CSR

The government is gearing to fast-track the development of East Container Terminal (ECT) at the Port of Colombo jointly with Japan and India with the setting up of a terminal operating company (TOC), ensuring that the full ownership of ECT will remain with Sri Lanka. According to informed government sources, Sri Lanka Ports Authority (SLPA)…

The Ceylon Association of Shipping Agents (CASA) yesterday welcomed the proposed new revival deal for the East Container Terminal as part of the expansion of the Colombo Port. Minister of Ports and Shipping Sagala Ratnayaka at a recent inspection tour of the Sri Lanka Ports Authority (SLPA) emphasised on the importance of expanding the Colombo…

Sri Lanka, Japan and India will soon finalise the specific terms to jointly develop the East Container Terminal (ECT) of the Colombo Port. The representatives of the three countries last week signed a Memorandum of Cooperation (MoC) to jointly develop the ECT.
“The three governments will work out details based on the MOC at joint working group meetings…

Sri Lanka Ports Authority (SLPA) said yesterday the new revival deal for the long-prolonged East Container Terminal (ECT) will boost the Colombo port in retaining its hub and competitive status. In a State-level deal, the Government is to sign a Memorandum of Co-operation (MoC) with Japan and India for ECT. The SLPA will retain 100%…

Confirming Mirror Business exclusive story last week, the Sri Lanka Ports Authority (SLPA) yesterday said the envisaged partnership with Japan and India to develop the East Container Terminal (ECT) will help Port of Colombo to continue with its growth momentum and further improve its position. The three governments are expected to sign a Memorandum Of…

To overcome the present foreign exchange crisis, one of the most viable solutions will be to attract many export-oriented industries through FDIs, capitalising on our strategic location. But our high construction cost, which will increase the setting up costs of an industrial venture, could act as a disincentive to attracting FDIs needed to spur economic growth – Pic by Shehan Gunasekara

Presenting the vision for the months ahead through ‘Road Map 2019 – Monetary and Financial Sector Policies for 2019 and Beyond’ Sri Lanka’s financial market regulator Central Bank said that industrial activities slowed in 2018 mainly due to the slowdown in the construction sector. On the other hand analysts points out that Post-war Sri Lanka…