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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LNP - Biden close to projected victory; Trump confident
Democratic candidate, Joe Biden, was leading in the US presidential race with several key battleground states being balanced on a razor’s edge, at...
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Human development on course to decline this year for first time since 1990: UNDP
Global human development, which can be measured as a combination of the world’s education, health and living standards, could decline this year for ...
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UNDP’s HackaDev launches Innovation Challenge to crowdsource ideas for COVID-19 recovery
With the emergence of COVID-19 in Sri Lanka, the country has seen far reaching social and economic consequences affecting the livelihoods of many indi...
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Construction in further quandary with govt. delaying release of due payments
By Shabiya Ali AhlamThe local construction sector is set to slump further with its pleas to the government to release due payments, which are in exces...
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Construction work begins to launch CineCity Waterfront and Art Centre by 2020
Bringing in new hopes to the Sri Lankan cinema industry, construction work for Cinecity Waterfront and Art Centre commenced yesterday. Back in the day...
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Western Province economic growth could be accelerated by 10% with MCC grant
The economic growth of the Western Province could be accelerated by 10 percent per annum with the implementation of the advanced traffic management sy...
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Investor interest wanes in Chalmers Granaries project
The second attempt in two years to attract investors to develop the nine-acre Chalmers Granaries land opposite the Fort railway station as a mixed dev...
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Oman reiterates commitment to Hambantota refinery project
Omani Oil and Gas Minister Dr. Mohammed Hamed Al Rumhy has reiterated Oman Oil Company’s firm interest to take part in the Hambantota oil refinery p...
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IMF says materialising of key global risks could upset growth of emerging Asia
Washington DC Although the growth in emerging markets and developing economies is expected to stabilise around 5 percent, the International Monetary F...
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A money guzzling road project!
The development work on a proposed five-kilometre four-lane- stretch of a road in the main city being represented by a leading politico, taken on hand...
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PM inaugurates construction work of Bingiriya EPZ
The construction work of the Export Processing Zone (EPZ) in Bingiriya was inaugurated by Prime Minister Ranil Wickremesinghe together with Minister o...
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Dialog invests Rs. 30.6 bn for broadband infrastructure
Dialog Axiata PLC has recorded a consolidated revenue of Rs 109.2 billion, demonstrating a growth of 16% Year-to-Date (YTD) for the year ended Decembe...
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Planning to do the somersault with a big bang!
The action taken by this politico from an area North of the hill country sacred city to convene a special meeting of the party’s electorate Bala Man...
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National Govt. proposal made to House to accelerate development process - Kiriella
The proposal to form a National Government and increase the number of Ministers was made to Parliament with the objective of obtaining the participati...
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Panasian Power continues ‘success streak’ with 452% growth in PAT during 1H 2018
Panasian Power PLC (PAP.N), one of Sri Lanka’s leading green energy solutions providers, posted a consolidated net profit of Rs. 54 million for the ...
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Janashakthi Life continues to deliver ‘steady growth’ in Q3
Janashakthi Insurance PLC (Janashakthi) continued on its growth journey, registering a Gross Written Premium (GWP) of Rs.2.2 billion as at September 3...
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'SL's architects overlooked for major, local construction projects'
'Sri Lankan architects are capable, effective and knowledgeable and are in demand for foreign assignments. For instance, a Sri Lankan architect was as...
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World’s largest employer of Sri Lankans commits $ 300 m across many development projects
The Kingdom of Saudi Arabia (KSA) now stands as the largest employer of Sri Lankans outside of Sri Lanka and has committed $ 300 million for Sri Lan...
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Lanka yet to finalise project proposals for 2 bn yuan grant
Sri Lanka is yet to receive a two-billion-yuan (nearly USD 300 mn) grant from China as project proposals have not been finalised. President M...
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