World - Business
May
The Minister of Agriculture Mahinda Amaraweera announced that Fertilizer has been identified as an essential item. The announcement was made at a media briefing this morning (May 21th)
May
Sri Lanka and Rwanda ink MoU on defence
The State Minister of Defence, Ruwan Wijewardene, leading a delegation to Rwanda signed a Memorandum of Understanding between Sri Lanka and the Republic of Rwanda on 15th May (2018).The State Minister undertook an official visit to the African country on an invitation extended by the Rwandan government, recently.
May
The Reuters news agency reported yesterday the Cabinet spokesman Dr. Rajitha Senaratne said that Iran has agreed to build a new oil refinery for Sri Lanka in addition to upgrading its ageing 50,000 barrel per day (bpd) state-owned refinery.
May
The High Commission of Sri Lanka in London, held its Annual Pirith Chanting Ceremony on 10th May followed by a Heel Dana (morning almsgiving) on 11th May 2018 to commemorate Vesak with the participation of the Sri Lankan community living in the United Kingdom.
May
Sri Lanka has offered Papua New Guinea assistance in the education sector, the Ministry of Foreign Affairs said today.High Commissioner Somasundaram Skandakumar presented his credentials as Sri Lanka’s High Commissioner to the Papua New Guinea Governor General Robert Dadae.
May
The Sri Lanka Ports Authority (SLPA) has earned record profits in the year 2017, reported the Ports and Shipping Minister yesterday.In 2017, the SLPA earned Rs 45.6 billion while its net profit after taxes came to Rs 13.3 billion. In 2016, the net profit was at Rs 1.03 billion.
May
China approves USD 1 billion for Central Expressway Featured
The Government of China has approved a loan of US$ 1 billion as funding for the construction of Central Expressway Phase I and Chinese Envoy in Colombo Cheng Xueyuan conveyed his government’s decision to Prime Minister Ranil Wickremesinghe at Temple Trees yesterday.
May
Net foreign e Colombo Stock Exchange (CSE) amounted to US$ 18 million during February 2018, according to the Central Bank. This included net inflows to the primary and secondary markets as well. Accordingly, cumulative net inflows in the first two months of 2018 were US dollars 54 million. Meanwhile, the government securities market (Treasury bills and bonds) recorded a net foreign investment outflow of US dollars 55.6 million in February 2018, following a net inflow of US dollars 47.3 million in January 2018.
May
President Maithripala Sirisena said that Sri Lanka strongly supports the Belt and Road Initiative and attached great importance to the joint mega-projects of Colombo Port City as well as the Hambantota Port and Industrial Park.
The President expressed these views when Ambassador of China, Cheng Xueyuan, called upon President Maithripala Sirisena at the President’s Official Residence to exchange views on China-Sri Lanka relations and joint construction of the Belt and Road Initiative.
President Sirisena said the tremendous assistance provided by China to the economic and social development of this island nation is highly appreciated by the Sri Lankan government and its people, a release from Embassy of People’s Republic of China in Sri Lanka said.
May
Transport and Civil Aviation Minister Nimal Siripala de Silva said a temporary terminal would be constructed within six months at the Bandaranaike International Airport to ease congestion. He said tenders for this purpose would be closed in June and the work would be completed by the end of this year.
