IMF assessment of Lanka warns about impact of drought

IMF assessment of Lanka warns about impact of drought

Colombo, March 8 (www.southasianmonitor.com) Even as it appreciated the Lankan government for strong efforts in implementing IMF-supported economic reforms, the International Monetary Fund (IMF) Tuesday warned that the prolonged drought in Sri Lanka could raise food and oil imports, with adverse impact on growth, inflation as well as balance of payment. The warning came as an IMF team led by...

German Chambers to open office in Colombo soon to strengthen business ties

German Chambers to open office in Colombo soon to strengthen business ties

Colombo, March 8 (NIA) - Sri Lanka on Wednesday said German Chambers would soon open an office in capital Colombo soon to strenghten economic relations between Germany and Sri Lanka. Sri Lanka's Foreign Ministry said that during a recent discussion between Sri Lanka's Ambassador to Germany, Karunatilaka Amunugama, the Chairman of the Chamber of Commerce in Bremen, Harald Emigholz and the Director...

Maldives national airline ‘Maldivian’ to begin flights to Colombo

Maldives national airline ‘Maldivian’ to begin flights to Colombo

Colombo, March 6 (NIA) - Maldives national airline, Maldivian will begin flights to Sri Lanka's capital Colombo in the coming weeks, an official from Sri Lanka's Aviation Ministry said on Monday. The authorization was given following discussions held between Maldives’ Minister of Tourism, Moosa Zameer and Sri Lanka’s Minister of Transport and Civil Aviation Nimal Siripala de Silva. Maldivian operator...

Sri Lankan group hosts ‘Ventures 2017’ to promote small businesses

Sri Lankan group hosts ‘Ventures 2017’ to promote small businesses

Colombo, March 5 (NIA) - In keeping with the government's vision of promoting Small and Medium scale businesses in the island country, a Sri Lankan business group from the minority Bohra community, hosted 'Ventures 2017' in capital Colombo recently. The event displayed a wide range of products including food, garments, electronics, confectioneries, customized jewellery etc which were either commercial made or home made....

New Zealand leads a delegation to Sri Lanka to strenghten business ties

New Zealand leads a delegation to Sri Lanka to strenghten business ties

Colombo, March 5 (NIA) - New Zealand Minister, David Bennett is leading a business delegation of fourteen New Zealand companies to further strengthen business links between New Zealand and Sri Lanka, a statement said here Sunday. New Zealand Trade and Enterprise, with support from The Ceylon Chamber of Commerce, is hosting the New Zealand business delegation from a range of...

Singapore’s Mustafa Center to build US$200mn complex in Sri Lanka

Singapore’s Mustafa Center to build US$200mn complex in Sri Lanka

Colombo, March 3 (NIA) - Singapore's popular Mustafa Centre will go head with a 200 million US dollar mixed development project in Sri Lanka, the Head of BOI, Upul Jayasuriya said here Friday. An EconomyNext report, quoting Jayasuriya said the Mustafa's project in Sri Lanka will have a hotel and apartments as well as a shopping complex. The complex will come up in...

Sri Lankan Airlines A320neo to offer wider cabins, larger seats

Sri Lankan Airlines A320neo to offer wider cabins, larger seats

Colombo, Feb 27 (NIA) - Sri Lanka national carrier, Srilankan Airlines has taken delivery of its first A320neo on lease from Air Lease Corporation (NYSE: AL), making the airline the latest operator of the type. The delivery from Airbus’ facilities in Hamburg is the first of a fleet as six A320 variants are expected to arrive in the next 15 to 18 months....

Sri Lanka, very interesting spot for the maritime industry, says Norway

Sri Lanka, very interesting spot for the maritime industry, says Norway

Colombo, Feb 21 (NIA) - Norway, on Tuesday said it was ready to invest on the Sri Lankan ports as Norway had good knowledge and expertise on the marine industry. Norway's Ambassador to Sri Lanka Thorbjorn Gaustadsaether said Norway could not do huge investment like China or India but it could provide advanced technology in several areas. "We have advanced technology to control the...

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