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By Maya Majueran Sri Lanka is an island nation situated in a strategically important location in the Indian Ocean Region at the center of maritime trade routes in between East and West, as well as in the middle of Africa, the Arab, and Eastern worlds and is surrounded by the Bay of Bengal and the

By Rathindra Kuruwita Despite innumerable warnings from the U.S. and its allies that China is the root of Sri Lanka’s economic woes, and that Chinese infrastructure development projects create security dilemmas for India, Colombo went ahead recently to sign an agreement with a China Merchants Port Holdings (CMPH)-led consortium to build a $392 million South Asia […]

Several Chinese delegations have traveled to Sri Lanka in recent months and Chinese investments could spike, prompting alarmist reporting in the Indian media.

China Merchant Port Holding Company (CMPH), which already has a dominant presence in Sri Lankan harbors, will be setting up a warehousing hub in Colombo port.  

Colombo: The Sri Lankan government has given the sole and exclusive rights to the Chinese state enterprise China Merchants Port Holdings Company for a logistics centre in the Port of Colombo for 50 years, media reports said.

SLT-MOBITEL as the National ICT Solutions Provider is strengthening its commitment to foster Science, Technology, Engineering, and Mathematics (STEM) education, providing accessible and equal opportunities to all, by signing a Memorandum of Understanding (MOU) recently with the STEMUP Educational Foundation. The STEMUP Foundation is a not-for-profit organization with a mission to inspire and engage students […]

Wellawatta Nithyakalyani Jewellery, Sri Lanka’s leading Jewellery Store, recently declared open two drinking water projects at Bambalapitiya Hindu College and Ramanathan Hindu Ladies’ College. These are the latest in the long line of such projects carried out by the company. The projects enhance access to clean water for the students of the two schools. Wellawatta […]

By Sanath Nanayakkare As per the basket of goods and services tracked by the Statistics Department of the Central Bank of Sri Lanka, a downturn in the prices of food has helped inflation to drop over the past few months. But stubborn price increases in the non-food category are still marking an upward trend and […]

CMPort and Sinopec are set to sign an agreement to establish bunkering operations in Sri Lanka, following the countrys opening of its fuel market to multi...

By Hiran H. Senewiratne Sri Lanka Telecom and Lanka Hospitals PLC were attracting investors yesterday as a disclosure was put out stating that the Cabinet of Ministers had approved the divestment of the stake held by the Secretary to the Treasury in SLT, stock market sources said. The divestment is to be implemented by the […]