Sri Lanka’s tourism earnings have overtaken Workers’ remittances inflows in January
Sri Lanka’s tourism earnings have overtaken Workers’ remittances inflows in January this year as emittances inflows fell to a fresh 13-year-low of $ 259 million in January amidst parrel exchange…
Sri Lankan Economy Spiralling out of control; Requests IMF assistance
By Asanga Abeyagoonasekera Sri Lanka’s economic meltdown is one of the worst in recent decades, pushing many families into poverty. The situation is rapidly spiraling out of control with multiple…
Sri Lankan bunker suppliers rescind HSFO offers amid energy crunch
(SPGlobal): Suppliers at the port of Colombo have retracted offers for delivered 380 CST high sulfur fuel oil due to shortages of the bunker grade as local refineries direct the…
EU strongly urges Sri Lanka to lift forthwith import restrictions
The European Union (EU) has strongly urged Sri Lanka to lift forthwith import restrictions preventing many European products from entering its market during the 24th meeting of the Joint Commission held…
Colombo Port’s East Container Terminal’s Construction Second Phase Begins
Construction of the second phase of the Eastern Container Terminal (ECT) of Colombo harbor commenced today (12th) morning under the patronage of President Gotabhaya Rajapaksha and Prime Minister Mahinda Rajapaksha.…
Sri Lanka focus on ‘homegrown solutions’ to settle $6.9 billion external debt servicing obligations for 2022
Sri Lanka will focus on ‘homegrown solutions’ to settle $6.9 billion external debt servicing obligations for 2022 with nearly half of these obligations falling within the 1st quarter of the…
EU strengthens protection against economic coercion
The European Commission has today proposed a new tool to counter the use of economic coercion by third countries. This legal instrument is in response to the EU and its…
Most Sri Lankan Exporters Grappled with high costs and shortages in sourcing inputs for exports
Most of Sri Lanka’s exporters are grappled with high costs in sourcing export inputs with some exporters are struggling to source export inputs while facing shortages, according to a recent…
Sri Lanka’s Power Regulator Preparing To Regulate LP Gas Industry Amidst Multiple LP Gas Cylinder Explosions
A Standard for LP Gas has already formulated The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator and the designated regulator for the petroleum industry, together with…
U.S. donates nearly 200,000 additional Pfizer-BioNTech vaccines to Sri Lanka
Nearly 200,000 additional Pfizer-BioNTech vaccine doses arrived in Sri Lanka today as a donation from the American people. This gift demonstrates the ongoing commitment of the United States to support Sri…