INVESTMENT AGREEMENT
Putus Brother’s Sustainable Developments signed an agreement with the Board of Investment (BOI) of Sri Lanka to construct and operate
TOURISM TRADE
Tourist arrivals to Sri Lanka have gradually started to pick up following the Easter Sunday attacks that took place in April.
GLOBAL FORUM
The inaugural session of the UN-Habitat Assembly (UNHA) took place in Nairobi, Kenya, last month where Sri Lanka was
NATIONAL DEVELOPMENT
The IBRD will provide credit facilities to Sri Lanka in the first phase of a project aimed at mitigating the risks caused by adverse weather patterns
TRADE RELATIONS
Asian markets largely tumbled on Monday, tracking global losses as Wall Street clocked its worst month this year with investors opting for safe haven assets
MARKET UPDATE
Asian stocks edged down Friday despite modest gains on Wall Street overnight as US President Donald Trump’s sudden announcement
FOREST CONSERVATION
President Maithripala Sirisena instructed officials at a progress review meeting held at the Department of Forest Conservation to cancel the licences of
TOURISM INDUSTRY
A month after deadly terror attacks struck the nation, conditions are gradually returning to normal, according to Minister of Tourism Development
EXPORT SECTOR
The Exporters Association of Sri Lanka (EASL) is expected to initiate discussions with the Government of Sri Lanka with regards to the provision of tax
REGIONAL MARKETS
Asian markets made a tepid recovery Monday as investors sought to shrug off a difficult week dominated by anxiety over the fractious US-China trade war
CRICKET UPDATE
Kumar Sangakkara hopes Sri Lanka can somehow overcome their “chaotic” buildup to the World Cup thanks to new captain Dimuth Karunaratne’s
REGULATORY MEASURES
The IMF has advised the Securities and Exchange Commission (SEC) of Sri Lanka to streamline its enforcement programme and improve its overall effectiveness.
POLLUTION CONTROL
Sri Lanka’s Central Environmental Authority (CEA) has decided to monitor hazardous particulate matter below PM10 to coincide with World Environment Day on 5 June
WAR REMEMBRANCE
Sri Lanka’s president marked the 10th anniversary of the end of a protracted war with Tamil rebels Sunday by vowing to crush Islamist militants responsible
RETAIL SECTOR
Burberry, the luxury British fashion house, announced Thursday a rise in annual net profit on lower restructuring costs; but its share price frayed on sluggish Asian sales, notably in China.
FOREIGN SUPPORT
China has expressed solidarity to assist Sri Lanka in its efforts to eradicate terrorism, to which end the Chinese government has taken
MARKET UPDATE
Markets in Asia were largely down in morning trade on Monday as the lack of a US-China trade deal cast a cloud over the market
RETAIL SECTOR
Asia’s richest man Mukesh Ambani has snapped up the storied British toy store Hamleys from its Chinese owners for US$ 88 million
COUNTERTERRORISM
Sri Lanka will be one of the first confirmed beneficiaries of the UN’s Countering Terrorist Travel Programme, which was launched on 7 May and is largely funded by the Netherlands.
OIL AND GAS INDUSTRY
A Sri Lankan ministerial delegation headed by Minister of Development Strategies and International Trade Malik Samarawickrama
