LNP - Engineer abandoned Port Access Elevated Highway project to drag 2 more years

2025-10-17   |   Development

Delays to the completion of the Port Access Elevated Highway (PAEH) which would link Colombo City Centre and Katunayake Expressway (CKE) via the port ...

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LNP - New Zealand loosens path to residency for some migrants

2025-09-23   |   Development

The New Zealand government said on Tuesday it was introducing two new pathways for migrants to gain residency as part of their efforts to boost the co...

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LNP - Credit card debt growth slows despite consumer spending rise

2025-09-22   |   Development

Sri Lanka’s credit card debt expanded at a slower pace in July, even as overall credit in the economy grew faster, supported by low interest rates a...

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LNP - Sri Lanka targets 4–5% GDP growth in medium to long-term: CBSL Governor

2025-08-15   |   Development

Sri Lanka is striving to achieve 4–5% GDP growth in the medium to long-term in comparison to the baseline requirement of 3% set by the International...

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LNP - Asian Development Bank lowers Sri Lanka’s GDP growth estimate for FY2025

2025-07-23   |   Development

The Asian Development Bank (ADB) has revised downward its GDP growth forecast for Sri Lanka, primarily due to the effects of US tariff policies. The r...

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LNP - Tree planting project along Colombo’s Marine Drive commences

2025-06-06   |   Development

A tree planting and conservation project was launched today (5) along the stretch of Colombo’s Marine Drive, from the Kollupitiya Railway Station to...

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LNP - Sri Lanka strongly rejects genocide allegations, protests monument construction in Canada

2025-05-14   |   Development

The Government of Sri Lanka maintains that the allegation of genocide during the final phase of the conflict in Sri Lanka is unsubstantiated by any cr...

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LNP - World Bank grants Sri Lanka $1.0bn loan

2025-05-08   |   Development

Colombo (AFP): Sri Lanka has been granted a billion-dollar loan to boost its agriculture, tourism and energy sectors, the World Bank said on Wednesday...

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LNP - Pilot project to enable online traffic fine payments

2025-04-10   |   Development

Sri Lanka Police has launched a pilot project to enable motorists to pay traffic fines online, in a move aimed at streamlining the payment process and...

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LNP - Sri Lanka’s first cable car project to launch by year-end

2025-03-25   |   Development

Cable car projects that operate more than a kilometre between two mountains without any support are rare in the world. The Sri Lankan people will have...

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LNP - Sweet surge in growth for local confectioneries in early 2025

2025-03-10   |   Development

By NUZLA RIZKIYA Sri Lanka’s confectionery industry is experiencing some sweet growth as it on an upward trajectory this year, supported by improvi...

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LNP - Construction on second terminal at BIA will begin soon: Bimal

2025-03-07   |   Development

The work on the second terminal of the Bandaranaike International Airport (BIA) will begin this year, Minister of Aviation Bimal Ratnayke told Parliam...

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LNP - Govt. to woo top ten shipping liners in world for Colombo port expansion

2025-03-05   |   Development

The government will call for Expression of Interest (EOI) from the top ten shipping companies in the world next month for the expansion of the Colombo...

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LNP - Sri Lankans among migrants deported from US to Panama, moved to jungle region

2025-02-21   |   Development

A group of nearly 100 migrants deported from the U.S. to Panama last week, including Sri Lankans, has been moved from a hotel in the capital to the Da...

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LNP - Japan grants Rs. 565 million to ‘Clean Sri Lanka’ project

2025-02-07   |   Development

Under Japan’s Economic and Social Development Programme, a grant of 300 million Japanese Yen (approximately LKR 565 million) has been provided to pr...

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LNP - China expresses readiness to collaborate with Sri Lanka towards a new era of development

2025-01-15   |   Development

The People’s Republic of China has played a vital role in the social and economic development of Sri Lanka for decades, President Anura Kumara Dissa...

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LNP - Port City to break ground for Marina development on Friday

2025-01-07   |   Development

The Port City, Colombo on Friday will break ground for its Marina development, which is tipped to be a key value proposition boosting business and att...

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LNP - Two pilot traffic projects begin in Sri Lanka to improve road safety

2025-01-05   |   Development

In line with the Clean Sri Lanka project, the Sri Lanka Police has launched two traffic initiatives aimed at reducing accidents and easing congestion....

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LNP - Moody’s upgrades Sri Lanka’s rating to Caa1; outlook stable

2024-12-24   |   Development

Global rating agency, Moody’s yesterday upgraded the Government of Sri Lanka’s Long-Term Foreign Currency Issuer Rating to Caa1 from Ca. The outlo...

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LNP - Fitch upgrades Sri Lanka to ‘CCC+’

2024-12-21   |   Development

Fitch Ratings has upgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘RD’ (Restricted Default), citi...

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LNP - World Bank affirms all support projects in SL will continue uninterrupted

2024-12-06   |   Development

Parameswaran Iyer with President Dissanayake The World Bank Group this week affirmed that all ongoing World Bank-supported projects in Sri Lanka will ...

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LNP - Sri Lanka’s Mahima Herath wins third place in Australia’s Humanitarian Innovation Pitch

2024-10-18   |   Development

Mahima Pivithuru Herath, a postgraduate student at Griffith University from Sri Lanka has secured third place in the prestigious Humanitarian Innovati...

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LNP - Lanwa Sanstha’s opening next month to ease cement shortage, boost construction

2022-02-23   |   Development

Lanwa Sanstha Cement Corporation Ltd., a state-of-the-art cement manufacturing facility that is expected to be one of the region's largest, is set to ...

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LNP - BIA expansion project phase II begins tomorrow

2021-11-24   |   Development

The second phase of the expansion of the Bandaranaike International Airport (BIA) in Katunayaka will be officially declared open tomorrow (25 November...

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LNP - China offers to invest USD 800 million in renewable energy projects in Sri Lanka

2021-10-21   |   Development

The China National Energy Engineering and Construction Company Limited (CNEE), a Chinese state-owned energy conglomerate, has offered to invest USD 80...

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