The number of internet subscriptionsin Sri Lanka, including mobile internet connections, has risen to 26 million units by the end of the second quarter of 2024, according to local analytics platform Charts.lk. The platform noted that the surge in the figures marks a 19 percent increase in growth compared to the same period last year, […]
Read MoreThe addition of the modern twin-engine turboprop aircraft to the Sri Lanka Air Force will play a crucial role in strengthening Sri Lanka’s efforts to combat maritime threats, including drug trafficking and human smuggling, while also supporting disaster relief in the country and search operations in the Indian Ocean. The Australian government officially handed over […]
Read MoreColombo Dockyard PLC is preparing for a major shift after Japan’s Onomichi Dockyard Company Limited, its majority shareholder, stepped away from the management this week, to allow the company to bring in a new strategic investor. As part of this decision, Onomichi’s nominees to the board: T. Nakabe, K. Kobatake and J. Furukawa, resigned on […]
Read MorePresident Anura Kumara Dissanayake has directed rice traders to sell Nadu rice to consumers at a wholesale price of Rs. 225 per kilo and a retail price of Rs. 230 per kilo. The President also instructed the officials Consumer Affairs Authority to closely monitor the situation over the next ten days and strictly enforce the […]
Read MoreCeylon Electricity Board (CEB) has decided not to change electricity tari for six months and to go for a revision by mid next year, it was revealed yesterday. This was revealed in the tari revision proposal which was handed over to Public Utilities Commission (PUCSL) by the CEB. The proposal signed by CEB General Manager […]
Read MoreSri Lankan authorities are bringing together all stakeholders in tourism at a conference in January to finalise a nation branding strategy to propel the industry which is enjoying a period of growth, officials said. The campaign tagline ‘You will come back for more’ devised some time back, will be discontinued and instead a nation branding […]
Read MoreThe Sri Lanka Shippers’ Council claimed that the government coffers could be losing as much as two-thirds of potential border tax revenue, due to corrupt activities by the officials in key border agencies. Shippers’ Council Chairman Sean Van Dort, speaking at the Colombo International Maritime and Logistics Conference last week, alleged that these illicit funds […]
Read MoreSri Lanka’s merchandise export earnings in October 2024 climbed to US$ 1.097 billion, marking an 18.22 percent year-on-year increase, driven by higher earnings from key export categories, including apparel and textiles, tea, rubber-based products, coconut-based products, and spices and concentrates. On a month-on-month basis, export earnings in October expanded 8.44 percent compared to September 2024. […]
Read MoreThe Board of Investment (BOI) of Sri Lanka has entered into a collaboration deal worth US$ 7.25 million to kick start a mixed development project in Colombo 03. The project carried out in partnership with K.K. N.holdings will feature the construction of an exclusive 19-storey office space building in the city, according to a BOI […]
Read MoreSenior Economic Advisor to the President Duminda Hulangamuwa claims that the new government is encouraging the private sector to be at the forefront of economic development in the country. However, he noted that the government will retain control over strategic sectors of public interest. Joining Ada Derana’s current affairs program, ‘@HydePark’, Hulangamuwa highlighted that the […]
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