economy

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…

The European Commission has suggested that the current GSP+ (Generalised Scheme of Preferences Plus) scheme be extended by 04 years, amidst the ongoing negotiations for the EU’s new GSP+ arrangement. Taking to Twitter, the Delegation of…

Sri Lanka stands a strong chance of passing the first review of its $3 billion bailout given falling interest rates and a build-up of foreign reserves, according to the nation’s representative on the International Monetary Fund executive…

The Sri Lankan government and World Bank, European Union (EU) and Agence Française de Développement (AFD) have recently signed financing agreements to help strengthen Sri Lanka’s management of public finances. In a statement, the World…

Staffers of the Bandaranaike International Airport (BIA) in Katunayake have reportedly launched a protest outside the premises of the airport, based on several demands. Accordingly, nearly 3,000 employees representing the Sri Lanka Inter…

World Bank Country Director for Maldives, Nepal and Sri Lanka Faris Hadad-Zervos has commended Sri Lanka’s efforts thus far with regards to finding solutions for the island’s economic crisis. Speaking at an event held in Colombo on…