Sri Lanka’s food and beverage imports grow by 9 percent in 2020
Sri Lanka’s food and beverage imports grew by nearly 9 percent topping $1.5 billion last year (2020) compared to 2019 despite import restrictions, according to the Central Bank (CB). The…
India Has Its Way On Chinese Projects In North Sri Lanka – Analysis
India has got even with China by bagging the West Container Terminal and making Sri Lanka yield to its security concerns over Chinese power projects in the islands off Jaffna.…
Sri Lanka to Double Fresh Milk Production by 2024
The government aims to double the local fresh milk production to meet 80 percent of the country’s consumption by 2024, Prime Minister Mahinda Rajapaksa announced in Parliament yesterday. He said…
Sri Lanka halts port deal with India and Japan
Sri Lanka on Tuesday scrapped a deal to develop a major port terminal with India and Japan amid weeks-long protests by trade unions and opposition parties while India called on…
Adani Group’s T K Kannan appointed to Watawala Plantation Board as an Alternate Director
Adani Group’s T K Kannan is appointed as an Alternate Director to Madhu Ramachandra Rao in the Board of Sri Lanka’s Watawala Plantation PLC with effect from today. Kannan, who…
Sri Lankan shares drop most in nearly four months as financials, industrials fall
(Reuters) Sri Lankan shares on Tuesday suffered their worst single-day fall since October, led by sharp declines in financial and industrial stocks. Sri Lanka’s CSE All Share Index ended 6.56%…
IFS growth outperforms market in 2020 with 26% increase in software revenue
IFS, the global enterprise applications company has seen a 26% Year-on-Year increase in software revenue, according to its financial results for the full year ended December 31, 2020. 2020 saw widespread…
Rupee to depreciate by 12% in 2021- First Capital
Sri Lanka’s First Capital Research expects LKR to depreciate approximately by 12 percent during this year. “With the weak foreign currency reserve position, high foreign currency debt repayment and a…
Cinnamon Life to handover office and residential units at two towers in March
Sri Lanka’s largest mixed development, the $1 billion Cinnamon Life project announced the handover of units at ‘The Suites’ residential tower and ‘The Offices’ tower by March 2021, following delays.…
Sri Lanka – Korea Business Councill urges Tourism Authorities to target high spending South Korean Tourists
Sri Lanka – Korea Business Council (SLKBC) urges the Tourism Promotion Bureau to target South Korea’s outbound tourism market to attract high-spending tourists to the country. “The Per Capita income…