Development and Economic News

Trade, Commerce and Food Safety Minister Nalin Fernando says measures underway to investigate undue profits, ensuring fair pricing, availability of essential commodities, including potential intervention by Inland Revenue Department

Korea has pledged to increase support to Sri Lanka in several sectors including education, health, renewable energy, employment, agriculture and rural development

Despite the winter season coming to a close, Sri Lanka Tourism experienced an impressive surge in arrivals, with over 39,000 visitors recorded during the first week of April.

The Japanese government has granted a stock of high-tech scanners, valued at 8.4 million US dollars, to the Katunayake International Airport and the Colombo Port.

The Cabinet of Ministers cleared the implementation of the Agripreneurship Villages establishment project, marking the first phase of this ambitious endeavour in 2024.

The National Savings Bank (NSB) said yesterday it demonstrated its mettle amidst challenges by recording a Profit after Tax (PAT) of Rs. 7.2 billion for the fiscal year ended December 31, 2023.

The government is considering the lifting of the ban on the importation of vehicles if the country's economy improves by next year, Finance State Minister Ranjith Siyambalapitiya said.

Despite the winter season coming to a close, Sri Lanka Tourism experienced an impressive surge in arrivals, with over 39,000 visitors recorded during the first week of April.

The government is venturing into public private partnership with suitable foreign investors for the manufacture of phosphate fertiliser making use of the Eppawala rock phosphate deposit in the North Central Province, Agriculture Minister Mahinda Amaraweera said.

Softlogic Life has launched ‘Annual Report Analyser’, Sri Lanka’s first AI-powered tool that analyses and interprets information from its annual report titled ‘Bigger, Better, Bolder’.

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