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U.S DFC  approves US$120M in new Loans to improve Sri Lanka economy  

The Embassy of the United States of America announced today that the U.S. International Development Finance Corporation (DFC) Board of Directors has approved $120 million in new loans to grow and support the Sri Lankan economy.

Govt offers special 40-year tax amnesty for Port City investors

Cash strapped Sri Lanka is to provide  special 40-year tax amnesty for Chinese-built Colombo Port city to attract potential investors as it has so far failed  to attract major foreign direct  investments after the much-hyped since its opening for investors nearly one year ago, a senior treasury official said.

US grants $27 million to strengthen Sri Lanka’s dairy industry

The US Department of Agriculture has given its consent to allocate financial assistance for the implementation of market-oriented milk production project in Sri Lanka. The...

SL import expenditure declined for the second consecutive month in April

Sri Lanka’s expenditure on imports has declined, year-on-year, for the second consecutive month in April as curb measures by the Central Bank kicked in whilst higher exports helped cut the trade deficit

Worker remittances to Sri Lanka gain momentum in May

Worker remittances to Sri Lanka recovered in May from April levels, but still stand significantly below what the country received a year ago, Central Bank sources said.

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Suburban Land Boom Reshapes Sri Lanka’s Property Economy

By:Staff Writer January 27, Colombo (LNW): Sri Lanka’s land market continued...

Colombo Port City Moves from Blueprint to Reality with First Private Capital

By:Staff Writer January 27, Colombo (LNW):  Colombo Port City, Sri...

Fragile Gains and the Cost of Complacency in Sri Lanka’s IMF Path

By:Staff Writer January 27, Colombo (LNW): Sri Lanka’s post-crisis economic...

Opposition Leader Sajith Premadasa Holds Policy Talks with Former Singaporean Foreign Minister George Yeo During Study Visit

Opposition Leader Sajith Premadasa Holds Policy Talks with Former Singaporean Foreign Minister George Yeo During Study Visit
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