The Met Department said Showers or thundershowers will occur at times in Northern, North-central, Central and Eastern provinces. Showers or thundershowers – Get the latest breaking news and top …
World Bank supporting ‘transformative initiatives’ in Sri Lanka recovery from default
Washington based World Bank is supporting Sri Lanka’s return to a growth path by helping transform key sectors with more concessional funds as the island recovers from a sovereign default, Managing Director Anna Bjerde said.
Adani is building a port, Sri Lanka is trying to sail again
President Ranil Wickremesinghe wants to repair the foreign policy damage wrought by his predecessor and attract investments from US and India. But China remains a force to reckon with …
US to build $553M terminal in Sri Lanka to compete with China’s Belt and Road
The Colombo port also has a terminal run by China Merchants Port Holdings. Another Chinese project, a luxury oceanside development spanning over 269 hectares of reclaimed land called Port City, is …
U.S. Finance Agency Lends to Sri Lankan Port to Counter Chinese Influence
The U.S. International Development Finance Corporation is joining forces with the Adani Group, strengthening ties to India and an embattled conglomerate.
Taxation reforms played significant role in Sri Lanka’s transformation – Minister Semasinghe
In the face of economic challenges, Sri Lanka is on the brink of a transformative journey towards financial resilience and stability.
US to invest $553m in Sri Lankan container terminal
The US International Development Finance Corporation says it will invest $553m in a container terminal in the Sri Lankan capital, Colombo.
Afghanistan’s dazzling World Cup 2023 run captivates cricket
Afghanistan’s dream run in the Cricket World Cup includes victories against former champions England, Pakistan and Sri Lanka. Tuesday’s defeat to Australia may have dented their semi-final hopes, but …
Property tax likely to be chosen over comprehensive wealth tax: KPMG
As Sri Lanka explores various avenues to enhance its tax revenue, it is likely that the country will opt for a property tax instead of implementing a comprehensive wealth tax, according to KPMG Sri …
Sri Lanka cement producer sees recovery begin amid rupee stability
ECONOMYNEXT- Sri Lanka’s Tokyo Cement said it was seeing a ” considerable increase in demand” as construction activity started to resume, with the exchange rate stabilizing and costs falling. The …