Tourism earnings jump by 6.7% to $161.8M in January
Sri Lanka’s tourism earning rose by 6.7% Year-on-Year to $161.8 million in January this year compared to $151.7 million recorded a year ago, according to the Central Bank of Sri…
Locally assembled Hyundai Grand i10 hit the roads in Sri Lanka
The Hyundai Grand i10 car, assembled for the first time in Sri Lanka was launched at the Colombo City Centre yesterday (10) under the patronage of President Ranil Wickremesinghe. The…
Steps underway to establish a National Policy Commission for planning, implementing, monitoring and reviewing national policies and strategies
A discussion pertaining to the concept paper related to the proposed establishment of the National Policy Commission for the purpose of planning, implementing, monitoring and reviewing national policies and strategies…
American Clean Energy Solutions invests $150M in Ground-Mounted Solar Power Project in Nilaveli
Sri Lanka has recently awarded the American Clean Energy Solutions Inc. based in Ontario,Canada to develop 100 Megawatts solar power project on Sri Lanka Broadcasting Corporation (SLBC) land in Nilaweli,…
Sri Lanka bondholders ready for debt restructuring negotiations consistent with the IMF Programme
A group of Sri Lanka’s sovereign USD-denominated Bondholders of is ready to hold debt restructuring negotiations with Sri Lankan authorities consistent with the International Monetary Fund’s (IMF) program. “The Bondholder…
Sri Lank’s trade deficit hits a 12-year low in 2022
The deficit in the trade account in 2022 narrowed to the lowest level since 2010 to $ 5,185 million, from $8,139 million recorded in 2021. Earnings from exports in 2022…
Sri Lanka targets UAE, Saudi Arabia in global tea promotion campaign
Arabnews:Sri Lanka’s tea industry is planning a global promotional campaign targeting its main export destinations, including the UAE and Saudi Arabia, as the crisis-hit country looks to attract additional foreign…
COPA Pushes for proper implementation of the Revenue Administration Management Information System (RAMIS) at IRD
Several new proposals were proposed by the Committee on Public Accounts (COPA) to make the work of the Inland Revenue Department more efficient including proper implementation of the Revenue Administration…
Japan donates $3.5M worth of New Cold Chain Equipment and Nutrition supplies to Sri Lanka
The Ministry of Health has today received walk-in cold rooms and nutrition supplies procured by UNICEF funded by the Government of Japan to continue to improve the health of all…
Fitch Downgrades Seven Sri Lankan Insurers’ National IFS Ratings to reflect changes in the relative creditworthiness among Sri Lankans
Fitch Ratings has downgraded the National Insurer Financial Strength (IFS) Ratings of seven Sri Lankan insurers following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan National Rating…