22 September 2020


Sri Lanka’s China backed project puts reclaimed land on the market for services FDI

ECONOMYNEXT – Sri Lanka’s Colombo Port City, a project financed by China-based business group has placed 13 blocks of prime land reclaimed from the sea and a marina in the market for investors in services exports to kick start post-Covid-19 investments, an official said.

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Coconuts - A Sustainable Raw Material

For a long time in the western world our only exposure to coconuts was eating them in macaroons or throwing one at a coconut shy. Today, coconut is becoming increasingly prominent and we’re seeing more and more coconut based products appear on our shelves.

Did you know coconut is also used to create our activated carbon products too? Some of which you may even be using yourself!

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We are very glad go welcome our new member AUTOCONCEPT INSURANCE AB



More news.

Investments on the rise: BOI

The Board of Investment (BOI) says agreements to the value of $ 1.5 billion have been approved in the first nine months of this year from the 2020 targeted figure of $ 2-2.5 billion. 

German sustainability initiative in Sri Lanka facilitates market access to EU

The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) and the Friedrich Naumann Foundation for Freedom (FNF) in Sri Lanka co-organized a Kick-Off conference on their initiative ‘Sustainable Supply Chains as driver for global competitiveness’.


JKH says winter bookings nearing pre-COVID levels

John Keells Holdings PLC (JKH) says winter forward bookings at its resorts and hotels in Sri Lanka and Maldives are reaching pre-COVID-19 levels indicating a pent-up demand. 
“If you look at the winter season (December-March), you are seeing bookings somewhat close to last year’s figures. In fact, in Maldives, we are seeing better than what we had last year,” JKH Deputy Chairman Gihan Cooray told an investor forum in Colombo this week.


Global Innovation Index 2020

Sweden ranked no 2

Innovation from Sweden
Electrifying regional
air travel

Heart Aerospace will deliver the first ES-19 electric airliner certified for commercial flight by 2025.


300 MW LNG plant in Kerawalapitiya within three years

The Government had approved the construction of 300 megawatt (MW) Liquefied Natural Gas (LNG) Power Plant in Kerawalapitiya as a solution to the power crisis that may arise in the country in the future, Co-Cabinet Spokesman Ramesh Pathirana said.


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