Sri Lanka’s spending on national security has decreased in 2012 compared to year 2011, as the recruitment and also procurement of arms to the three forces have normalized after the end of the conflict and dawn of peace.
According to the Finance Ministry, the government has spent only 2.7-pct of GDP in 2012 on Defense spending [...]
June 11, 2013 10:46 AM | Posted in
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Sri Lanka Economic Summit which is due to be held in July has allocated a session to discuss the strategies local corporate firms should adopt to enhance competitiveness through higher productivity.
According to the Ceylon Chamber of Commerce, the discussion on the said topic will be conducted during the 3rd session of the upcoming summit, which [...]
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By: Prasanna C. Rodrigo
Sri Lanka has extended the period for submitting bids to explore and produce oil and gas in the Island’s Cauvery and Mannar Basin.
Accordingly, the latest deadline falls on November 30, 2013, a two month extension from the originally set date.
The country is planning to offer more than a dozen of potential oil [...]
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Kerala’s ayurvedic industry believes that its counterparts in Sri Lanka are becoming a major threat to its dominance in the industry, a media report said.
“Sri Lanka has slowly come up as a threat to our market,” Sanjeev Kurup V., Secretary of the influential Kerala Travel Mart Society who also runs the Paithrukam Hospitality Group has [...]
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Sri Lanka has commenced work towards developing the remaining 14km section of the centuries old Dutch Canal, which will be transformed into a tourist attraction.
Accordingly, the 14km section of the Canal running from Negombo Lagoon to Kelani Ganga Estuary is now being developed by the Sri Lanka Land Reclamation and Development Corporation for rehabilitation.
The institution [...]
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World Trade Organization has expressed its willingness to give more trade capacity and technical assistance to Sri Lanka, announced the country’s Ministry of Industry and Commerce.
In a statement issued the Ministry says, this fact has been conveyed by the WTO’s Director General Pascal Lamy to Nimal Karunatilake, the Island’s newly appointed ambassador to the global [...]
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By: Prasanna C. Rodrigo
Sri Lankan Women’s Cricket team is the surprise package of the ongoing women’s world cup in India, as they defeated defending champions England and the hosts convincingly to enter the ‘Super Six’ stage of the tournament.
Even though we lost to New Zealand in the first game of the “Super Six’ stage, [...]
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The newly appointed Chairman of the Board of Investment Dr. Lakshman Jayaweera invites foreign investors who are looking to establish R&D facilities to tap into the sizable pool of qualified scientists and researchers in Sri Lanka.
Jayaweera says, if done, it would be a win win situation for both the investors and Sri Lanka.
The BOI Chairman [...]
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Written By: Dhanushka
Saturday 19th January 2013 started out like any other day except for the fact that we arrived in Kalpitiya just in time to catch the gorgeous sunrise over the Indian Ocean. Our boatman and his family warmly greeted us and we set out in his 7 seater boat with happy expectations of [...]
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Sri Lankan President Mahinda Rajapaksa has appointed 10 ministers, 6 Deputy Ministers and 2 project ministers, in the latest cabinet reshuffle of the government, which took place this morning.
Five of the UPFA parliamentarians, who held deputy ministerial positions, have also been elevated to ministerial position, the Government Information Department said.
Apart from continuing with the existing [...]
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