Development News

Delays to the completion of the Port Access Elevated Highway (PAEH) which would link Colombo City Centre and Katunayake Expressway…

The New Zealand government said on Tuesday it was introducing two new pathways for migrants to gain residency as part of their eff…

Sri Lanka’s credit card debt expanded at a slower pace in July, even as overall credit in the economy grew faster, supported by …

Sri Lanka is striving to achieve 4–5% GDP growth in the medium to long-term in comparison to the baseline requirement of 3% set …

The Asian Development Bank (ADB) has revised downward its GDP growth forecast for Sri Lanka, primarily due to the effects of US ta…

A tree planting and conservation project was launched today (5) along the stretch of Colombo’s Marine Drive, from the Kollupitiy…

The Government of Sri Lanka maintains that the allegation of genocide during the final phase of the conflict in Sri Lanka is unsub…

Colombo (AFP): Sri Lanka has been granted a billion-dollar loan to boost its agriculture, tourism and energy sectors, the World Ba…

Sri Lanka Police has launched a pilot project to enable motorists to pay traffic fines online, in a move aimed at streamlining the…

Cable car projects that operate more than a kilometre between two mountains without any support are rare in the world. The Sri Lan…

By NUZLA RIZKIYA Sri Lanka’s confectionery industry is experiencing some sweet growth as it on an upward trajectory this year, …

The work on the second terminal of the Bandaranaike International Airport (BIA) will begin this year, Minister of Aviation Bimal R…

The government will call for Expression of Interest (EOI) from the top ten shipping companies in the world next month for the expa…

A group of nearly 100 migrants deported from the U.S. to Panama last week, including Sri Lankans, has been moved from a hotel in t…

Under Japan’s Economic and Social Development Programme, a grant of 300 million Japanese Yen (approximately LKR 565 million) has…

The People’s Republic of China has played a vital role in the social and economic development of Sri Lanka for decades, Presiden…

The Port City, Colombo on Friday will break ground for its Marina development, which is tipped to be a key value proposition boost…

In line with the Clean Sri Lanka project, the Sri Lanka Police has launched two traffic initiatives aimed at reducing accidents an…

Global rating agency, Moody’s yesterday upgraded the Government of Sri Lanka’s Long-Term Foreign Currency Issuer Rating to Caa…

Fitch Ratings has upgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘RD’ (Restr…

Parameswaran Iyer with President Dissanayake The World Bank Group this week affirmed that all ongoing World Bank-supported project…

Mahima Pivithuru Herath, a postgraduate student at Griffith University from Sri Lanka has secured third place in the prestigious H…

Lanwa Sanstha Cement Corporation Ltd., a state-of-the-art cement manufacturing facility that is expected to be one of the region's…

The second phase of the expansion of the Bandaranaike International Airport (BIA) in Katunayaka will be officially declared open t…

The China National Energy Engineering and Construction Company Limited (CNEE), a Chinese state-owned energy conglomerate, has offe…