With the upgrading of the Colombo port as the best port in South Asia and 24th best in the world by UNCTAD, Sri Lankan Government is set to invite Japan once more to acquire the East Container Terminal (ECT) ignoring the mounting public protests, Sri Lanka Port Development Authority top official said.
World Bank Vice President for South Asia Martin Raiser this week underscored the need for urgent action to reverse the deep crisis through long overdue reforms.
Alliance Air, the wholly-owned subsidiary of Air India has chalked out aggressive expansion plans which include launch of flights to newer destinations, a top official has said.
Sri Lanka is about to miss the Central Bank Governor’s December and January dead line of receiving IMF executive board‘s approval for the island nation’s extended fund facility (EFF) , informed sources said.