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.
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
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
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
LONG-TERM VISAS IN THE OFFING
Government sources indicate that regulations are likely to be relaxed vis-à-vis the issuing
GATEWAY TO EXPORT OPPORTUNITIES
The granting of the GSP+ facility is set to enable Sri Lanka to reach buyers from 17 countries in the European Union
WORLD BANK GRANTS EDUCATION LOAN
The World Bank recently approved US$ 100 million to support Sri Lanka’s higher
NATIONAL CARRIER SEEKS PARTNER
The Sri Lankan government is looking to commence negotiations with international airlines to find a partner for
FRANCE EXTENDS ENERGY ASSISTANCE
French Development Agency (AFD) has agreed to provide EUR 30 million to fund
TOURIST NUMBERS REBOUND IN APRIL
Total tourist arrivals to Sri Lanka rose by 17.5 percent in April compared to the corresponding period
TRANSPORT HUB PLANS FOR KANDY
Minister of Megapolis and Western Development Patali Champika Ranawaka revealed plans
NEW VISA REGIME TO DRAW INVESTORS
The Sri Lankan government is reportedly looking to liberalise the visa entry system for investors
POLICY REVISED ON ELEPHANT ADOPTION
Overturning its ban on adopting baby elephants, the Sri Lankan government has decided to allow the excess elephants of the Pinnawala Elephant Orphanag
APPROVAL PENDING FOR DENGUE VACCINE
Sri Lanka has reported over 37,000 cases of dengue since January, causing many fatalities and leading to one of the country’s largest public health crises. However
INVITATION TO MALAYSIAN INVESTORS
President Maithripala Sirisena invited leading Malaysian entrepreneurs to explore the possibility of expanding investment and trade
LANKAN EXPORTERS AT CANADIAN SHOW
Ten Sri Lankan small and medium-sized exporters are scheduled to participate at the international food and beverage trade show SIAL Canada 2017
BAN ON SELLING LOOSE CIGARETTES
Minister of Health and Indigenous Medicine Dr. Rajitha Senaratne is poised to present a Cabinet proposal to ban the sale of loose cigarettes with the objective of reducing tobacco
NEW HILTON HOTELS IN SRI LANKA
Hilton Hotels recently signed six management agreements with Melwa Hotels and Resorts for three Hilton Hotels and Resorts and three DoubleTree by Hilton properties in Sri Lanka.
FLAG CAREER TO REINFORCE PRESENCE
SriLankan Airlines is set to gain further impetus in the Middle East amid growth in the island’s tourist figures. The airline is hoping to make fresh forays into
REVIEW OF ECONOMIC PROGRESS
Sri Lanka’s economic development process, and assured support for its fiscal policy reforms and economic growth were commended by both the World Bank