Earnings from tourism displayed continued strengthening despite some softening from March. Arrivals eased last month but the momentum persists, projecting robust earnings from the trade which once saw a prolonged decline due to repeated crises from 2019 onwards through 2022.

Sri Lanka’s insolvent companies are to be allowed to continue operating following government’s decision of enabling creditor banks to avoid declaring bankruptcy of such entities, Finance Ministry sources said.

For the first time in Sri Lanka, to promote entrepreneurship (Public/Private), the Industrial Development Board and the Ceylon Federation of MSME signed a memorandum of understanding today (2024.05.09) at the Industrial Development Board head office.

Sri Lanka’s tourism sector celebrates a significant milestone as tourist arrivals soar past 800,000, sparking optimism for the year-end targets.

Sri Lankan government is waiting for clearance from Public Security Ministry to go ahead with a dragged India-funded Unique ID card project, State Technology Minister Kanaka Herath said.

Sri Lankan government is waiting for clearance from Public Security Ministry to go ahead with a dragged India-funded Unique ID card project, State Technology Minister Kanaka Herath said.

Assistant Secretary of State for South and Central Asian Affairs Donald Lu will travel to India, Sri Lanka, and Bangladesh May 10—15.

Two floating solar pilot projects were implemented on Chandrika Wewa in Embilipitiya and Kiriibban Wewa in Sewanagala and will be completed by July 2024, Power and Energy Ministry officials said.

The government had decided to provide USD 25 million for the Smart Climate Irrigated Agriculture Project (SCIAP) for this year in many difficult districts through this project, Agriculture and Plantation Industries Minister Mahinda Amaraweera said.