Development and Economic News
CEB records massive Rs. 61.2 billion profits last year
The Ceylon Electricity Board (CEB) has declared thumping profits for 2023, amounting to Rs. 61.2 billion for the Board and Rs. 75.7 billion for the group (which includes other investments), according to its unaudited interim financial statements for the year ended December 31.
Etihad boosts frequencies to Colombo from 1 May
Etihad Airways — the national carrier of the United Arab Emirates (UAE) will increase the frequency of flight operations to Colombo from 1 May 2024.
Tourism earnings in Jan.2024 record monthly highest at US$342mn
Sri Lanka’s earnings from tourism were estimated at USD 342 million in January 2024, the Central Bank’s latest report on external sector performance revealed.
Sri Lanka’s trade deficit widens in January amidst import increase
Sri Lanka’s trade deficit widened by $ 96 million to $ 541 million in January a year earlier fuelled by higher increase in imports aided by Government policies, latest data from the Central Bank showed yesterday.
Sri Lanka Tourism to launch inaugural roadshow in Australia
Fairfax converts Rs. 14.3 b worth debt into equity at JKH
Divestment of SriLankan Airlines under the hammer on March 05
Sri Lanka and India Discuss Key Energy Projects
Sri Lanka to offer new restructuring plan to bondholders
Sri Lanka sent a new restructuring proposal to dollar bondholders through its adviser Lazard as the South Asian nation seeks to complete overhauling its defaulted debt, according to people familiar with the matter.
Aitken Spence Logistics opens best-in-class Container Freight Station
Aitken Spence Logistics unveils its latest state-of-the-art Container Freight Station (CFS) to facilitate the growing requirements of the supply chain community in the region.