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By Ifham Nizam President Gotabaya Rajapaksa has decided not to give priority to the construction of new diesel and coal power plants in the country. The President had made that clear to the Cabinet, said Environment Minister Mahinda Amaraweera. He said the President had pledged to support the programme implemented by international organizations to protect […]
With the Asian destination finally off the red list, now is a great time to visit. Here's a trip for every corner of this alluring island
The project will support weather forecasting, warning, and flood resilience in the Kelani river basin The Government of Sri Lanka and the World Bank signed a $92 million financing agreement for the Climate Resilience Multi-Phased Program Phase I Project. This project is expected to benefit around 11.2 million people across the country by modernizing the weather,...
Profits at Kelani Tyres Plc, a Sri Lanka based tyre maker which has a joint venture with India’s CEAT s rose 114 percent to 194 million rupees in the June 2021 quarter from a year earlier, interim account showed.
Friday July 23, 2021 8:41 am Friday July 23, 2021 8:41 am ECONOMYNEXT – Some Sri Lanka firms could be hit while firms in essential goods may be less affected and import substitution firms could benefit if import controls are tightened on weak external finances, Fitch, a rating agency said. “…Sri Lanka sovereign’s weak external finances will affect corporates importing non-essential finished goods such as consumer durables more than corporates importing essential finished goods such as pharmaceuticals, food or clothing,” Fitch said. “At the same time, we believe restrictions are ...