Sri Lanka, Japan to link FTA this year

Apr 19, Colombo: Sri Lanka and Japan plan to formulate and sign a Free Trade Agreement between the two countries to enhance bilateral trade. The Sri Lanka-Japan Business Co-operation Committee says that they are preparing for possible a FTA between Fri Lanka and Japan in 2015. The fact was revealed at a meeting held in Colombo by the Sri Lanka-Japan …

Sri Lanka, Bhutan leaders discuss enhancing bilateral cooperation, establishing air links

Apr 10, Colombo: Leaders of Sri Lanka and Bhutan today discussed enhancing bilateral relations between the two countries, especially in education and agriculture sectors and establishing direct air links. Sri Lankan President Maithripala Sirisena and the visiting Bhutanese Prime Minister Tshering Tobgay agreed to establish air links between Paro and Colombo by Druk Air, the Bhutanese national carrier when they …

War of words between Chinese firm and Sri Lanka escalates over Colombo Port City

The war of words over the stalled Colombo Port City project escalated yesterday as China Communications Construction Company (CCCC) called the Sri Lankan government’s recent statement on the matter “factually incorrect”. Finance Minister Ravi Karunanayake had told the South China Morning Poston Friday that CCCC had failed to furnish the necessary documents within the two-week deadline set for it by …

Sri Lanka launches ten-year energy sector plan for knowledge-based economy

Mar 31, Colombo: Sri Lankan Prime Minister Ranil Wickremasinghe Tuesday unveiled the energy sector plan for the next ten years formulated to achieve the ambitious goal of 100 percent energy self-sufficiency by 2030. Launching the “Sri Lanka Energy Sector Development Plan for a Knowledge-based Economy, 2015-2025” at the Water’s Edge Hotel, Battaramulla this morning, the Prime Minister said the country …

Sri Lanka to resume road development projects with China

Mar 30, Colombo: The Sri Lankan government has decided to recommence all the main and provincial road development projects in the island nation with China, a senior government official has said. Highways, Higher Education and Investment Promotion Ministry Secretary, Udaya Ranjith Seneviratne has told Xinhua Sunday that the Ministry had already made payments to the relevant Chinese contractors for the …

Bilateral agreements reached during President’s China visit to bring about health service advances, technical training

Four bilateral agreements have been reached during President Maithripala Sirisena’s official visit to China. Chinese President Xi Jinping and First Lady Peng Liyuan officially welcomed Sri Lankan President Maithripala Sirisena  at the Great Hall of the People in Central Beijing, China on Thursday morning. President Sirisena was extended a warm welcome with a guard of honour being accorded to him. …

Sri Lanka lags far behind neighbors in innovation and technological adoption – ADB

Mar 26, Colombo: Despite that innovation is becoming an important policy agenda for Sri Lanka, the country lags far behind its South Asian neighbors in innovation and technological adoption, a recently released report of the Asia Development Bank (ADB) said. The Global Competitiveness Index of the World Economic Forum ranks Sri Lanka behind other countries in university-industry collaboration in research …

Sri Lanka lacks skilled labor force to support socio- economic demands: Deputy Minister

Mar 25, 2015(LBO) – Sri Lanka needs to create a skilled labour force who will be able to compete with international markets in the phase of implementing new regime’s social market economy, Deputy Minister of Finance and Planning Harsha De Silva said. “We need a radical change in grade one admission in school and go beyond teaching science and mathematics …