LNP - Moody’s upgrades Sri Lanka’s rating to Caa1; outlook stable
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+’
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
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
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
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
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
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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LNP - Comprehensive digitization project underway at BIA
The Bandaranaike International Airport, Katunayake (BIA) has implemented a comprehensive digitalizing project to facilitate a smooth flow of passenger...
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LNP - 2Q economic growth surges to 12.3% amid low base effect
Sri Lanka’s economy grew robust 12.3 percent in the second quarter of 2021 despite the COVID-19 virus-induced restrictions on economic activities si...
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LNP - Economic growth of 5% likely to be a reality: CBSL
The government yesterday sounded upbeat on the possibility of Sri Lanka achieving an economic growth of 5 percent in 2021. The Central Bank of Sri Lan...
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LNP - MAGA begins construction of new housing complex at Malapalla
Maga Engineering has begun construction of a new 10-storey medium-rise housing complex as part of the Government’s Railway Efficiency Improvement Pr...
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LNP - SL signs Rs.61.5 billion loan with China Development Bank
China Development Bank and Sri Lankan Government has entered into an agreement of RMB 2 billion - approximately Rs. 61.5 billion Term Facility today,...
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LNP - MAGA undertakes design and construction of two key flyovers in Colombo 02
Maga Engineering has begun construction of two new flyovers in Slave Island (Colombo 02), along Justice Akbar Mawatha and Uttarananda Mawatha. The pro...
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LNP - 57mn cubic meters sand required for development projects between 2021-25: Amaraweera
With the scheduled 13 development projects between 2021 and 2025, a total volume of 57 million cubic meters of sand will be required, Environment Mini...
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LNP - Construction of 4th car park commences in Colombo
The construction of the fourth car park has commenced at Abdul Kader Mawatha in Colombo 11 as part of a programme to construct 12 new car parks to eas...
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LNP - Colombo elevated highway project handed over to CHEC
The Cabinet approval was granted to award the contract for the construction of the elevated highway to Kelaniya New Bridge (NKB) via Rajagiriya connec...
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LNP - GS Sports denies links to Namal’s project
GS Sports has denied any involvement with a project initiated by Sports and Youth Affairs Minister Namal Rajapaksa to establish 500 container crossfit...
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LNP - COYLE marks celebratory hour with accent on driving development
Chief Guest Prime Minister Mahinda Rajapaksa graced the occasion at the COYLE anniversary celebrations following the 22nd AGM and appointment of the...
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LNP - New housing for squatters cost taxpayers’ Rs 500 mn
The government has allocated Rs 500 mn for relocating squatters who prevented the laying of new underground pipelines from the Colombo Port to the K...
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LNP - CBSL foresees brighter growth prospects in 2021
Sri Lanka’s 2021 GDP growth prospects seem positive despite the economy contracting by 1.7 per cent and 16.3 per cent in the first and ...
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LNP - Unauthorised constructions cannot be permitted within university premises – GL
Education Minister Prof. G.L. Peiris yesterday (11) said that monuments of any kind couldn’t be built within university premises under any circumsta...
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LNP - Development activities have been implemented in every electorate, fulfilling the expectations of the people – Nimal Lanza
Nimal Lanza, State Minister for Rural Roads and Residual Infrastructure said that the present government has implemented development activities in e...
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LNP - Softlogic Holdings’ topline records 9 per cent growth for 2QFY21
Extracts from Softlogic Holdings plc’s interim financial statements for the six months ended September 30, 2020 For a consumer-driven conglomerate i...
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