According to the Minister, the large number of micro enterprises and SMEs in Sri Lanka provide more than 50% of the country’s jobs. Among these enterprises, food processing firms account for more than 40%. The Minister announced the possibility at the Pro Food-Pro Pack Industry Awards in Colombo, as part...
Minor Hotels' Avani Hotels & Resorts brand has teamed up with Groupe Chaabane to debut in North Africa with two new properties in Tunisia. North Africa's first two Avani properties will be Avani Les Berges Du Lac Tunis Suites and Avani Gammarth Tunis Resort & Spa.Scheduled to open in...
(MENAFN - NewsIn.Asia) Colombo, April 9 (newsin.asia): By the end of 2017, Chinese companies had completed more than US$15 billion worth of infrastructure projects in Sri Lanka in the field of transportation, water supply, electricity, ports and other fields, and had made great contributions to the economic and social development...
Blue Ocean Group of Companies Blue Ocean Group of Companies has grown into a versatile conglomerate over the years. The evolution of the group is significant because the Group has achieved growth and profit harmoniously and not by taking part in the aggressive competition in the field. Blue Ocean Group...
It is reported that the production activities of W.M.Mendis Company which belongs to Arjun Aloysius who is allegedly connected to the Central Bank bond scam has been stopped since last week. Accordingly, the production in the Arrack distillery located in Welisara has come to stand still. All temporary workers who had...
The Cabinet of Ministers agreed to enhance the standards of the Grand Oriental Hotel in Colombo through a Public Private Partnership (PPP). Furthermore it was decided to appoint a project committee to evaluate the proposal made by HPL Hotels and Resorts and to proceed with them subject to relevant guidelines...
Minister of Finance and Mass Media Mangala Samaraweera, addressed the World Bank and International Monetary Fund Annual Meeting today (October 16) in Washington D.C., USA. Sri Lanka’s economic progress and its future intentions for further development was Minister Samaraweera’s highlight during the speech. Sri Lanka is still growing below potential, said the Minister...
Reuters reported that a Chinese backed real estate project near Sri Lanka’s main port is in discussion with investors for up to USD 4 billion in investments in its first phase.Work on the USD 1.4 billion Port City project by China Communication Construction Company started in 2016 as part...
Operation summary Sri Lanka was hit by a severe Tropical Cyclone Roanu, that affected 22 districts out 25 districts in the country, destroying homes and submerging entire villages, triggering floods and a series of landslides that affected thousands of lives and livelihoods, and caused widespread property damage. Initial reports indicated...
Sri Lanka Tourism Promotion Bureau has successfully concluded a two-day promotional mission to Saudi Arabia as part of its on-going efforts to develop new markets and increase the number of visitors and spend from the region to Sri Lanka. Headed by Anjantha Ratnayake, assistant director, Sri Lanka Tourism Promotion Bureau,...
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