Business News Archives - Page 18 of 27

Foreign investors explore opportunities at Trincomalee and Hambantota Ports

CNL Reporter
November 29, 2024
Business News
Foreign investors explore opportunities at Trincomalee and Hambantota Ports
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As part of the Voyage Sri Lanka 2024 initiative, a group of 20 potential foreign investors from countries including India, Saudi Arabia, Maldives, France, Japan, Thailand, the United States,

AI is revolutionizing industries. Here’s what that means for consumer trust.

CNL Reporter
November 29, 2024
Business News
AI is revolutionizing industries. Here's what that means for consumer trust.
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By Matthew Driver, executive vice president, head of Services, Asia Pacific, Mastercard

Ambeon Capital brings down nearly 30 fund managers from Germany

CNL Reporter
November 29, 2024
Business News
Ambeon Capital brings down nearly 30 fund managers from Germany
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Ambeon Capital PLC (ACP) has invited nearly 30 fund managers from Germany for a four-day visit to Sri Lanka,

Tourist arrivals top 156,000 in first 26 days of November

Sri Lanka’s tourist arrivals have shown strong growth, rising 18% year-on-year (YoY) in the first 26 days of November with 156,174 visitors registered.

SLPA takes measured approach towards Adani’s Colombo port deal

CNL Reporter
November 29, 2024
Business News
SLPA takes measured approach towards Adani’s Colombo port deal
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The Sri Lanka Ports Authority (SLPA) has affirmed its commitment to maintaining stability regarding the Colombo West International Terminal project, led by the Adani Group, amidst ongoing allegations in the US against the conglomerate’s top executives.

ADB Commits to Supporting Investment Growth in Sri Lanka

CNL Reporter
November 29, 2024
Banking and Financial
ADB Commits to Supporting Investment Growth in Sri Lanka
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The Asian Development Bank (ADB) has pledged its support for investment opportunities in Sri Lanka, citing increased foreign investor interest fuelled by the Government’s systematic financial reforms, according to the President’s Media Division.

ADB backs Sri Lanka’s growing investment potential in key sectors

CNL Reporter
November 28, 2024
Banking and Financial
ADB backs Sri Lanka’s growing investment potential in key sectors
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The Asian Development Bank (ADB) has pledged its support for investment opportunities in Sri Lanka,

Coconut imports imperative for export revenue surge

CNL Reporter
November 27, 2024
Business News
Coconut imports imperative for export revenue surge
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Local authorities are still awaiting approval to lift the ban on the import of coconut kernels,

Foreign investments encouraged in the mineral sector despite controversies

CNL Reporter
November 27, 2024
Investment
Foreign investments encouraged in the mineral sector despite controversies
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Sri Lanka is promulgating new laws and initiatives in the hope of securing up to 10 foreign investments in mining with a view to increasing transparency and deriving greater value from the country’s mineral resources.