Adani’s Exit from Sri Lanka’s Wind Power Project: A Major Economic and Environmental Setback
India’s Adani Green Energy has announced its withdrawal from the proposed 484 MW wind power project in Mannar and Pooneryn, which included a.
Energy
Investments
Sri Lanka and UAE Sign Investment Protection Pact to Strengthen Economic Ties
Sri Lanka and the United Arab Emirates (UAE) have signed a Reciprocal Promotion and Protection of Investments Agreement, reinforcing their commitment to enhancing.
- February 14, 2025
Economics
President to Fast-Track Investment Approvals to Boost Economic Growth
President Anura Kumara Dissanayake has pledged to accelerate the approval process for new investments by streamlining bureaucratic procedures, aiming to drive higher economic.
- January 30, 2025
Economics
Doing Business Ecosystem Gaining Momentum, Positive Country Image to Boost FDI
Finance and Planning Deputy Minister Dr. Harshana Suriyapperuma recently visited the Board of Investment (BOI) and held the first meeting with its senior.
- December 17, 2024
Tech
Colombo Port City to Become South Asia’s Leading Hub for IT and BPO Firms
The Sri Lankan government is setting the stage for Colombo Port City to become a global hub for IT and Business Process Outsourcing.
- October 29, 2024
Economics
Sri Lanka-Canada Business Council Prepares for Mission to Strengthen Trade Ties
The Sri Lanka-Canada Business Council (SLCBC) held a crucial briefing with Prime Minister Dr. Harini Amarasuriya on October 10, 2024, in Colombo, as.
- October 11, 2024
International Economic Developments
Korean Ambassador Pledges New Investments and Strengthened Ties with Sri Lanka
The Ambassador of the Republic of Korea, Miyon Lee, paid a courtesy visit to President Anura Kumara Dissanayake at the Presidential Secretariat on.
- October 10, 2024
Economics
Parliament Approves Offshore Banking Regulations at Port City Colombo
Port City Colombo announced that Parliament officially passed two key offshore banking regulations, Offshore Banking and Offshore Banking – Prudent Management and Confidence,.
- September 12, 2024
Business
Port City Colombo Onboards 100+ Companies as Authorised Persons, Boosting Sri Lanka’s FDI Prospects
Port City Colombo has reached a key milestone, successfully onboarding over 100 companies as Authorised Persons (APs) by 24 August 2024. These companies.
- August 29, 2024
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.
- August 9, 2024