Sanjaya Mohottala assumes duties as the Head of BOI
Sanjaya Mohottala assumed duties today as the 21st Chairman of the Board of Investment (BOI), the apex Investment Promotion Agency of Sri Lanka after Susantha Ratnayake stepped down from the position…
Sri Lanka eyes to open borders next month targeting long-term travelers
Sri Lanka’s government eyes to re-open the country for foreign travelers from next month with a proposal to issue six-month visas for tourists instead of the current one-month visas targeting…
Ceylon Graphite commences trading on the OTCQB Venture Market
Vancouver- based Ceylon Graphite Corp. announces that its common shares have been approved for trading on the OTCQB Venture Market in the United States from 3rd of December this year. Ceylon…
Sri Lanka’s President Calls Private Sector to make bold investment decisions
Sri Lanka’s President Gotabaya Rajapaksa called the country’s private sector to make bold investments moving away from conservative and low-risk strategies to live up to its reputation as the engine…
Sri Lanka seeks consultants for $100M India-funded solar project
The Sri Lanka Sustainable Energy Authority (SLSEA) is seeking consultants for the pre-feasibility study of installing solar rooftop systems in State buildings. The project is to be developed under a…
Budget 2021 is unlikely to provide a meaningful boost to the economy – Moody’s
Sri Lanka’s growth-oriented budget is unlikely to provide a meaningful boost to output, according to Moody’s Investors Service. “Despite the growth focus of the budget, we do not expect it…
SEC expects an increase in access to capital for Sri Lankan corporates
In welcoming budget 2021, the Securities and Exchange Commission of Sri Lanka (SEC) said that the proposed measures would deepen the capital market activity with increased access to capital for…
Sri Lanka Will Manage its looming debt crunch without IMF Support – Cabraal
The State Minister of Money Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal reiterated that the Government is able to manage the debt servicing with the available without resorting…
Sri Lanka’s air pollution levels back to normal
Sri Lanka’s air pollution levels have returned back to normal levels from the sudden rise in air pollution levels recorded in late October. “the pollutant levels are in decreasing trend…
American investment creates jobs and not debt – Ambassador Teplitz
The United States (U.S.) expressed its strong commitment to promote and expand private sector investments aimed at employment creation in Indo-Pacific Region including in Sri Lanka as an alternative to…