In the midst of controversy over USAID funding in Sri Lanka, the government has sought a report from the National NGO Secretariat in this regard, a Minister said yesterday.
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A major shipping company is attempting to acquire the Eastern Container Terminal of the Colombo Port. Altering the terminal’s route plan under the present government can be the preliminary step toward handing it over to another party, said Joint Alliance of Port Trade Unions Co-Convenor Shyamal Sumanaratne.
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Sri Lanka and the United Arab Emirates (UAE) signed an agreement on Reciprocal Promotion and Protection of Investments to strengthen economic and investment relations between the two countries, the President’s Media Division (PMD) said.
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India’s Adani Group has decided to withdraw its wind power deals with Sri Lanka, the company said in a letter to the island nation’s Board of Investment (BOI), after Colombo’s recently elected government was preparing to renegotiate the project for a lower price.
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Profits at Sri Lanka’s Digital Mobility Solutions Lanka Plc grew 38 percent to 292 million rupees in the December 2024 quarter as revenues surged amid higher usage, interim accounts showed.
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Manila-based Asian Development Bank is in talks to finance Sri Lanka with 900 million US dollars in 2025, after providing 808 million in 2024, to help the country emerge from an economic crisis, officials said.
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Zhu Yanwei, Deputy Chief of Mission of the Chinese Embassy, emphasized the strong ties between China and Sri Lanka, highlighting the shared aspirations of both nations.
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International Monetary Fund (IMF) Executive Director Dr. Krishnamoorthy Subramanian yesterday called on Prime Minister Dr. Harini Amarasuriya at the Prime Minister’s Office in Colombo.
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The country’s vehicle assembly and spare parts manufacturing industry has made significant progress over the past four years, increasing export income by USD 450 million, according to Deputy Minister of Industry and Entrepreneurship Development, Chaturanga Abeysinghe.
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Sri Lankan President Anura Kumara Dissanayake met with Sheikh Abdullah bin Mohammed Al Qasimi, CEO of Master Investment Group and a prominent figure in Ras Al Khaimah, at the Jumeirah Beach Hotel in Dubai.
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