The Sri Lankan economy has shown significant signs of recovery in the first half of 2024, with notable improvements in real Gross Domestic Product (GDP) growth, tax revenue, inflation, and foreign currency reserves.

Government spending has increased by 5.4% to Rs. 3,476.9 billion in the first eight months of 2024 compared to Rs. 3,297.3 billion during the same period last year, according to a pre-election budget report.

A fire broke out in a house in Sinhapura, Chilaw on Saturday (19) night, resulting in the tragic death of a family of three.

Sri Lanka Customs officers have arrested a Sri Lankan passenger arriving from Malaysia while in possession of over 10 kilograms of ‘Ice’ (crystal methamphetamine), estimated to be worth around Rs. 250 million, at the Bandaranaike International Airport (BIA) in Katunayake.

President Anura Kumara Dissanayake reviewed the Central Expressway project during a discussion with the Ministry of Transport, Highways, Ports, and Civil Aviation at the Presidential Secretariat.

Sri Lanka’s micro, small and medium enterprises (MSMEs) have called on the new administration to implement key reforms in MSME financing within the next 60 days, including waivers on interest for the struggling businesses.

Sri Lanka new government is to purchase a debt management software system to manage public debt, the Government said.

Sri Lanka’s new government has abandoned plans to sell the debt-ridden national airline SriLankan Airlines, but will restructure it for a more profitable future.

Sri Lanka’s financial system is on the path to improvement, with expectations of enhanced asset quality and stronger capital buffers, according to the Central Bank of Sri Lanka (CBSL) in its Financial Stability Review 2024.