Development News

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…

Sri Lanka’s government signed a loan agreement for obtaining financial assistance of US 50 million dollars from OPEC fund for In…

Questions about competence of the company and large presence of Chinese workers. India has raised concern at the highest levels of…

The Port of Colombo recorded a 16.2% growth in container handling for the 1st quarter of 2018 over the same quarter last year, acc…

The World Bank (WB) last month withdrew US$ 200 million in funds, which were earmarked for a garbage disposal project and Kelani R…

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The Office for National Unity and Reconciliation (ONUR) in partnership with the Department of Agrarian Development is planning to …

Department of Census and Statistics releases official GDP data for 2017 Economy grew by 3.1%; agriculture down by 0.8%; indus…

The recent protest over the Rs 18 billion Rajanganaya Tank Pipe Borne Drinking Water project to Tambuttegama in the 'Raja Rata' dr…

Moragahakanda reservoir will transfer the much needed water for agriculture and drinking water purposes to the dry zone areas of t…

Under guise of religious annual feast CA issues notice on Wildlife Conservation Department The Court of Appeal yesterday is…

We complete seventy years of independence next week and enter the 71st year after regaining independence. The country has progress…

Political pressure blocks tender award. The Tender Procedure for the construction of a 300MW Liquid Natural Gas (LNG) Power Plant,…

Central Bank Governor believes China offers unparalleled  opportunities for SL Says pending FTA, Belt and Road Initiative…