BALANCE OF TRADE
The External Sector Performance Review published by the Central Bank of Sri Lanka reveals that Sri Lanka’s trade deficit widened in July compared to the corresponding
REAL ESTATE
Standalone hotels are not viable in Sri Lanka due to excessive construction costs, high domestic interest rates and currency depreciation, according to
TOURIST TRADE
As Sri Lanka recovers from the events that took place in April this year and regains its position among the best tourist destinations in the world
LAW ENFORCEMENT
The Election Commission of Sri Lanka has stated its commitment to taking stern action against anyone found violating election laws in the run-up
INVESTMENT PROSPECTS
Several Indian industrial financiers are interested in Sri Lankan investment projects, ranging from mega infrastructure to smaller outlays, Minister of Industry
WORKFORCE DIVERSITY
Sri Lanka has the potential to increase its GDP by 20 percent by closing the gender gap in its workforce, according to Amena Arif, Country Manager
NATIONAL FORUM
The Sri Lanka Economic Summit, considered one of the most important economic events in the country and organised by the Ceylon Chamber of Commerce
YOUTH ENGAGEMENT
The UN Resident Coordinator in Sri Lanka Hanaa Singer has urged Sri Lankan youth to take bold steps towards positive change in areas of climate
BILATERAL COOPERATION
Sri Lanka has reiterated joint efforts to counter human smuggling operations from the island to Australia in the light of a recent escalation of the issue
TOURISM INDUSTRY
Sri Lanka recorded a 28.3 percent year on year decline in tourist arrivals for August, according to data released by the Sri Lanka Tourism Development
EXPORT TARGET
On the back of six percent growth in exports registered so far in 2019, Sri Lanka is expected to achieve an export income of US$ 28 billion next year
BIZ FACILITATION
Discussions to set up a digital free trade zone may soon come into effect with the objective of helping small businesses and other exporters
GLOBAL INDEX
The city of Colombo has experienced a downgrade in the Global Liveability Index 2019 due to the Easter Sunday terrorist attacks that occurred
WAR ON TERROR
The Global Community Engagement and Resilience Fund (GCERF) has stated a mission to assist Sri Lanka in combatting and preventing
ECONOMIC STATISTICS
The Department of Census and Statistics of Sri Lanka has reported a marginal uptick in inflation – as measured by the change in the Colombo
HIGHWAYS DEVELOPMENT
The second phase of the Central Expressway project from Mirigama to Kurunegala is anticipated to be completed by the end of November
BILATERAL AGREEMENTS
Bilateral relations between Sri Lanka and the Maldives are set to be strengthened as the two countries have scheduled the signing of several agreements during
TRIPARTITE AGREEMENT
The Government of Sri Lanka finalised an agreement with two energy companies from France and Norway for a two-year oil and gas exploration exercise
FOREIGN FUNDING
A US$ 480 million grant to Sri Lanka, to improve transportation and land information availability, from the Millennium Challenge Corporation (MCC)
PHARMA INDUSTRY
Minister of Health, Nutrition and Indigenous Medicine Dr. Rajitha Senaratne revealed plans to regulate the prices of several drugs
