Development and Economic News

Despite setbacks in private creditor debt restructuring, IMF says it is hopeful that a conclusion can be reached, soon.

Indian arm manufacturing firms showed the Delhi’s capability in arm manufacturing to Sri Lankan military at a seminar on Wednesday which the island nation expects to open the door for future joint collaboration in manufacturing and services.

The Finance, Economic Stabilisation, and National Policies Ministry stated that all the suspended projects are scheduled to be recommenced once the debt restructuring programme is concluded.

Trade, Commerce and Food Safety Minister Nalin Fernando says measures underway to investigate undue profits, ensuring fair pricing, availability of essential commodities, including potential intervention by Inland Revenue Department

Korea has pledged to increase support to Sri Lanka in several sectors including education, health, renewable energy, employment, agriculture and rural development

Despite the winter season coming to a close, Sri Lanka Tourism experienced an impressive surge in arrivals, with over 39,000 visitors recorded during the first week of April.

The Japanese government has granted a stock of high-tech scanners, valued at 8.4 million US dollars, to the Katunayake International Airport and the Colombo Port.

The Cabinet of Ministers cleared the implementation of the Agripreneurship Villages establishment project, marking the first phase of this ambitious endeavour in 2024.

The National Savings Bank (NSB) said yesterday it demonstrated its mettle amidst challenges by recording a Profit after Tax (PAT) of Rs. 7.2 billion for the fiscal year ended December 31, 2023.

The government is considering the lifting of the ban on the importation of vehicles if the country's economy improves by next year, Finance State Minister Ranjith Siyambalapitiya said.

World News

Latest World News

There are 35833 listings and 1274 categories in our website