PrimeGlobal adds member firm in China and debuts in Sri Lanka
Global professional services association PrimeGlobal has in recent months welcomed two new member firms in Asia: Pengsheng in China, and Ranwatta & Co in Sri Lanka. Headquartered in Southern China…
Tourism earnings jump by 6.7% to $161.8M in January
Sri Lanka’s tourism earning rose by 6.7% Year-on-Year to $161.8 million in January this year compared to $151.7 million recorded a year ago, according to the Central Bank of Sri…
American Clean Energy Solutions invests $150M in Ground-Mounted Solar Power Project in Nilaveli
Sri Lanka has recently awarded the American Clean Energy Solutions Inc. based in Ontario,Canada to develop 100 Megawatts solar power project on Sri Lanka Broadcasting Corporation (SLBC) land in Nilaweli,…
Sri Lanka bondholders ready for debt restructuring negotiations consistent with the IMF Programme
A group of Sri Lanka’s sovereign USD-denominated Bondholders of is ready to hold debt restructuring negotiations with Sri Lankan authorities consistent with the International Monetary Fund’s (IMF) program. “The Bondholder…
Japan donates $3.5M worth of New Cold Chain Equipment and Nutrition supplies to Sri Lanka
The Ministry of Health has today received walk-in cold rooms and nutrition supplies procured by UNICEF funded by the Government of Japan to continue to improve the health of all…
Fitch Downgrades Seven Sri Lankan Insurers’ National IFS Ratings to reflect changes in the relative creditworthiness among Sri Lankans
Fitch Ratings has downgraded the National Insurer Financial Strength (IFS) Ratings of seven Sri Lankan insurers following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan National Rating…
Inter-relationship between related government institutions critical to enhance the Ease of Doing Business Rankings
When dealing with raising the value of Sri Lanka’s ease of doing business index, there should be an inter-relationship between related government institutions, Madhura Withanage said. He made these remarks…
Italian Media personnel mesmerized by Sri Lanka’s cultural and natural diversity
Sri Lanka Tourism, in collaboration with the Sri Lanka Embassy in Italy, as one of its promotional activities carried out a Media FAM Tour to a group of Italian journalists…
Sri Lanka And Bangladesh Keen To Import Ethanol From India
Bangladesh and Sri Lanka are keen to start importing ethanol from India. Nitin Gadkari, India’s Minister of Road and Transport Highways announced that the issue has already been discussed with…
Sri Lanka’s central bank urges China and India to act quickly
Sri Lanka’s central bank Governor P. Nandalal Weerasinghe in an interview with BBC Newsnight urged China and India to act quickly for the country to secure a $2.9 billion IMF…