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Keonn to put up 121 Residencies with an investment of $ 4.9 million in BOI deal

Keonn Investments Ltd., has recently entered into an agreement with the Board of Investment of Sri Lanka for its new business venture 121 Residencies with an investment of $ 4.9 million for a high-quality designed apartment complex in Colombo.

CEB enhances power generation capacity with acquiring Sojitz Kelanitissa plant

The Ceylon Electricity Board (CEB) has successfully acquired the 163 MW Combined Cycle Power Plant which was operated by Sojitz Kelanitissa (Pvt) Limited on 28th March 2023.

SL Cricket gets major boost following Sony media rights renewal

Sony Pictures Networks India (SPN) has renewed its exclusive global media rights to broadcast Sri Lanka Cricket matches for the next four years until March 2027.

United States supports Sri Lanka’s efforts to go for green economy

The United States is supporting Sri Lanka’s economic recovery especially in green energy, the US Ambassador to Sri Lanka, Julie Chung said.

WB says timely, credible structural reforms vital for Sri Lanka

Sri Lanka’s heightened fiscal, external, and financial sector imbalances and its fluid political situation pose significant uncertainty for the country’s economic outlook, says the World Bank in its twice-a-year update.

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President Orders Faster Development of Katunayake Airport and Domestic Airports

President Anura Kumara Dissanayake has directed officials to accelerate ongoing projects to increase passenger-handling capacity and improve facilities at Katunayake International Airport, while also advancing the development of domestic airports across the country to meet future aviation demands. The directive was issued during a discussion on the 2027 Budget proposals for the Ministry of Ports and Civil Aviation held at the Presidential Secretariat. During the meeting, the President reviewed the progress of development projects at Katunayake Airport and stressed the importance of completing them without delay. He also highlighted the need to expand supporting infrastructure, including road networks surrounding the airport, to improve accessibility and accommodate growing passenger traffic. Improving convenience and facilities for air travellers at both Katunayake International Airport and regional airports was another key focus of the discussion. The meeting was attended by Minister of Ports and Civil Aviation and Minister of Energy Anura Karunathilaka, Minister of Labour and Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando, and Deputy Minister of Ports and Civil Aviation Janith Ruwan Kodituwakku. Other participants included Chief of Staff to the President Prabath Chandrakeerthi, Senior Additional Secretary to the President and Secretary to the Ministry of Energy Russell Aponso, Secretary to the Ministry of Finance, Planning and Economic Development Dr. Harshana Suriyapperuma, and Secretary to the Ministry of Ports and Civil Aviation W. W. S. Mangala. Deputy Secretary to the Treasury A. K. Seneviratne, Director General of the Department of National Budget Jude Nilukshan, and other officials from the relevant institutions and the Ministry of Finance also attended the discussion.
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