SL and Sinopec Finalize $3.7 Billion Refinery Deal in Hambantota
Sri Lanka and China’s leading petroleum firm Sinopec have formalized a landmark agreement for a $3.7 billion oil refinery in Hambantota. The deal.
Investments
Economics
Sri Lanka Signs $3.7 Billion Deal with Sinopec for New Oil Refinery in Hambantota
Sri Lanka has signed a landmark agreement with Sinopec, the Chinese international petroleum corporation, to build a state-of-the-art oil refinery in Hambantota. The.
- January 16, 2025
Economics
Workers’ Remittances Surge 10% to $6.5 Billion in 2024; December Hits $614 Million
Workers’ remittances for 2024 rose by 10%, reaching $6.57 billion compared to the previous year, driven by a strong inflow of $614 million.
- January 15, 2025
Logistics
Port of Colombo Achieves Record Growth in 2024
The Sri Lanka Ports Authority (SLPA) Terminals reached a historic milestone by handling over 2.4 million Twenty-Foot Equivalent Units (TEUs) as of December.
- January 8, 2025
Tourism
Sri Lanka Excels in Tourist Visa Accessibility, Enhancing Global Tourism Appeal
Colombo has strengthened its position as a leading South Asian destination, ranking 33rd globally for “easy to get visa,” thanks to the introduction.
- January 6, 2025
Tourism
Sri Lanka Targets High-End Tourism Market for 2025 with Focus on Quality and Wellness
Tourism Minister Vijitha Herath announced plans to enhance Sri Lanka’s tourism offerings in 2025, aiming to attract high-end travellers. Speaking at the inauguration.
- January 6, 2025
Business
Port City Colombo Breaks Ground for Marina Development, Aiming to Boost Business and Tourism
The Port City Colombo will officially break ground for its Marina development on Friday, marking a milestone in its efforts to enhance business.
- January 6, 2025
Economics
Sri Lanka’s Hambantota Industrial Park Secures $25 Million Mattress Export Investment
Sri Lanka’s Hambantota International Port Group (HIPG) has secured a $25 million investment to establish a mattress manufacturing factory in its China-backed industrial.
- December 20, 2024
Tech
Lion Brewery Launches Sri Lanka’s First Innovation Centre for Craft Brews
Lion Brewery (Ceylon) PLC has unveiled Sri Lanka’s first-ever Innovation Centre dedicated to the research and development of craft and specialty brews aimed.
- December 11, 2024
Economics
Sri Lanka Economic Summit 2024: Driving Transformational Growth Through Sound Policies
The 24th edition of the Sri Lanka Economic Summit (SLES), organized by The Ceylon Chamber of Commerce, is set to take place on.
- November 27, 2024