Development and Economic News

The Committee on Public Finance has presented its report on the Central Bank Of Sri Lanka Salary Revision to the Parliament.

Inter-ministerial tourism committee will be appointed to enhance coordination and maximising the potential of the thriving tourism sector.

Amid the country's high cost of living, there's an increased risk of individuals falling prey to ongoing scams and cyber frauds as more people are desperately resorting to earning quick money, the Sri Lanka Computer Emergency Readiness Team (SLCERT) said.

The Asian Development Bank (ADB) announced yesterday the launch of a new country partnership strategy (CPS) for Sri Lanka spanning 2024–2028. The strategy aims to restore the country’s macroeconomic stability, revive growth, and lay the groundwork for sustainable recovery and resilience.

Global Conversions, a leading Sri Lankan-owned company specialising in automobile re-engineering, has achieved a remarkable milestone in the automotive industry, with successful conversion of the world’s first Hummer EV SUV to right-hand drive.

The number of airlines operating flights to Sri Lanka has steadily increased over the years post-pandemic, indicating a significant interest in the country as a tourist destination.

The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change.

The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change.

Sri Lankans residing in Italy are facing a challenge due to the temporary suspension of the system of converting the Sri Lankan driving license to an Italian driving license.

Sri Lanka will be renting underperforming State Plantations to private firms for export-focused Agriculture

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