Japan, Sri Lanka exploring port infrastructure deals to counter reliance on China

Japan ready to loan funds to Sri Lanka for development

Aug 31 (NIA) - The Sri Lankan cabinet, on Wednesday, granted approval to enter into a loan agreement with Japan in order to use the funds for Sri Lanka's development process. Media Minister Gayantha Karunathilleke told reporters in the capital that the Japan International Cooperation Agency (JICA) had agreed to provide funds for the development process of the Sri Lankan...

Chinese airline discusses proposal to land in Mattala – arguably the world’s Emptiest Airport

Chinese airline discusses proposal to land in Mattala – arguably the world’s Emptiest Airport

Aug 30 (NIA) - A Chinese airline has expressed interest in landing its flight at the Mattala Rajapakse International Airport, in southern Sri Lanka, as a transit point between China and Maldives, a Sri Lankan minister told NIA. The Mattala Rajapakse International Airport, arguably the world's emptiest airports - is a white elephant project built by the Mahinda Rajapakse government using...

Sri Lanka’s private sector says red tape deterring investments 

Sri Lanka’s private sector says red tape deterring investments

Aug 25 (NIA) - Approvals for new projects in Sri Lanka are still too slow with red tape and official lethargy deterring investments, the EconomyNext, quoting a hospitality forum said here on Thursday. Officials from the private sector tourism industry told a two day Indian Ocean Hospitality Investment Conference in Colombo that although the new Sri Lankan government was acutely aware...

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...

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