ECONOMYNEXT - The International Monetary Fund has welcomed a less restrictive exchange controls in Sri Lanka which replaced a draconian law brought in 1953, soon after a money printing central bank was set up, generating foreign exchange problems, currency depreciation and high inflation. Following 2017 annual Article IV consultations, a report said IMF staff "welcomed the … [Read more...] about Sri Lanka’s new forex law gets IMF thumbs up
H’tota Port rides high on investment tides
15 offers on the table with estimated investment of $ 100 m CM Port expected to invest another $ 300-$ 600 m over the next three years Transhipment vehicles handled by Hambantota double in Q1 By Chathuri Dissanayake As China Merchant Port Holdings Ltd. (CM Port) completes the final tranche of payment for the Hambantota Port joint venture, the public-private partnership … [Read more...] about H’tota Port rides high on investment tides
Sri Lanka reiterates continued commitment to the conservation of marine resources
* Sri Lanka reiterates continued commitment to the conservation of marine resources Thu, Jun 21, 2018, 11:20 pm SL Time, ColomboPage News Desk, Sri Lanka. June 21, Colombo: Sri Lanka's Minister of Finance and Mass Media Mangala Samaraweera today reiterated the Sri Lankan government's continued commitment to the conservation of marine resources and sustainable industries … [Read more...] about Sri Lanka reiterates continued commitment to the conservation of marine resources
Malaysians mull solar panel, BPO investments in Sri Lanka
ECONOMYNEXT – A visiting delegation of Malaysian business executives have show interest in investing in several projects in Sri Lanka, including solar panel making and business process outsourcing (BPO).The Board of Investment of Sri Lanka said the Malaysian business delegation was headed by Dato Kulasegaram Sabaratnam, Chairman of the Malaysia Sri Lanka Business Chamber.“This … [Read more...] about Malaysians mull solar panel, BPO investments in Sri Lanka
CM Port pays final tranche of H’tota port deal – Daily Mirror
From left: SLPA Executive Director A.S. Wickramasinghe, CICT Legal Counsel Mohan Wijesinghe, CICT CEO Jack Huang, HIPG COO Tissa Wickramasinghe, China Merchant Group Sri Lanka Chief Representative Ray Ren, SLPA Chairman Dr. Parakrama Dissanayake, SLPA Additional Managing Director A.D.T. Gunasekara, SLPA Director Finance Shirani Wanniarachchi and Shipping and Ports Minister … [Read more...] about CM Port pays final tranche of H’tota port deal – Daily Mirror
