Shirajiv Sirimane

Inflation to become single digit before year end -CBSL

Sri Lanka’s inflation will come down to a single digit well before the end of the year Governor of the Central Bank, Dr. P. Nandalal Weerasinghe said yesterday addressing the ILO Convenes National...

Sri Lanka Food Processors Association in process of concluding LEED+

The Sri Lanka Food Processors Association (SLFPA) is in the process of concluding its first project partnership with the Local Empowerment for Economic Development and...
“Lanka’s economy showing signs of settling down”

Sri Lanka’s economy is showing signs of settling down and this is a positive sentiment, said CEO, Director/ CEO of National Development Bank Dimantha Seneviratne, at the...
Lankaila invests over Rs 2.2 Bn on hotel acquisition and refurbishment

Lankaila (Pvt) Ltd has invested over Rs. 2.2 billion in the last two months to acquire hotels for refurbishment, make partnerships and also engage in securing management...
Sri Lanka made good progress in implementation of reform agenda

The visiting IMF delegation said that they were content in the manner in which the Sri Lankan Government is implementing the reform agenda proposed by them, said Director of...

State-Owned Enterprise Restructuring Unit closes RFPs to divest identified SOEs

The Government of Sri Lanka (GoSL) is in the process of implementing deep economic reforms including in the State-Owned Enterprise (SOE) sector.In accordance with this principle to implement SOE...
Sri Lanka can attract over 3 Mn tourists from India - Priyank Gupta

Sri Lanka Tourism can attract over 3 million tourist arrivals from India alone if proper focused promotions are done to India, said Priyank Gupta, Chairman City Construction Contractors Pvt. Ltd....
“Pause or delay in IMF program will bring Lanka back to square one”

Any pause or delay in the IMF program will bring Sri Lanka back to square one and complicate countries’ debt restructuring, said Chairman Chamber of Commerce Vish Govinndasamy at the sixth AGM of Sri...
Browns Hotels acquires Elephant Corridor Sigiriya for over Rs. 1 Bn

Browns Hotels and Resort’s has acquired ‘Elephant Corridor Hotel’ in Sigiriya, one of the most expensive hotels two decades ago from Sierra Group. The management has invested over Rs. one billion for...
CMPort to invest USD 392 Mn to build largest logistics complex in S. Asia

China Merchant Port Holdings (CMPort) is to ink an agreement with Sinopec to set up bunkering operations in Sri Lanka. The Company is the largest oil and petrochemical products supplier and the...
FitsAir to establish strong presence across SAARC

Sri Lanka’s aviation infrastructure has made significant progress over the years said Fits Aviation Director Ammar Kassim.“While there is always room for improvement, we are generally satisfied with...
Sri Lanka to build South Asia’s largest logistics complex with investment of USD 400 Mn

An agreement to the tune of USD 400 million was signed yesterday to build South Asia’s largest Commercial and Logistics Hub at the center of the Colombo Harbour.The Public Private Partnership (PPP)...
I was the first to go to IMF - Minister Ali Sabri

Former Minister of Finance Ali Sabri said that he was the first to go to the International Monetary Fund to seek a bailout package for Sri Lanka. Subsequently this was successfully followed up.The...
“Sri Lanka to offer Golden Visa to investors”

State Minister of Tourism Diana Gamage, Senior Advisor to the State Tourism Ministry Dr. Senaka De Silva, and Coordinating Secretary to the State Tourism Minister Dr. Arosha Fernando...
“Sri Lanka to offer Golden Visa to investors”

State Minister of Tourism Diana Gamage, Senior Advisor to the State Tourism Ministry Dr. Senaka De Silva, and Coordinating Secretary to the State Tourism Minister Dr. Arosha Fernando...
SL teen to train horses from UAE in N’ Eliya

For the first time in Sri Lanka, a teenage entrepreneur Oneli Palipane, based in Nuwara Eliya is proposing to set up a major FOREX earner to Sri Lanka by opting to train horses in Abu Dhabi in Sri...
IMF program last chance to create prosperous nation - President

There is huge potential for a green economy and Sri Lanka must get into it immediately, said President Ranil Wickremesinghe delivering the keynote address at CA Sri Lanka Forum on ‘Economic Dialogue...
CMTA calls for vehicle imports upto USD 400 Mn under quota system

The Ceylon Motor Traders’ Association (CMTA) said that Sri Lanka should once again allow motor car imports up to the annual value of USD 400 million once again.“This should be done under a quota...
“IMF first trance of USD 333 Mn huge stamp of investor confidence for Sri Lanka”

Though Sri Lanka received a small amount of around USD 333 million as the first tranche under the IMF Extended Fund Facility (EFF) it gave a huge stamp of investor confidence for Sri Lanka, said...
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...