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Wednesday June 7th, 2023

Sri Lanka will not sell or lease East Terminal: PM

Sri Lanka will not sell or lease the East Container Terminal Prime Minister Mahinda Rajapaksa said as trade union opposi...

January 31, 2021 2 min read

SriLankan Airlines saves US$150mn on leases, gets equity

State-run SriLankan airlines has re-negotiated several lease contracts saving the airline 150 million dollars over five ...

January 31, 2021 1 min read

Sri Lanka's Expolanka Holdings profits soar amid pandemic disruptions

Profits at Sri Lanka's Expolanka Holdings Plc soared to 4.5 billion rupees in the December 2020 quarter, up from 15 fold...

January 29, 2021 2 min read

Sri Lanka to invite investors for BOT port warehouse complex

Sri Lanka's Minister of Ports and Shipping was given the go ahead to call investors to build a warehouse in the capital ...

January 27, 2021 1 min read
Sri Lanka Railways starts Mt Lavinia to Jaffna train with India support

Another Indian firm is upgrading railway tracks between on the Maho-Anuradhapura-Omanthai track.

Sri Lanka and India discuss fast tracking Indian Ocean naval, security deal

Sri Lanka's Prime Minister Ranil Wickremesinghe and India's Foreign Minister Sushma Swaraj had discussed the need to fas...

August 27, 2018 2 min read

SriLankan Airlines drained by high commissions paid to GSAs owned by one person

SriLankan Airlines had been drained by unusually high commissions paid to general sales agencies operating in several co...

August 27, 2018 5 min read

Sri Lanka committed to Indian Ocean freedom of navigation, PM assures Japan

Sri Lanka is committed to the freedom of navigation in the Indian Ocean, Prime Minister Ranil Wickremesinghe had said du...

August 24, 2018 2 min read

Sri Lanka to start first boat service in Colombo canals with navy

ECONOMYNEXT – The Sri Lankan government is to start a passenger boat service on canals in the capital Colombo wit...

August 22, 2018 1 min read

SriLankan Airlines to swap Airbus A350s for smaller planes

State-run SriLankan Airlines is on track to renegotiate an order for four Airbus A350 long haul aircraft for other aircr...

August 22, 2018 2 min read

Sri Lanka to resume search for investor for SriLankan Airlines

Sri Lanka will re-start its search for a new partner for state-run SriLankan Airlines within the next three months throu...

August 21, 2018 2 min read

Sri Lanka finance minister slams neo-feudal bar on youth entry to service sector

SrI Lanka's finance minister Mangala Samaraweera has slammed a shocking neo-feudal law barring unemployed youth from ent...

August 19, 2018 4 min read

SriLankan offers Trivandrun or any other South Indian airport after Cochin closure

SriLankan Airlines said customers booked for Cochin which is closed till August 26 after floods could fly to any other S...

August 17, 2018 1 min read

SriLankan Airlines lose millions as ex-Chairman interferes in Paris flight

Nishantha Wickramasinghe, brother-in-law of ex-President Mahinda Rajapaksa had caused millions of rupees in losses and r...

August 16, 2018 5 min read

SriLankan Airlines suspends flights to Cochin until August 18

ECONOMYNEXT - SriLankan Airlines said it has temporarily suspended flights to and from the South Indian city of Cochin u...

August 15, 2018 1 min read
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Japan diplomats, defence officials, visit Sri Lanka's Hambantota port

A delegation of senior Japanese diplomats and military officials had visited Sri Lanka's Hambantota port, which is now o...

August 9, 2018 1 min read

Hambantota port control to revert to Sri Lanka after 80-years for one dollar

Sri Lanka can will regain a majority stake in the terminal company at Hambantota port from China after 80-years for one ...

August 9, 2018 2 min read

SriLankan Airlines ex-Chairman used head-of-state privileges to divert aircraft for personal gain

Brother-in-law of ex-President Mahinda Rajapaksa, Nishantha Wickremesinghe had used priviledges reserved for the head-of...

August 8, 2018 4 min read

Sri Lanka to do feasibility study on airport in central hills

ECONOMYNEXT – Sri Lanka’s Ministry of Transport and Civil Aviation is to conduct a feasibility study on bu...

August 8, 2018 1 min read

No Monetary Board approval for EPF investments in SriLankan Airlines

ECONOMYNEXT- Sri Lanka’s largest retirement fund which is under the custodianship of the Central Bank had not obt...

August 6, 2018 1 min read

Sri Lankan new car importers acknowledge need to cut imports

ECONOMYNEXT – An association representing Sri Lankan vehicle traders said it understood a government duty hike to...

August 3, 2018 3 min read

Sri Lanka’s Expolanka Holdings June net up 21-pct

ECONOMYNEXT – Sri Lanka’s Expolanka Holdings said net profit rose 21% to 247 million rupees in the June 20...

August 2, 2018 1 min read

Sri Lanka’s shipping community agree on anti-corruption policy

ECONOMYNEXT – Key segments of Sri Lanka’s shipping community have agreed on an anti-corruption and zero to...

August 2, 2018 2 min read

Questions over EPF, state banks buying SriLankan Airlines shares

ECONOMYNEXT - Sri Lanka's cabinet of ministers had been told that Bank of Ceylon would benefit from buying shares in lo...

August 2, 2018 2 min read

SriLankan Airlines security chief denies knowledge of staff released for election work

ECONOMYNEXT - Security officers of SriLankan Airlines given 'duty leave' around the time of the last presidential electi...

August 1, 2018 2 min read