An Echelon Media Company
Saturday April 20th, 2024
Investment

Sri Lanka trade minister seeks to increase South Korea FDI, exports

Minister met Ambassador of the Korean Government Miyon Lee to discuss investment and increasing exports.

February 1, 2024 1 min read

Sri Lanka President invites Indian firms to privatization

Wickremesinghe has invited Indian firms to invest in state enterprises being re-structured

January 18, 2024 1 min read

Sri Lanka president, business community seek FDI and PPP in Switzerland

Opportunities for investments in energy, agriculture, tourism, IT and infrastructure through public-private partnerships

January 17, 2024 2 min read

Sri Lanka to slash red tape for film tourism

Tourism Promotion Bureau will get fast approval for foreign producers who want to use island as a location

January 12, 2024 1 min read
India's BAL Investment interested in land around aragalaya site

An acre of land at Baladaksha Mawatha was requested for a joint development project by Bal Investments

Sri Lanka can boost passport strength, draw investors: consultancy 

Sri Lanka needs to sign more visa free agreements, have citizenship and residency programs to strengthen passport.

Sri Lanka analyzing financial capabilities of mining applicants – Minister

Sri Lanka earns $30 million annually from mineral exports - BOI data

October 16, 2023 2 min read

Chinese firm resumes talks over Hambantota investment zone – Minister

Sri Lanka has promised China to provide 15,000 acre investment zone in Hambantota

Shihar Aneez
October 16, 2023 2 min read

Sri Lanka slashes 2023 FDI target to $1 bln; hopes on metal, refinery plants to help

Sinopec has greater chance to win Hambantota oil refinery bid - officials

Shihar Aneez
October 15, 2023 3 min read

Sri Lanka has to spend more on research, build links with business 

Only 0.1 percent of Sri Lanka’s GDP goes to innovations: official

Nethmi Rajawasam
October 14, 2023 2 min read

Sri Lanka Investment Minister comments on ex-British PM promoting Chinese Port City

A former US envoy has warned of unintended consequences of 'nefarious actors' misusing Port City

October 13, 2023 2 min read

Sri Lanka’s Chinese-built Port City attracts $1.6 bln from 17 investors – Minister

Port City is yet to see significant investments

October 13, 2023 2 min read

Sri Lanka talks engaging diaspora with Commonwealth Sec-Gen

This dialogue seeks to foster connections and collaborations with Sri Lanka’s global diaspora for mutual benefit

Apsara Rodrigo
September 25, 2023 2 min read

Sri Lanka BoI looks at rejected but reusable materials

The CEA tied up with BoI to increase the collection of reusable or recyclable materials produced as factory byproducts

Apsara Rodrigo
September 25, 2023 2 min read

Sri Lanka business roundtable in NY to attract investment

Business meeting in New York saw participation from 40 US businesses keen on exploring investment and trade in SL

September 19, 2023 1 min read

Sri Lanka online businesses to register on QR code system

The government is unable to acquire any revenue from “large-scale online businesses” operating in the country

Nethmi Rajawasam
September 14, 2023 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka Railways land can be leased to develop Eastern Province: Minister

“The government is prepared to lease these lands in a transparent manner for projects by charging an appropriate rent....

Nethmi Rajawasam
September 1, 2023 1 min read

Sri Lanka pitches for Indian investment flows at Chennai forum

Sri Lanka starts its first investor forum after the sovereign debt default

August 11, 2023 2 min read

China interested investing in Sri Lanka’s North, East; 13A allows India in Trinco

Sri Lanka has been looking for large foreign investments to come out of an unprecedented economic crisis

August 7, 2023 3 min read
1

Sri Lanka ruling MP raps bureaucrats for investment delay

The MP explains how bureaucrats delayed a cable car investment project

August 1, 2023 3 min read

Start or perish; Sri Lanka gives ultimatum for halted investments with state lands

Sri Lanka is fast tracking investments ahead of it starting external debt repayments after the ongoing restructuring

July 21, 2023 2 min read

Crisis-hit Sri Lanka offers investment zones for private investors 

Sri Lanka is struggling to bring in more non-interest bearing foreign inflows amid default

July 21, 2023 2 min read

Sri Lanka amends new fuel supplier deal to smoothen pressure on exchange rate - minister

Sri Lanka has awarded retail fuel licenses to China’s Sinopec, United Petroleum Australia and US-based RM Parks

July 5, 2023 1 min read

Sri Lanka foreign reserves rise 2.2-pct to US$2,755mn in April

Sri Lanka foreign reserves are negative on a net basis

May 4, 2023 1 min read

Sri Lanka President considers incentive package to attract FDI - Cabinet spokesman 

Port City has yet to attract large investments despite its work was completed in early 2018

May 3, 2023 1 min read
1

China attempts to prove its close cooperation with debt defaulted Sri Lanka

"We are always "providing free charcoal in the snow" instead of "collecting rented-umbrellas in the rain", - CMG chief

April 24, 2023 2 min read