managing Director, Adani Energy Anil Sardana, State Minister of Investment Promotion, Dilum Amunugama, Secretary - Ministry of investment Promotion M. M. Naimuddin, Chairman BOI, Dinesh Weerakkody...
Sunquick Lanka opens RTD Manufacturing Facility in Horana with Rs. 1.6 Bn investment

Sunquick Lanka (Private) Limited, the local manufacturer of Sunquick fruit concentrate, Sunquick BiBi ready-to-drink (RTD), invested Rs. 1.6 billion and opened its Manufacturing Facility in Horana...