News

News

Colombo Lotus Tower
The Lotus Tower (Colombo Lotus Tower) is a tower under construction with a height of 350 meters, located in Colombo, Sri Lanka. When completed, the tower will be the tallest building in South Asia. The lotus-shaped tower will be used for comm...

The Colombo Financial City
Colombo Financial City is an offshore city project in Colombo, Sri Lanka, which involves the reclamation of 269 hectares of land from the sea. The city will use construction resources from the Colombo Harbour Expansion Project, currently under constr...

London Stock Exchange Group entered into an agreement with Sri Lanka’s Board of Investment (BOI)
The BOI of Sri Lankasigned an agreement with London Stock Exchange Group (LSEG) to set up their global business services arm in Sri Lanka. The LSEG is a leading developer of high performance trading platforms and capital markets software for ...

Index of Industrial Production (IIP) shows a 4.8 percent growth in the Manufacturing Sector
In 2016, the Department of Census and Statistics of Sri Lankaintroduced the Index of Industrial Production (IIP), which aims to give a quantitative understanding of production activity level, and forecast its trend more accurately. Based on t...

Government introduced maximum retail prices for 17 essential commodities.
The government introduced a new set of price controls on 17 commodity goods that are considered as “essential items”, as an attempt to ease public concerns on the rising cost of living and to mitigate political fallout of the VAT (Value Added Tax...

European Union lifted fisheries export ban with effective from 17th June 2016
The European Union (EU) has completely removed the ban imposed on fisheries exports from Sri Lanka with effective from 17th June 2016. This ban was imposed to Sri Lanka in October 2014 due to the violation of international fishing law by loca...

The Batticaloa Airport
On 10 July 2016, H.E. President Maithripala Sirisena opened the renovated Batticaloa domestic airport and runway in the Eastern province.Though the renovation process of extending the runaway length from 1070m to 1560m was initially started in Decemb...

Sri Lanka is among Asia’s top 10 Foreign Direct Investment hotspot
Sri Lanka is among Asia’s top 10 Foreign Direct Investment hotspot ...

The Magampura Mahinda Rajapaksa Port Project
The Magampura Mahinda Rajapaksa Port (also known as the Port of Hambantota) is a maritime port in Hambantota, Sri Lanka. ...

Construction work on Matara-Hambantota segment of Sri Lanka’s Southern Expressway commenced
The construction work on the extension of the Southern Expressway from Matara to Hambantota commenced on the 04th of July 2015.  ...


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