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India is poised to secure another strategic investment in Sri Lanka with plans by its public sector company under the Indian Defence Ministry, ‘Mazagaon Dock Shipbuilders (MDL)’ for acquiring a majority stake in Colombo Dockyard PLC (CDPLC).
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The Sri Lanka Bureau of Foreign Employment (SLBFE) is taking steps to activate job opportunities for seasonal employment in South Korea under the E-8 visa category, Chairman Kosala Wickramasinghe said.
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India is poised to secure another strategic investment in Sri Lanka with plans by its public sector company under the Indian Defence Ministry, ’Mazagaon Dock Shipbuilders (MDL)’ for acquiring a majority stake in Colombo Dockyard PLC (CDPLC).
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The government would roll out a Rs.6.5 billion concessional loan scheme from today to support the small and medium-scale (SME) paddy millers and cooperative societies in purchasing paddy during the upcoming Yala season, the Development Finance Department said.
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In a rare detection, the Department of Immigration and Emigration (DIE) officials at the airport yesterday arrested a Mullaitivu resident bound for Mumbai and uncovered a sophisticated scam of exchanging their boarding passes to go to the UK and allegedly to claim asylum afterwards.
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The Multisectoral Strategic Action Plan on Injury Prevention and Management, a mechanism introduced in 2021 to minimise accidents, is yet to see tangible progress despite scores of lives being lost, a specialist said.
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Officials from India will extend their Washington visit to try to reach agreement on a trade deal with U.S. President Donald Trump’s administration and address lingering concerns on both sides, two Indian government sources said on Monday.
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Opposition Leader Sajith Premadasa has called on the government to urgently introduce sustainable solutions to support micro, small, and medium-scale entrepreneurs, warning that many in the sector are in distress and confusion.
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Sri Lanka is the only country in the Asia region currently engaged in discussions with U.S. officials to renegotiate tariffs imposed under former U.S. President Donald Trump’s administration, Deputy Minister of Economic Development Prof. Anil Jayantha Fernando told Parliament today (30).
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The Mulleriyawa Police informed Colombo Additional Magistrate Kasun Kanchana Dissanayake today that an investigation has been launched into individuals suspected of misusing the ’’Million for Ishaq’’ fundraising campaign initiated to support ailing veteran artist Ishaq Baig to fraudulently collect money from foreign nationals.
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The Colombo Stock Exchange (CSE) closed the month on a historic high, with the All Share Price Index (ASPI) surpassing the 18,000 mark for the first time. This achievement reflects a continued wave of investor optimism and strong market momentum, supported by active participation across multiple sectors.
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Minister of Industry and Entrepreneurship Development, Sunil Handunneththi told Parliament today that his recent speech at the World Economic Forum in China had been misrepresented by some individuals to suit their personal agendas.
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The Department of Inland Revenue filed legal action before Colombo Additional Magistrate Pavithra Sanjeewani Pathirana against Arjun Aloysius, Anthony Randev and Jinendra John, directors of Mendis Company, over allegations of evading the payment of Value Added Tax (VAT) amounting to over Rs. 1 billion due to the government.
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Strengthening tourism ties between the two nations, Tourism Malaysia and SriLankan Airlines have embarked on a joint promotion drive aimed at increasing leisure travel between Sri Lanka and Malaysia, with both countries eager to showcase their diverse attractions to each other’s travellers.