Development and Economic News
Workers’ remittances up 14% to US$ 963.7 m in first two months
Workers’ remittances inflow in the first two months has increased by 14.1% to $ 963.7 million, the latest Central Bank data revealed.
Over 40,000 visitors arrive in Sri Lanka in first six days of March
Sri Lanka Tourism has welcomed over 40,000 tourists in the first six days of the month, pushing the cumulative figure to 467,480.
Foreign reserves expand reaching US$ 4.5bn in February
Official reserves in February reach US$ 4,517 mn, up from US$ 4,496 mn in January
Indian companies to enter mineral mining in Sri Lanka
Major Indian companies are to enter critical mineral mining in Sri Lanka taking advantage of the new national policy on mineral resources aimed at attracting foreign investors and/or technology holders to establish joint ventures with Sri Lankan partners.
Half number of girls, women do not include sanitary napkins in household expenditures
Due to the affordability of sanitary napkins half the number of girls and women in Sri Lanka do not include sanitary napkins in their household expenditures, the Advocata Institute said.
Government pays over Rs. 2.5 billion annual rent for public institutions vehicles
More than Rs. 2.5 billion is paid annually as rental for vehicles acquired by government agencies.
Gold prices surge to fresh record high
Gold prices surged to a fresh record high on Friday as data showing a rise in the U.S. unemployment rate boosted expectations that the Federal Reserve could begin cutting interest rates soon.
Workers’ remittances and tourism earnings up in February 2024
Sri Lanka saw a notable increase in workers’ remittances and a boost in tourist arrivals in February 2024, the Central Bank of Sri Lanka (CBSL) says.
Posts Department aims Rs.21 billion revenue for 2024
Sri Lanka’s Posts Department said it is hoping to record a revenue of Rs.21 billion for 2024 and operate as a self-sustaining institution that is independent of Treasury funds.
Posts Department aims Rs.21bn revenue for 2024
Sri Lanka’s Posts Department said it is hoping to record a revenue of Rs.21 billion for 2024 and operate as a self-sustaining institution that is independent of Treasury funds.