NEWS WEEK

LEADING DESTINATION IN ASIA

Sri Lanka took the title of leading destination for the region at the World Travel Awards Asia and Australasia 2017. While reflecting the island’s range

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RENEWABLE ENERGY IN THE NORTH

Sri Lanka is planning to build a hybrid energy park for 240 megawatts (MW) of wind power and 800 MW in solar power plants in Pooneryn with

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FOCUS ON PROMOTING INVESTMENTS

Tax experts and economists have recommended that Sri Lanka be positioned as an investment destination with the right macroeconomic fundamentals

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DIRECT FLIGHTS TO MELBOURNE

The national carrier of Sri Lanka and member of the oneworld alliance will be commencing daily non-stop services to Melbourne from 29 October

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WORST FLOODS IN OVER A DECADE

The recent floods have spread to several parts of Sri Lanka with a death toll of over 170 people as of now. More than 1,800 homes have been affected

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INFLATION DECELERATES IN APRIL

Sri Lanka’s inflation slowed to 8.4 percent in April from an over two-year high of 8.6 percent in March, according to the Central Bank of Sri Lanka.

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MALAYSIA TO FUND LEISURE SECTOR

Malaysia’s government and private sector are looking at investing nearly US$ 300 million in theme parks and other leisure segments

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FERTILITY RATES ON THE INCREASE

The total fertility rate in Sri Lanka had increased to 2.4 in 2011 from 1.9 in 1998 with experts arguing that if strategies are not implemented

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STATE TAX PLANS FOR E-COMMERCE

The Sri Lankan government revealed plans to impose taxes on online transactions to exploit the growing e-commerce sector in the country

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LONG-TERM VISAS IN THE OFFING

Government sources indicate that regulations are likely to be relaxed vis-à-vis the issuing

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