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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I know the reason for delaying Gin-Nilwala projects: MS
President Maithripala Sirisena yesterday said he knew the reason why the Gin-Nilwala development projects were suppressed and sidelined during the pas...
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Ports Ministry to present Cabinet paper on ECT development
Govt. grants approval to Ports Authority to run the ECT Ports Authority to procure equipment for the development of the Terminal Equipm...
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Mega water, sewerage project in northwestern Sri Lanka opens to benefit over 70,000 people
Sri Lankan Prime Minister Ranil Wickremesinghe on Monday inaugurated the Greater Kurunegala Water Supply and Sewerage Project in northwestern Sri Lank...
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GOOGLE LOON PROJECT: DISCUSSIONS RECOMMENCE
Disrupt Asia - Start-up conference, Innovation festival on August 11 The ‘Google Loon’ project is still alive and discussions to solve the freq...
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CONSTRUCTION OF US$ 250 MN PLANT PROCEEDING RAPIDLY
MINISTER MALIK SAMARAWICKRAMA VISITS BOI RIGID TyRE FACTORY Minister of Development Strategies and International Trade Malik Samarawickrama visited ...
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SL lost economic independence due to corrupt development projects: JVP
The JVP in Parliament yesterday said that the country had no economic independence as a direct result of the unfeasible large-scale development projec...
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PM launches Gamperaliya accelerated rural development program: PM
The demand for consumer goods had gone down as a result of money circulation decline in the country, Prime Minister Ranil Wickremesinghe said today. ...
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Sri Lanka’s govt gets USD 50Mn loan from OPEC fund for international development
Sri Lanka’s government signed a loan agreement for obtaining financial assistance of US 50 million dollars from OPEC fund for International Developm...
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India expresses concern over huge Chinese housing project in NE
Questions about competence of the company and large presence of Chinese workers. India has raised concern at the highest levels of the Sri Lankan Gove...
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Port of Colombo clocks 2nd highest growth rate in the world
The Port of Colombo recorded a 16.2% growth in container handling for the 1st quarter of 2018 over the same quarter last year, according to Alphaliner...
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World Bank withdraws US$ 200M waste projects due to corruption
The World Bank (WB) last month withdrew US$ 200 million in funds, which were earmarked for a garbage disposal project and Kelani River Flood Protectio...
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