Economics

WAA Unveils Cutting-Edge Vehicle Assembly Plant in Kuliyapitiya with $27 Million Investment

Western Automobile Assembly Private Limited (WAA) has proudly announced the opening of its advanced SKD assembly plant in Kuliyapitiya. This state-of-the-art facility, representing a significant investment of approximately USD 27 million, is set to revolutionize local vehicle assembly operations. The plant’s first assembled vehicle, a 15-seater passenger van, is expected to roll out by the

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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 wages, and improving welfare measures. The manifesto was officially launched on August 29 at the Taj Samudra Hotel in Colombo, in front of politicians, celebrities, and other distinguished guests. The full manifesto,

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Investing

Bingiriya Investment Zone to Generate $2.6 Billion in Export Income

The completion of the Bingiriya Investment Zone is projected to generate $2.6 billion in export income and create 75,000 job opportunities, stated President Ranil Wickremesinghe during the inauguration ceremony of the second and third phases of the Export Processing Zone in Bingiriya. He emphasized ongoing efforts to establish new investment zones to further bolster the

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