Sri Lanka has now set a powerful platform for sustainable economic growth not only in 2025 but also with a three-to-five-year view, a top fund manager said. The current year is expected to be a good one for earnings growth, on the back of the ongoing economic momentum and rebound in tourism. “The ongoing success […]
Read MoreThe rent for the residence of former President Mahinda Rajapaksa was valuated as Rs. 4.6 million per month and he could either pay the rent or leave the residence, President Anura Kumara Dissanayake said today. He told a meeting in Katukurunda that according to the Act, former Presidents are entitled to either a residence or […]
Read MoreSri Lanka and China have agreed to sign a memorandum of understanding on maritime cooperation amid Indian concerns over Chinese research ships visiting the Indian Ocean. Sri Lanka on December 31 relaxed a one-year temporary ban on foreign ships entering Sri Lankan waters for research purposes. Sr Lanka had to impose the ban after strong […]
Read MoreSri Lanka and China have agreed to work towards the early conclusion of a comprehensive Free Trade Agreement (FTA) in “one package” in line with the principles of equality, mutual benefit and win-win outcomes. In a joint statement issued by both countries during Sri Lanka’s President Anura Kumara Dissanayake’s state visit to China, the two […]
Read MoreSri Lanka’s rubber export earnings rose 7 percent year-on-year (YoY) to US $ 11.67 billion in the 11 months to November 2024, driven by the increased revenues from rubber products, Forbes and Walker Commodity Brokers said in its latest rubber report. While the overall earnings showed growth, November saw a 1.96 percent YoY decline to […]
Read MoreIndia’s IndiGo becomes the largest foreign carrier out of Sri Lanka, with it operating 54 weekly flights. The airline operates to two cities in Sri Lanka – Colombo and Jaffna, from four cities in India – Bangalore, Chennai, Hyderabad and Mumbai. These direct flights between India and Sri Lanka are integral to IndiGo’s long-term growth […]
Read MoreSri Lanka’s tea industry is set for a year of modest growth in 2025, despite facing several challenges and uncertainties, an analysis by Forbes and Walker Tea Brokers showed. After a few years of declining production, the country is likely to experience a tight supply of Orthodox Large Leaf teas, following a production shortfall in […]
Read MoreThe Public Security Ministry believes that over 100 Rohingya rescued while adrift on a fishing trawler are victims of a human trafficking scandal, bound for another destination Sri Lanka Navy rescued 102 people, including 25 children, and they were taken to Sri Lanka’s eastern port of Trincomalee. Public Security Minister Ananda Wijepala told Daily Mirror […]
Read MoreSri Lanka is exploring avenues to channel foreign earnings into local investments to boost its economy, with plans underway to empower the returning migrant workers to reinvest their hard-earned savings in the country. The Sri Lanka Bureau of Foreign Employment (SLBFE) yesterday announced the launch of a Rs.744.75 million entrepreneurship development scheme to encourage the returning […]
Read MoreSri Lanka’s new government has launched a nationwide project aiming to make it the cleanest country in Asia and enforce the principles of environmental justice. President Anura Kumara Dissanayake kicked off the “Clean Sri Lanka” initiative on New Year’s Day, saying it would be focused on restoring the island nation’s environmental system. Dissanayake, during a […]
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