Prime and Melwa, two Sri Lankan business powerhouses, have joined forces to mark a defining milestone in Sri Lanka’s most ...

Sri Lanka’s Prime Group and Melwa conglomerate have acquired over four acres of premium marina-front land at Port City Colombo for US$ 57.6 million, marking one of the largest recent local investments ...

The story goes that in 2011 Sri Lanka’s then-president Mahinda Rajapaksa looked out from the land reclamation site of Colombo's emerging South Container Terminal and had an epiphany: why not just keep ...

Sri Lanka, Feb. 24 -- Celebrating 78th National Independence Day, the Embassy together with China Harbour Engineering Company (CHEC), convened an Investor Forum attracting Chinese investment into the ...

Sri Lanka recently announced that a major development project, suspended since March 2015, will finally resume. The Colombo Port City Project, a $1.4 billion deal, is supported by a state-owned ...

Sri Lanka, Feb. 23 -- Two Sri Lankan business powerhouses Prime and Melwa have tied-up to buy one of Port City Colombo's best marina front land parcels, spanning over four acres overlooking the Indian ...

COLOMBO, Sri LankaCOLOMBO, Sri Lanka — The U.S. announced a $553 million project Wednesday to build a deep-water shipping container terminal in Sri Lanka’s Port of Colombo as it competes with China in ...

Since the return of the Rajapaksa brothers to office as president and prime minister in Sri Lanka, Colombo’s relations with China have improved dramatically. Earlier in the week, the Sri Lankan ...

COLOMBO (Reuters) - Sri Lanka's prime minister said on Wednesday a $1.5 billion luxury real estate deal with China was signed without cabinet approval and without following procedures, and launched a ...

COLOMBO, Sri Lanka — The U.S. announced a $553 million project Nov. 8 to build a deep-water shipping container terminal in Sri Lanka’s Port of Colombo as it competes with China in international ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. COLOMBO, Sri Lanka (AP) — The U.S. announced ...