The government of Sri Lanka has changed its mind and reversed a prior decision to award a $300 million housing construction deal to a Chinese joint venture firm.
Sri Lanka Tender and Business News
A new investigation published September 18 says Maldives’ President Abdulla Yameen is continuing his record rate of corruption in the illegal lease of unpopulated islands and lagoons.
With an eye to the growing importance of urban development especially in Southeast Asia's emerging economies, Mitsubishi Corporation (MC) and Surbana Jurong (SJ), a wholly-owned subsidiary of Temasek Holdings, a Singapore government affiliated investment company, have formed a joint venture targeting acquisition of $2.5 billion in urban development projects in Asia.
For most of history all populations in the world grew with more children compared to the adult populations. Now Asia is facing a crisis because of the presence of less children and a higher percentage of adults. Representatives across the region gathered June 12-13 in Mongolia to discuss the issue.
The Women Entrepreneurs Finance Initiative (We-FI) has provided $12.6 million of funding to the Asian Development Bank to help more Sri Lankan women-led businesses become successful. The funding is for the period from 2018 to 2020.
Media Agency Group (MAG), a marketing and advertising firm in London, has been awarded a contract by the Sri Lanka Tourism Promotion Bureau to head a multi-format media campaign to showcase cultural and historical locations across the southeast Asian country to potential visitors from the UK.
Climate change has proven a disaster for Sri Lankan farmers like 52-year-old Newton Gunathileka, a paddy smallholder. After fighting to save it for years, in 2017 Gunathileka finally had to abandon his two acres of paddy for the first time in over three and half decades, leaving his family almost destitute.
Ceylon Graphite, a company in British Columbia that explores and develops graphite mines, has acquired JADS Enterprises (Private) Ltd., a Sri Lankan mining company.
Sri Lanka's rural road network is getting a major injection of capital from the Manila-based Asian Development Bank (ADB). Its board of directors just authorized $900 million for the program.
JCB International Co., Ltd. (JCBI) of Japan and LankaClear, a wholly-owned subsidiary of the Central Bank of Sri Lanka, have joined in a strategic partnership to issue LankaPay-JCB co-branded cards with integration with JCB payment solutions within Sri Lanka.
The Asian Development Bank (ADB) approved a $2 million grant to finance relief efforts in Sri Lanka following the recent floods and landslides that claimed the lives of over 200 people and damaged the homes and livelihoods of hundreds of thousands more.
Hertz, Dollar and Thrifty, owned by Florda-based Hertz Global Holdings, are now now officially in operation in Sri Lanka's capital, Colombo.
There is no justice for the deaths of high-profile journalists in Sri Lanka, despite leads pointing directly to the politically-motivated people who likely killed them.
Multilateral development banks (MDBs) leaders have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to support sustainable and inclusive economic growth throughout the world.
MAS Holdings, an intimate wear, active wear and swimwear manufacturer based in Sri Lanka, has selected Randolph County, North Carolina to be the location of its first manufacturing and development center in the United States.
Melwa Hotels & Resorts Private Limited was just awarded six management agreements for three Hilton Hotels & Resorts and three DoubleTree by Hilton properties, all in Sri Lanka.
Sri Lanka's small tea farmers have taken on sustainability as an important part of how they raise their crops. Among the most important of these changes is minimizing the use of synthetic herbicides, which are seen as the main reason behind the degrading health of soil and tea plants in the region.
Human development is progressing and has recently made major strides in many areas, but many are still left behind, with systemic and often unmeasured barriers to catching up. A new UN report urges a stronger focus on those excluded and on actions to dismantle these barriers to ensure sustainable human development for all.
Five military intelligence officers were arrested last week in Sri Lanka. They were charged with 2009's murder of Lasantha Wickramatunga, editor-in-chief of the weekly Sunday Leader and one of the strongest critics of former president Mahindra Rajapasa.
French resource management company Veolia, through its subsidiary OTV, has won a EUR156 million contract to manage the construction of five new water treatment plants in Greater Matale, a predominantly agricultural region in Sri Lanka’s Central Province.
The drought in Sri Lanka is turning out to be not just one of the worst in recent times, but possibly the worst in over 30 years. The damage to the country's food supply and health of its people is already staggering, and something clearly has to change.
Beragama, a beautiful Sri Lankan rural village, is a typical one, untouched by much of modern civilization, with lush green paddy fields interspersed by small houses and the village temple standing at the highest location. But a massive Chinese investment of $1.5 billion dollars immediately nearby could change the lives and the property of its people forever.
Sri Lanka’s upcoming 69th Independence Commemorations will be of special value to the island’s media – that is, if everything works as planned.
Tasura Begum straightens up from picking a bushel of green chilis and looks at the mighty Padma River flowing by, wondering whose life it ruined today.
Sri Lanka has awarded the contract to install an overhead electricity transmission network connecting the cities of Habarana and Veyangoda in Sri Lanka. Two Japanese companies and one from Sri Lanka will be working together on the project.