The surge in land prices in Colombo slowed down marginally in 2017 after recording sustained growth for over one and a half years, according to the Central Bank’s Land Price Index (LPI). The index, compiled for the latter half of 2017, grew by 10.4 percent year-on-year (YoY) by the end...
The government of Sri Lanka plans to obtain financial assistance from world lenders to strengthen the state institutions dealing with state fiscal management. The World Bank and the European Union have agreed to provide a loan of US 60 million and a grant of US$10 million respectively for capacity building...
COLOMBO: Towards the end of 2019, automobile loving Sri Lankans will see something they have been longing to see – a locally manufactured “Sri Lankan” car vying for road space with international brands. Sri Lanka’s Ideal Motors has teamed up with India’s automobile behemoth the US$ 19 billion Mahindra and...
The government also targets other maritime industry related services and plans to promote greater volumes of containers to be transshipped via terminals in Sri Lanka where public money has been used to develop such ports. ( November 10, 2017, Colombo, Sri Lanka Guardian) The government’s Vision 2025 has made a key policy...
US President Donald Trump has instructed officials to consider a further $100bn (£71.3bn) of tariffs against China, in an escalation of a tense trade stand-off. These would be in addition to the $50bn worth of US tariffs already proposed on hundreds of Chinese imports. The proposal comes after China retaliated to...
The All Ceylon Private Bus Association (ACPBA) said yesterday they would request the government to use kerosene as fuel for buses instead of diesel. ACPBA Secretary Anjana Priyanjith told Daily Mirror that about 30 per cent of private buses in the country were now using kerosene. “Using kerosene as a fuel...
Finance and Mass Media Minister Mangala Samaraweera yesterday cleared any doubts on the newly imposed Debt Repayment Levy. He reiterated that the said levy must be borne by the banks and could not be passed on to the consumer. While recapping on his budgetary proposals for 2018, Minister Samaraweera termed the...
National Carrier, SriLankan Airlines has incurred a loss of $ 100 million during the financial year ended in 31st of March 2018. This was disclosed during a media conference convened by the newly appointed Director Board in Colombo today (Apr. 05). Here, Chairman Ranjith Fernando said that the Director Board has...
Perched on a skinny spit of land between the Indian Ocean and the lush jungles of Sri Lanka’s Yala National Park is a prime example of an entirely new generation of luxury tented camps. Opened early this month, Wild Coast Tented Lodge eschews traditional breezy, safari-style accommodations, instead featuring...
(PRESS RELEASE)  The PropertyGuru Asia Property Awards (Sri Lanka), the premier industry awards ceremony that will be held for the first time in Colombo in 2018, welcomes the support and sponsorship of JLL Sri Lanka, the country’s leading professional real estate services firm. Following the unprecedented success and overwhelming positive reception from...
- Advertisement -

Get in touch

1,909FansLike
22FollowersFollow
97FollowersFollow
97FollowersFollow
20SubscribersSubscribe

Recent Posts

Most Popular

After declaring a state of emergency, Sri Lanka has banned Facebook, Instagram, and WhatsApp...

Rosie Perper, provided by Published 11:31 pm, Wednesday, March 7, 2018 The Sri Lankan government has banned the use of Facebook, Instagram, and...

South Korea: HWPL Constructing Collaborative Governance for Peacebuilding

3rd Annual Commemoration of the World Alliance of Religions’ Peace (WARP) Summit Discussed on the Practical Approaches to Peace-Building Based on the Declaration of...

Hack on Taiwanese bank: Sri Lankan suspect arrested, another in hiding – Newsfirst

The Far Eastern International Bank in Taiwan revealed that it was hacked on Friday (October 6). The Bank said that its computer system had...

South Korea: Over 200,000 gathered to raise one voice for Global Peace

A Global Peace Festival with 200,000 People was Held in the Republic of Korea A culture of peace was envisioned at a Peace Festival at...

Sri Lanka to lead Commonwealth Center for Digital Health

COLOMBO (News 1st) – Today (April 20), is the last day of the 25th Commonwealth Heads of Government Meeting (CHOGM). The Commonwealth Center for...