Date: 24 November 2017
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Sri Lanka's Colombo moves to 25 among container ports
Posted on 01 Jan 1970

ECONOMYNEXT - Sri Lanka's Colombo Port has moved up two places to become the 25th busiest container port, next to Vietnam's Ho Chi Minh City, helped by a Chinese run terminal, a global ranking has shown.

In 2016 Colombo's volumes grew 10.6 percent to 5.734 million twenty foot equivalent units (TEUs) helping it overtake Bremen/Bremerhaven (5.535 mn) in Germany and Tanjung Prion (5.515mn) in Indonesia, in a ranking of top 100 container ports by Lloyd's List.

"The significant ri... Read More ^

EU bemoans SL’s broken promises
Posted on 01 Jan 1970
  • Says lack of action to repeal PTA a concern 
  • Urges Government to move on the matter after budget process 
  • Says SL should diversify products exported to EU market 
  • Encourages SL to explore new EU markets 

 

By Chathuri Dissanayake

The visiting European Union Parliamentary Delegation yesterday expressed its “disappointment&... Read More ^

Sri Lanka targets leading Middle Eastern tour operators
Posted on 01 Jan 1970

Sri Lanka Tourism Promotion Bureau successfully concluded a week long promotional mission to the Middle East as part of its on-going efforts to develop new markets and increase the number of visitors and spend from the region to Sri Lanka. A delegation of 20 partners from Sri Lanka’s tourism and hospitality industries visited Kuwait, Bahrain, Oman and Qatar from 15-19 October, holding one to one meetings and presentations on Sri Lanka with leading travel agency representatives an... Read More ^

SL Finance Minister assumes Chairmanship of G-24
Posted on 01 Jan 1970

Finance Minister, Mangala Samaraweera assumed Chairmanship of the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24), at its ninety-eighth meeting held in Washington DC.

In his acceptance speech as the incoming chair, Minister Samaraweera stated that the G-24 will focus on “continuing our collective and shared efforts to achieve our broad objective of improving living standards of the people in our countries.”

He pointe... Read More ^

Asia leads global growth but SL among vulnerable countries
Posted on 01 Jan 1970

 

 

 

Comments /  340 Views  / Saturday, 14 October 2017 01:11

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SL to receive $ 700 m from Millennium Challenge Corporation
Posted on 01 Jan 1970

SL to receive $ 700 m from Millennium Challenge Corporation


 

 

 

Comments /  260 Views <... Read More ^

Sri Lanka June exports up on ships, tea; imports slow
Posted on 01 Jan 1970

ECONOMYNEXT - Sri Lanka's exports rose 9.8 percent in June 2017 from a year earlier, helped by the delivery of two ships to Singapore and higher tea prices, while apparel exports fell, the central bank said.


Transport equipment exports rose to 54.3 million dollars in June from 7.6 million a year earlier.

Apparel exports fell 7.5 percent to 375.4 million dollars. Rubber products also rose 15.4 percent to 73.1 mi... Read More ^

Sri Lanka navy eyes increased sea marshals business
Posted on 01 Jan 1970

ECONOMYNEXT - Sri Lanka's new navy commander Wednesday announced plans to secure a greater role in providing anti-piracy security cover for international merchant shipping as the island emerged from a decades-long war.

Vice Admiral Travis Sinniah said Sri Lanka as a conflict-free nation in South Asia was well placed to protect international shipping between the pirate-infested gulf of Aden to straits of Malacca.

He said they were seeking ... Read More ^

‘SL can serve as fulcrum of modern Indian Ocean region’
Posted on 01 Jan 1970

Given the shift in global power to the Indian Ocean, Sri Lanka’s geostrategic location places it in a unique position to serve as the fulcrum of a modern Indian Ocean region, said Minister of Foreign Affairs Ravi Karunanayake.

Speaking at the IOMAC-ONS Certificate Course Awards Ceremony in Integrated Marine Affairs Management at the BMICH, he said that in a modern context, one of the most important sea lanes of communication runs just South of Dondra Head where close to 200 shi... Read More ^

Celogen Lanka opens US$ 6.6 mn pharmaceutical plant in Pallekelle
Posted on 01 Jan 1970

Celogen Lanka (Pvt) Ltd opened a news plant to manufacture pharmaceuticals, recently at the BOI Kandy Industrial Park at Pallekelle.

The new plant was formally opened by President Maithripala Sirisena, with Rajitha Senaratne - Minister of Health and Indigenous Medicine and Upul Jayasuriya, Chairman of Board of Investment of Sri Lanka.

The manufacturing facility is very significant because it is a joint venture between Sri Lankan and Indian entrepreneurs with an investment val... Read More ^