Sri Lanka Latest News Provider - Lanka News Web (LNW)
Wednesday, 16 Jun 2021

Highlight

Sri Lanka goes for US$ 400 million swap deal with RBI once again

2021-06-15 07:24:00

Sri Lanka Central Bank will return to a US$ 400 million foreign currency swap with the Reserve Bank of India as part of measures to boost the country’s foreign reserves hit by the COVID-19 pandemic...


Importers reject request to provide sugar at lower prices for three months

2021-06-15 07:23:00

Sugar importers who made massive profits due to a tax concession given by the Government have expressed reservations to a Trade Ministry request to provide sugar to the state-owned Lak Sathosa franchise at lower prices for the next three months...


Sri Lanka resumes Basmati rice importation from Pakistan

2021-06-15 07:21:00

Sri Lanka will resume the importation of Basmati rice from Pakistan ending the restriction of seven months via State Trading (General) Corporation, official sources said...


Electric vehicles and solar energy take precedence in Sri Lanka gradually

2021-06-15 07:20:00

Sri Lanka is to direct towards the shifting of electric vehicles and solar power gradually President Gotabaya Rajapaksa accounts for nearly 60% of the fuel consumption in Sri Lanka...


Customs’ seizure of organic fertiliser containers raises million dollar question

2021-06-14 07:24:00

Sri Lanka Customs seizure of three 40 ft containers of organic fertiliser imported from Madurai, South India by an unregistered company without considering strict quarantine laws in the island, has created another controversy raising many questions...


Government tightens the noose around essential commodity dealers

2021-06-14 07:22:00

The cash strapped government is making unorthodox moves to prevent shortages of essential commodities while tightening the noose around the neck of essential food importers wholesalers and distributes...


PickMe portal makes 40% savings for corporate and SMEs

2021-06-14 07:22:00

PickMe, the app based digital mobility company, in a revolutionary move to disrupt standard models of transport services in medium and small-scale businesses in Sri Lanka, has opened up a portal for SMEs. This application will help these businesses bring down their transportation costs by as much as 40 percent...


State monopoly on petroleum refining comes to end via amending the law

2021-06-14 07:21:00

State monopoly on fuel refining, selling and distributing petroleum products in Sri Lanka will come to an end with the amending of Ceylon Petroleum Corporation (CPC) Act No 28 of 1961 by revising it for the second time after 2002, the Ministry of Energy announced...


Motor Traders express concern on attempt to import 399 vehicles

2021-06-13 07:23:00

The Ceylon Motor Traders Association (CMTA) has expressed its concerns on the decision the Government has taken to import 399 vehicles – including 227 luxury SUVs – to a value of Rs. 3.7 billion through the Bank of Ceylon...


NBFIs to extend concessions for Covid hit Businesses and Individuals

2021-06-13 07:22:00

Covid -19 third wave battered Businesses and individuals who are indebted Licensed Finance Companies and Specialised Leasing Companies [Non-Banking Financial Institutions (NBFIs)] are to be given concessions on directives issued by the Central Bank...


Public-Private Partnership (PPP) investment model to be introduced for UDA

2021-06-13 07:21:00

With the aim of attracting new private capital that has not been available before, the government has recently introduced a Public-Private Partnership (PPP) investment model to the Urban Development Authority (UDA,), senior official of the ministry said...


Ship blaze triggers tourism crisis following worst ever beach pollution

2021-06-13 07:19:00

Tourism, which is an important component of the Sri Lankan economy, is certainly to be severely affected by MV X-PRESS PEARL disaster as foreign travellers would prefer to stay away from the island’s beaches, industry sources said...


Experts call on Government to look before leap into Organic fertiliser

2021-06-13 07:19:00

Sri Lanka should use modern fertiliser technology, manage risks and overcome challenges of using organic manure in well thought out process instead of banning chemical fertiliser outright, Agro technology researchers, practitioners and civil society activists suggested...


IFC calls for a new high-value vision for the Sri Lanka tourism

2021-06-12 07:25:00

IFC’s Vice President for Asia and Pacific Alfonso Garcia Mora called for developing a new high-value post COVID-19 vision for the tourism industry, a key pillar of the Sri Lanka economy which has been battered by the pandemic...


Mega mixed development projects come up in valuable lands in 12 cities

2021-06-12 07:24:00

Urban Development and Housing Ministry is gearing up to develop Colombo, Hambantota, Jaffna, and Trincomalee as four main commercial cities and establish them to be connecting centres of the national and international network, as they consist of ports and airports of Sri Lanka, officials said...


