Fizel Jabir

Export earnings top record USD 13 Bn in 2022

Although exporters went through hardships during the last few years, facing many challenges internally and in overseas markets they have demonstrated much resilience and Sri Lanka export earnings in...

Provide stabilized policies to govern industry and strategy to attract foreign remittance - CNCI Chief

Good stabilized policies to govern the industry and a proper strategy to attract foreign remittance is crucial to overcome the current difficulties and bring the economy back...
Hayleys to invest over Rs 1Bn in infrastructure, machinery, other crops and solar energy

Hayleys plans to invest over Rs one billion in infrastructure upgrading plant and machinery, transport fleet and diversifying into other crops and solar energy, Hayleys...
Plantation industry will boom with innovation and new technology

Introducing factory modernization, mechanization of harvesting, bringing in drone technology, introducing artificial intelligence and moving into a new wage model will take...
Lankan contractors seeking foreign opportunities - CCISL President Architect Jayantha Perera

The Chamber of Construction Industry of Sri Lanka (CCISL) has presented a 15 point document to the Government which proposes to establish a Task Force to address the...

Nestlé invests Rs. 1 Bn in biomass boiler project

Sri Lankan agricultural sector has started performing well and coconut production has come to the highest level ever recorded last year producing 3.2 billion nuts in Sri Lanka despite the fertilizer...
Bangladesh at advanced stage of negotiations for PTA with Sri Lanka - Minister Momen

Countries in South Asia had implemented trade liberalization within the framework of SAFTA but on a limited scale.Bangladesh is in the process of concluding Preferential Trade Agreement/Free Trade...
Global twins festival to be held in Sri Lanka

The Sri Lanka Twins Organizations will conduct an annual global twins festival which will include a global twins cultural festival, global twins pageant and global most handsome twins, global twins...
Future of Sri Lanka is fisheries and tourism

The Government must pay more attention to the fisheries sector and provide fishermen with new boats and sea water cooling systems under a concessionary scheme to improve the catch and introduce a...
Policy decision to settle Rs. 175 Bn outstanding to constructors

The government has taken a policy decision to settle the outstanding payments due to the construction industry from the capital allocations of 2023 which is approximately Rs 350 billion Eng. Nissanka...
“Sri Lanka occupies a central place as India’s closest friend and maritime neighbour”

As we celebrate the 74th Republic Day of India this is just not a celebration of the Republic Day, it is not just the celebration of the largest democracy but a celebration of the Mother of Democracy...
Monetary Board to maintain lending rates at current level

Early signs of a gradual easing of excessive market interest rates have been observed recently in response to the administrative measures adopted by the Central Bank, along with the improvements in...
“Creditors in the process of issuing financial assurances to IMF”

India has given finance assurances which is acceptable to the IMF and other bilateral creditors, China the Paris Club and some small bilateral creditors are in the process of issuing financial...
Operations at Oluvil Harbour to re-commence

Operation will commence shortly in the the now defunct Oluvil Harbour with over Rs 20 million spent to refurbish the cold storage and factory in the harbour, Shiran Fernando, President Canned Fish...
Allow vehicle imports on quota basis to revive industry - CMTA

The import ban imposed in March 2020 on motor vehicles continued for the 34th month and to revive the industry the Government must focus on allowing vehicle imports at least on a quota basis, after...
INCO 2023 sparks many opportunities for investment and industry revival

INCO 2023, the leading Engineering Technology and Industry related exhibition and trade fair which was held at the BMICH presented a unique opportunity to local and foreign investors, to identify...
“Sri Lanka has large talent pool that can jump start economy”

Sri Lanka has a large talent pool that can be harnessed to take advantage of the open economy, online remote work available across the globe, with help of expanding educational resources available...
“All-time high of Rs. 50 Bn foreign investment for 2022”

Last year was quite challenging for all industries and economy in general with Sri Lanka going through its worst economic crisis post-independence. However, through the crisis the CSE performed...
Ethics, critical component in new listing rules – SEC Chief

The Securities and Exchange Commission (SEC) and the Colombo Stock Exchange (CSE) are in the process of developing the existing listing rules to align with the new law and ethics would be the...
Sri Lanka, Thailand to resume FTA negotiations in Jan. 2023

Minister of Transport, Highways and Mass Media Dr Bandula Gunawardena, Minister of Justice, Prisons Affairs and Constitutional Reforms Dr. Wijedasa Rajapakshe with Poj...