Sri Lanka invites US businesses to invest

Sri Lanka invites US businesses to invest

Aug 18 (NIA) - Sri Lanka has invited American businesses to invest in the island nation, in a move seen as expanding engagement with the US on multiple areas of cooperation, a Foreign Ministry statement said here on Thursday. Deputy Foreign Minister, Harsha De Silva, who held bilateral discussions with US officials, briefed them on the recent developments in Sri Lanka with...

Sri Lanka calls for bids to mint nearly a billion coins

Sri Lanka calls for bids to mint nearly a billion coins

Aug 12 - Sri Lanka has called for bids to mint nearly one billion coins including 10 rupee coins amid a severe shortage of 10 rupee notes and some availability of the 10 rupee coins, the EconomyNext said in a report said here on Friday. Sri Lanka's Central Bank called bids from mints for 190 million one rupee coins, 175 million 2...

Sri Lankan PM to announce five-year economic plan in a few weeks

Sri Lankan PM to announce five-year economic plan in a few weeks

Colombo, August 2 (NIA): The Sri Lankan Prime Minister, Ranil Wickremesinghe, will be announcing a Five Year Plan for the country in the next few weeks, the Sri Lankan Central Bank Governor, Dr. Indrajit Coomaraswamy, told the Sri Lanka Economic Summit 2016 here on Tuesday. The Five Year Plan is expected to give the government, the private sector, and foreign...

Japan agrees to finance LRT for Colombo

Japan agrees to finance LRT for Colombo

July 30 - Japan has agreed to provide concessional funding to build a Light Rail Transit (LRT) system in Sri Lanka’s proposed Megapolis plan, with the initial section to be elevated and the rest at ground level, the EconomyNext reported. The two governments have agreed to expedite the detailed technical feasibility in order to initiate the physical implementation of the...

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