Tag:Sri Lanka

Under the project’s terms, each investor is required to make a minimum capital investment of USD 5 million and deposit a USD 2 million bond with the Central Bank of Sri Lanka as a performance guarantee.

The initiative, spearheaded by Prime Minister and Minister of Education Dr. Harini Amarasuriya, aims to overhaul the country’s education system to meet the demands of a rapidly evolving global landscape.

Sri Lanka’s police force is facing an unprecedented leadership crisis following the dismissal of its second-highest-ranking officer and the looming impeachment of its Inspector-General.

A core feature of the initiative includes $40 million in World Bank Group guarantees in the first phase. This will help reduce risks for private investors and energy producers.

The pilot in Galle is seen as a potential blueprint for nationwide replication, with implications for addressing water inefficiencies throughout Sri Lanka. If successful, it could also serve as a model for other countries in the region facing similar challenges.

Speaking at a business forum attended by around 100 Chinese companies eager to explore investment and trade opportunities in Sri Lanka, Minister Wang called for accelerating negotiations on the FTA.

Nearly 5,000 elephants and 1,600 people have been killed in the last 15 years in clashes between elephants and humans in Sri Lanka, home to one of the largest remaining populations of Asian elephants, according to official figures.

Anto Marcus, Secretary General of the Free Trade Zones and General Services Employees Union, confirmed that the company failed to consult workers as mandated by their collective agreement.