Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier last week launched a new route connecting Abu Dhabi and Colombo.

The Sectoral Oversight Committee on National Economic and Physical Plans in Sri Lanka discussed the government’s goal to attract five million tourists to the country in the year 2024.

The Government has extended the deadline for submission of Request for Qualification (RfQ) for the purchase of controlling stake in Sri Lanka Telecom (SLT) until 12 January 2024.

Claiming that the government was expecting Rs. 227 billion in state revenue from the increase of VAT from 15 percent to 18 percent, State Minister of Finance Ranjith Siyambalapitiya said today the inflation will also escalate by 2.5 percent as a result of the VAT increase.

Australian budget airline Jetstar is considering operating flights to Sri Lanka after a major shake-up to its long-haul flights.

The High Commission of India recently signed two significant agreements for the construction of 10,000 houses in plantation areas of Sri Lanka under phase IV of the Indian housing project.

SriLankan Airlines has introduced double daily flights between Colombo and Mumbai, multiplying the convenience for passengers travelling to and from India’s financial and entertainment capital.

The Asian Development Bank (ADB) has sanctioned a US$ 200 million concessional loan for Sri Lanka to help stabilize the country’s finance sector following the sovereign debt and economic crises that started in April 2022 after it suspended its external debt payments.

Plans are in place to give all farms owned by the National LiveStock Development Board on lease, for a joint venture between two Indian and Sri Lankan companies.