economy

The Extraordinary Gazette notification pertaining to the revision of water tariffs has been published, thereby increasing the water tariffs with effect from August 01. The notice was issued by the Minister of Water Supply and State…

The Central Bank of Sri Lanka (CBSL) has issued a clarification on the ‘misrepresentations of facts’ circulated with regard to the Indian Rupee (INR). A media release issued by the CBSL emphasized that the authorization of the Indian…

The Export Development Board (EDB) says it is in the process of developing a 5-year strategic plan to boost Sri Lanka’s exports. In a statement, the EDB said this plan aims at increasing Sri Lanka’s exports to USD 31.3 billion by 2027.…

The Cabinet of Ministers has granted approval to enter into an agreement with the International Development Association of the World Bank Group in order to obtain funding for the implementation of a project to strengthen the social security…

The United Nations Resident Coordinator, Marc-Andre Franche has met with President Ranil Wickremesinghe to discuss the UN’s assistance in ensuring fair debt treatment during Sri Lanka’s restructuring process, the President’s Media Division…

President Ranil Wickremesinghe announced the government’s new tourism strategy, ‘Visit Sri Lanka’ today (24), while addressing the ‘Bocuse d’Or Sri Lanka 2023’ competition and awards ceremony. Set to launch in the upcoming months, the…

The Department of Railways says that several trains are expected to be cancelled this morning (24), owing to trade union action launched by a trade union of engine drivers. A group of engine drivers had commenced the trade union action…

The first two shipments of fuel under the agreement with China’s Sinopec are due to arrive in Sri Lanka  next month, State Minister of Petroleum D.V. Chanaka revealed. Accordingly, Chanaka stated that the two shipments are expected to…

Chief of Presidential Staff and Senior Adviser on National Security to the President Sagala Ratnayake has assured that the current government’s priority to ‘set the country right’, and not ‘play politics’. Attending an event organized by…

The central bank (CBSL) governor says Sri Lanka will have to go through another Domestic Debt Optimization (DDO) strategy if the targets of the current plan are not achieved. Dr. Nandalal Weerasinghe also noted that the DDO strategy…