Politics

Sri Lanka President Launches Manifesto Pledging Economic Development, Job Creation, and Tax Cuts

Sri Lankan President Ranil Wickremesinghe has unveiled his 2024 election manifesto, focusing on economic development, reducing the cost of living, creating jobs, raising.

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Business

Hambantota International Port Projects 50% Growth by Year-End

The Hambantota International Port (HIP) has achieved significant milestones in 2024, with a 40 percent increase in volumes to date. The port’s Commercial.

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Investing

Sri Lanka to Develop $1.5 Billion Logistics Hub in Trincomalee

Sri Lanka is set to establish a major logistics hub in Trincomalee’s Kappalthurai, targeting heavy industries and aiming to attract up to $1.5.

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Finance

Sri Lankan Banks and Bank of China Explore Offshore Banking Opportunities in Colombo Port City

Nine Sri Lankan banks, along with the Bank of China, have shown interest in establishing branches within the Colombo Port City, according to.

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Politics

Sri Lanka Achieves $8 Billion in Export Revenue and Secures $800 Million in Investments in First Half of 2024

Sri Lanka has made significant strides in its economic development, securing $8 billion in export revenue during the first half of 2024. In.

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Economics

Sri Lanka Urged to Boost Annual USD 12 Billion Export Volume

At a recent Business Dialogue event hosted by the Advocata Institute at Queens Hotel Kandy, Prof. Sirimal Abeyratne emphasized the need for Sri.

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Investing

Sri Lanka Secures $800 Million in FDIs in Q1 2024

Sri Lanka has secured Foreign Direct Investment (FDI) agreements totaling $800 million for 35 projects in the first quarter of 2024, according to.

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Economics

Sri Lanka Targets 20% GDP Contribution from Manufacturing by 2030

The Industry Ministry has set ambitious goals to increase the manufacturing sector’s contribution to Sri Lanka’s GDP from 16% to 20% by 2030..

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Business

Sri Lanka Launches Institute of Industry Professionals to Tackle Sector Challenges

The Industry Development Board (IDB) has inaugurated the Sri Lanka Institute of Industry Professionals (SLIIP), aimed at providing an active platform to address.

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Business

300 Businesses Eye Sri Lanka’s Dollarized Port City SEZ

Approximately 300 businesses have expressed interest in establishing operations within Sri Lanka’s Colombo Port City Special Economic Zone, with around 50 applications currently.

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