FINANCIAL ASSISTANCE FOR WOMEN
Prime Minister Ranil Wickremesinghe revealed that the Government of Sri Lanka plans to launch a nationwide programme to provide women with financial assistance to
SET TO ACHIEVE EXPORT TARGETS
Sri Lanka is on track to achieve the government’s export target of US$ 17.5 billion by the end of 2018, having achieved 60 percent of the target by the end of July, according to Chairperson
CBSL SECURES LOAN FROM CHINA
The Central Bank of Sri Lanka (CBSL) announced that it has secured a US$ 1 billion loan from China. According to CBSL Governor Dr. Indrajit Coomaraswamy,
LRT TO IMPROVE PROPERTY VALUES
Jones Lang LaSalle (JLL) has found that there is a correlation between real estate values and improved infrastructure, in an effort
FOREIGN RESERVES SET TO INCREASE
Sri Lanka’s foreign reserves, which stood at US$ 8.4 billion at the end of July, will rise to nine billion dollars by the end of 2018 – an amount that could comfortably
IT INDUSTRY TO GAIN PROMINENCE
The Federation of Information Technology Industry Sri Lanka (FITIS) plans to increase Sri Lanka’s IT and IT enabled service (ITES) exports to US$ 5 billion.
FAST-GROWING TOURISM MARKETS
Sri Lanka has been ranked the fourth fastest growing tourism market in the world by GlobalData. Along with Iceland,
JOB OPPORTUNITIES FOR STUDENTS
Minister of Finance and Mass Media Mangala Samaraweera called for more opportunities to be made available to the 200,000
DOMESTIC AIR SERVICE IN THE EAST
Better air connectivity is needed to boost tourism and the Eastern Province economy, according to Prime Minister Ranil Wickremesinghe.
EFFORTS TO PROMOTE GOLF TOURISM
Managing Director of the Sri Lanka Tourism Promotion Bureau Sutheash Balasubramaniam stated that journalists were flown in from Germany and Switzerland to visit golf courses in Colombo
EASING OF TOURISM REQUIREMENTS
Prime Minister Ranil Wickremesinghe said the easing of visa requirements for tourists is an important step in boosting Sri Lanka’s tourism industry
CONSOLIDATION OF PRIVATE BUSES
A new policy is set to begin at the end of the year to consolidate the private bus transport business. In an effort to improve public transportation
LAUNCH OF TRADE INFO PORTAL
Sri Lanka’s Trade Information Portal (TIP) was officially unveiled on 20 July, achieving one of the major milestones in the WTO’s trade facilitation plan
EXPORT GROWTH EXCEEDS IMPORTS
Sri Lanka’s trade deficit expanded at a comparatively slower rate in May due to the pace of export growth exceeding that of import growth
PRIVATE SECTOR CONCERNS RAISED
Sri Lanka needs to address concerns voiced by its private sector, such as those related to instability and labour constraints, according to the American Chamber of Commerce in Sri Lanka.
NEGOTIATIONS FOR THAILAND FTA
Sri Lankan President Maithripala Sirisena and Prime Minister of Thailand Prayut Chan-o-cha recently declared the launch of negotiations for a Thailand-Sri Lanka FTA
LAND RECLAMATION FOR NEW BEACH
The government is expected to invest over US$ 300 million to reclaim 85 hectares of land for a new beachfront from Kollupitiya to Dehiwela
SCOPE TO GROW STATE EFFICIENCY
A recent survey conducted by the Department of Census and Statistics reveals that there is scope to improve occupational efficiency among public sector employees.
FUNDS FOR TECHNICAL EDUCATION
The OPEC Fund for International Development (OFID) agreed to provide a US$ 50 million loan to support an initiative to construct technical laboratories, and provide machinery and equipment to schools.
CONTINUATION OF MONETARY POLICY
The Central Bank of Sri Lanka (CBSL) said the Monetary Board was of the view that the continuation of the current
