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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Sri Lankan seafarers are in high demand internationally and there should be a proper mechanism for catering to that ever increasing demand, Seraya Shipping Private Limited and Serayav Maritime Service Limited Founder and Managing Director Sujeewa Senaratne said.
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Three investment zones will be established in Sri Lanka’s Northern Province, President Anura Kumara Disanayake told the World Bank.The statement was made during a meeting between President Anura Kumara Dissanayake and representatives of the World Bank held at the Presidential Secretariat.
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News of the Day In line with the new government’s energy policy and plan, significant efforts are underway to generate substantial foreign exchange for the country through the development of the Trincomalee Oil Tank Complex.
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Minister of Industry and Entrepreneurship Development Sunil Handunnetti says that the government will take measures to introduce a range of environmentally friendly products rooted in green energy principles, while preserving local identity, within the next two years.
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The Sri Lanka -Maldives Business Council of the Ceylon Chamber of Commerce this week highlighted numerous opportunities in the Maldives for the Sri Lankan companies in sectors such as logistics, tourism, agriculture, boat construction, fishery and construction.
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The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has approved the tariff plans for ‘Starlink’ satellite broadband services to be implemented through ‘Starlink’ Lanka (Private) Ltd.
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Health and Media Minister Dr. Nalinda Jayatissa announced yesterday that the Government had decided to modernise and develop the Thriposha Company in Kandana, operating under the Health and Media Ministry and continue it as a State-owned enterprise to fulfill the nutritional needs of the nation.
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Sri Lanka’s Board of Investment (BOI) signed 74 projects in 2024, with an estimated investment of US $ 608 million, with the second half of the year showing slow growth, the Finance Ministry said.
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The Korea International Cooperation Agency (KOICA) has proposed a special initiative to enhance conservation efforts at Sigiriya, a UNESCO World Heritage site, and boost its tourism attraction.
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