Day: January 7, 2017

Sri Lanka – China Logistics and Industrial Zone inaugurated

Inauguration ceremony of the Sri Lanka – China Logistics and Industrial Zone (SLCLIZ) to be set up within the ‘Ruhunu Economic Development Area’ in Hambantota was held this morning under the patronage of Prime Minister Ranil Wickremsinghe.

Sri Lanka is to receive GSP + concession next week – President

President Maithripala Sirisena says he has received information that Sri Lanka will receive the GSP + trade concession next week, marking a significant turning point in the industry and export fields of the country.

Emission scandal put paid to Volkswagen’s Sri Lanka plant

The emission scandal in which German carmaker Volkswagen (VW) was embroiled since September 2015, put paid to its project to set up an assembling facility in Sri Lanka, which was to come up this month.

Sri Lankan rupee falls on importer dollar demand

The Sri Lankan rupee ended lower on Friday on dollar demand from importers, but the central bank’s moral suasion continued to prevent further decline