An Echelon Media Company
Thursday April 18th, 2024

Sri Lanka UDA to finalise investment for 22 development projects

Another 5 projects are in clearance.

January 11, 2024 2 min read

Sri Lanka UDA hopes to earn Rs21bn from land sales over three years: report

The land is available for under long-term lease for public private partnerships.

January 9, 2024 1 min read

UAE investors express interest in Sri Lanka’s energy, tourism, ports, real estate: Ali Sabry

Sri Lanka embassy to facilitate a higher level UAE business delegation visit to Sri Lanka

December 3, 2023 1 min read

Sri Lanka's BOI attracted increased FDI, particularly in energy: Minister

"The BOI has approved several new projects that will lead the country's energy sector in a new direction."

November 27, 2023 1 min read
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.

Sri Lanka President invites Indian firms to privatization

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

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

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

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
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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
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Source: Central Bank/Indicative
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pts %
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3-m bill 21.72 21.79
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8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
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Net foreign buying in Sri Lanka govt securities triples in three months - data

Foreigners hardly invested in Sri Lanka's govt securities in 2021 when central bank maintained rates artificially low

April 10, 2023 2 min read

Sri Lanka risks of losing EU trade concession over PTA – German envoy

Sri Lanka has been repeatedly asked to repeal PTA, a law governments also used to suppress dissents

Shihar Aneez
February 18, 2023 2 min read

Sri Lanka eyes Saudi investments for energy, real estate, Port City - Foreign Minister 

Sri Lanka's relationship with Saudi was hit by forced cremation under former president Gotabaya Rajapaksa

January 24, 2023 2 min read

Sri Lanka president to provide free rice for poor amid rising discontent

Sri Lanka sees new anti-government protest amid high cost of living, taxes

January 16, 2023 2 min read

Pakistan diplomats and Sri Lanka Chamber Federation look to boost trade

Trade and Investment Attache of Pakistan was also present in the meeting.

January 16, 2023 1 min read

Crisis-hit Sri Lanka eyes ambitious, record $2 bln FDI next year

Sri Lanka has seen $713 mln in FDI in the first 9 months of 2022

Chanka Jayasinghe
December 21, 2022 1 min read

Sri Lanka State Tourism Minister claims in talks for $5 bln investment for transport hub

Foreign investors have kept away from Sri Lanka due to unprecedented economic crisis

November 28, 2022 1 min read

Sri Lanka 2023 budget proposes logistic hubs to boost trade

Sri Lanka has been in the process of coming out of an unprecedented economic crisis

November 16, 2022 1 min read

Sri Lanka analysts frown upon Wickremesinghe's high defence budget 

Sri Lanka's defence budget is almost equal to the total of education, health allocations

Mahadiya Hamza
November 15, 2022 3 min read

Crisis-hit Sri Lanka targets more tax revenue in 2023 budget; concerns on SOEs, spending remain

Budget has not focused on restructuring key loss making SOEs, govt spending

Shihar Aneez
November 14, 2022 5 min read