Development News

Global human development, which can be measured as a combination of the world’s education, health and living standards, could de…

With the emergence of COVID-19 in Sri Lanka, the country has seen far reaching social and economic consequences affecting the live…

By Shabiya Ali AhlamThe local construction sector is set to slump further with its pleas to the government to release due payments…

Bringing in new hopes to the Sri Lankan cinema industry, construction work for Cinecity Waterfront and Art Centre commenced yester…

The economic growth of the Western Province could be accelerated by 10 percent per annum with the implementation of the advanced t…

The second attempt in two years to attract investors to develop the nine-acre Chalmers Granaries land opposite the Fort railway st…

Omani Oil and Gas Minister Dr. Mohammed Hamed Al Rumhy has reiterated Oman Oil Company’s firm interest to take part in the Hamba…

Washington DC Although the growth in emerging markets and developing economies is expected to stabilise around 5 percent, the Inte…

The development work on a proposed five-kilometre four-lane- stretch of a road in the main city being represented by a leading pol…

The construction work of the Export Processing Zone (EPZ) in Bingiriya was inaugurated by Prime Minister Ranil Wickremesinghe toge…

Dialog Axiata PLC has recorded a consolidated revenue of Rs 109.2 billion, demonstrating a growth of 16% Year-to-Date (YTD) for th…

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…

The proposal to form a National Government and increase the number of Ministers was made to Parliament with the objective of obtai…

Panasian Power PLC (PAP.N), one of Sri Lanka’s leading green energy solutions providers, posted a consolidated net profit of Rs.…

Janashakthi Insurance PLC (Janashakthi) continued on its growth journey, registering a Gross Written Premium (GWP) of Rs.2.2 billi…

'Sri Lankan architects are capable, effective and knowledgeable and are in demand for foreign assignments. For instance, a Sri Lan…

The Kingdom of Saudi Arabia (KSA) now stands as the largest employer of Sri Lankans outside of Sri Lanka and has committed $ 300…

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 Maithripala Sirisena yesterday said he knew the reason why the Gin-Nilwala development projects were suppressed and side…

Govt. grants approval to Ports Authority to run the ECT  Ports Authority to procure equipment for the development of the…

Sri Lankan Prime Minister Ranil Wickremesinghe on Monday inaugurated the Greater Kurunegala Water Supply and Sewerage Project in n…

Disrupt Asia - Start-up conference, Innovation festival on August 11 The ‘Google Loon’ project is still alive and discussio…

MINISTER MALIK SAMARAWICKRAMA VISITS BOI RIGID TyRE FACTORY Minister of Development Strategies and International Trade Malik Sam…

The JVP in Parliament yesterday said that the country had no economic independence as a direct result of the unfeasible large-scal…

The demand for consumer goods had gone down as a result of money circulation decline in the country, Prime Minister Ranil Wickreme…