Sri Lanka’s Softlogic gets franchise for Baskin-Robbins ice cream

Sri Lanka’s Softlogic gets franchise for Baskin-Robbins ice cream

Colombo, May 19 (NIA) - Sri Lanka’s Softlogic Holdings group said it had acquired the franchise for Baskin-Robbins ice cream, which would help expand its retail and fast food restaurants business. Softlogic Restaurants (Private) Ltd., a group subsidiary, had acquired the exclusive master franchise for Baskin-Robbins ice cream and its allied products in a deal with Blue Ginger (private) Ltd., a...

Much awaited Sri Lanka, China FTA to be signed this year

Much awaited Sri Lanka, China FTA to be signed this year

Colombo, May 17 (NIA) - Sri Lanka and China will sign a Free Trade Agreement (FTA) this year as China pledged to increase its investments in the island country. In discussions held between Sri Lankan Prime Minister Ranil Wickremesinghe and Chinese Prime Minister Li Keqiang in Beijing late on Tuesday evening, the Chinese leader also pledged support and cooperation to Sri Lanka to become...

India’s OBOR “debt” propaganda failed at Beijing summit

India’s OBOR “debt” propaganda failed at Beijing summit

By P.K.Balachandran/www.bdnews24.com After India warned developing countries which joined China’s global One Belt One Road or OBOR project that the scheme would cast an unbearable debt burden on their shoulders, China said India’s propaganda had no takers. Commenting on the Indian statement, the official Chinese newspaper, Global Times, said that even if India joins the OBOR, it will only be...

Sri Lanka wants FTA with Singapore finalized before July

Sri Lanka wants FTA with Singapore finalized before July

Colombo, May 9 - Sri Lanka wants the scheduled free trade agreement with Singapore to be finalized before July this year, the BOI said quoting International Trade Minister Malik Samarawickrama. The Board of Investment said another FTA with China is expected by the end of this year. “Minister spoke of the Government’s interest to develop FTZs and of formulating a...

Unlimited number of Sri Lankan flights can now operate from six Indian airports

SriLankan Airlines posts Rs. 6.5bn loss for 2016/17

Colombo, May 5 - State-run SriLankan Airlines has released data of some of the losses it made during 2016 saying 6.49 billion rupees before interest costs and one-off charges, up from 2.9 billion rupees a year earlier, despite falling oil prices. It is not clear why full losses had not been released and why loss after finance charges was not...

Sri Lanka confident of GSP plus ahead of crucial vote on Thursday

Sri Lanka’s business community calls on govt to look beyond GSP plus

Colombo, May 3 (NIA) - Sri Lanka's largest business community, the Ceylon Chamber of Commerce (CCC) on Wednesday called upon the government to address labour shortages and fast-track approvals and certifications to support sectors capable of expanding their exports to the EU. Following the recent EU parliament's decision to vote in favour of granting Sri Lanka the GSP plus scheme, the Ceylon Chamber of Commerce...

Sri Lankan unions agitate to press Wickremesinghe to take up oil tanks retrieval with Modi.

India to build 50MW solar power plant in Sri Lanka

Colombo, May 2 - India will be allowed to build a 50 MegWatt solar power plant in the Eastern Trincomalee district in Sri Lanka where plans for a 500MW coal plant was scrapped by the island's current administration. Under a memorandum signed during a visit of Prime Minister Ranil Wickramasinghe to India, Sri Lanka is expected to issue a letter of...

India and Sri Lanka arrive at a compromise on Trincomalee oil tanks

India and Sri Lanka arrive at a compromise on Trincomalee oil tanks

By P.K.Balachandran Colombo, April 29 (newsin.asia): India and Sri Lanka have arrived at a compromise on the sensitive and problematic issue of the Trincomalee oil tanks, with both sides climbing down from their earlier positions but gaining some ground at the same time. As per the Memorandum of Understanding (MoU) on Cooperation of Economic Projects signed in New Delhi on...

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