Sri Lanka eyes US$ 3-5 billion additional export revenue

2021-06-12 07:20:00

The resilience of the export community was quite evident with the $ 14 billion export earnings recorded last year despite the supply chain and market access constraints due to the COVID-19 pandemic,he EDB Chief Suresh de Mel said..


Government compels to increase fuel price soon

2021-06-11 20:18:00

With Commodity prices including petroleum increase rapidly in the international market Sri Lanka government has no option other than introducing fuel price hike to face challenges in several fronts said, two senior government ministers confirmed...


Effluent Tax coming coming soon via new Environmental Act

2021-06-11 07:23:00

There would be around 42 amendments to the existing Act enacted in 1980 Energy Minister Udaya Gammanpila sad adding that Environment Minister Mahinda Amaraweera this week obtained Cabinet approval to proceed with amending the Act...


Sri Lanka promotes wellness tourism popularising heritage

2021-06-11 07:21:00

Sri Lanka Tourism Development Authority (SLTDA) is set to promote Wellness tourism in the country to attract niche market tourists as travel with a purpose is on the rise, officials said...


Government kicks start new industries in rural ares

2021-06-11 07:19:00

There are 256 District Secretariat divisions in the country. A district is divided into a number of Divisional Secretary’s Divisions (commonly known as DS Divisions), which are in turn subdivided into Grama Niladhari Divisions...


India says their business is the best to partner with Sri Lanka

2021-06-11 07:16:00

Outlining the comprehensive nature and scope of Indian investments in Sri Lanka, High Commissioner of India Gopal Baglay underlined the importance of private sector participation...


Colombo Port City to contribute around US$ 4.5 in new GDP

2021-06-10 07:33:00

State Minister of Finance Ajith Nivard Cabraal says that the Colombo Port City, the Hambantota Port and other new development projects will be key factors in taking Sri Lanka forward over the next few years...


Postal service incurs Rs 6 billion loss in Covid-19 crisis

2021-06-10 07:32:00

Sri Lanka postal services during the pandemic, has come to a near standstill although post offices and sub-post offices countrywide have been reopened for limited services including elders’ payments, and distribution of medicines, officials said...


100 Cities Development and Beautification Programme gets underway

2021-06-10 07:31:00

The Strategic Cities Development Programme is a Government Initiative under the Ministry of Urban Development vision to develop the secondary cities as a system of competitive, environmentally sustainable and well -linked cities in a bid to foster economic growth and prosperity...


Government presents policies for high sustainable growth

2021-06-10 07:24:00

Sri Lanka has put in place policies and strategies to unleash its next wave of high yet sustainable growth, despite challenges such as the pandemic, presidential secretary Dr. P.b. Jayasundera revealed...


Healthcare propels Sunshine Holdings’ strong performance

2021-06-10 07:22:00

Diversified Sri Lankan conglomerate Sunshine Holdings has recorded resilient revenue and profit growth in a pandemic-affected macroeconomic environment, reporting notable top-line and bottom-line performances growth during the year ended 31 March 2021 (FY20/21)...


Engaging with seafood stakeholders at the Aquatic Products Exchange Meeting

2021-06-09 07:31:00

On 25 May 2021, Consul General of Sri Lanka in Guangzhou Priyangika Dharmasena was invited to the Aquatic Products Exchange meeting organized by the Guangzhou Aquatic Production Chamber of Commerce. The Consul General from Thailand and representatives from Vietnam, Laos, Cambodia, Ecuador and the Philippines participated in the meeting. The event coincided with the inauguration of a Chaoshan seafood restaurant...


State owned Selendiva Investments to be listed in CSE this month

2021-06-09 07:26:00

The Selendiva Investments is an ‘entirely’ state holding company to be listed in Colombo Stock Exchange this month, which will work as the investment arm of the Government of Sri Lanka,..


State Minister Cabraal calls on investors not to miss SL’s “awesomeness”

2021-06-09 07:26:00

Foreign and local investors could get tremendous returns Investors as significant opportunities exist in many economic sectors in the country, claims Finance, State Minister Ajith Nivard Cabraal...


President and USAID discuss stalled development projects

2021-06-09 07:25:00

Sri Lanka’s foreign-funded infrastructure and development projects, under implantation are either delayed or suspended midway due to lack of proper coordination between various public institutions that implement such projects, a progress review report revealed...