President Ranil Wickremesinghe, who is in Australia on a state visit, has met with the Sri Lankan Diaspora in Perth.

Canwill Group ventures include a 47-story hotel project consisting of 458 rooms and 100 serviced apartments built to Grand Hyatt specks in Colombo 3 and construction of a luxury beach resort on 9.42 acres of beachfront land in the southern city of Hambantota

In a bid to boost economic growth whilst prioritising social and environmental welfare, Sri Lanka is embarking on a journey to promote Inclusive and Sustainable Businesses (ISBs).

Sri Lanka has approved gradually lifting some limits on converting rupees to foreign exchange for outward remittances and the new directions will be presented to parliament for approval, cabinet spokesperson Bandula Gunawardane said on Tuesday.

The Government of Japan has agreed to provide project support of Japanese Yen 230 million (around Rs. 2.8 billion) through the Japan International Cooperation Agency (JICA) for the provision of electricity facilities for 3 hospitals.

Sri Lanka is now on its way towards digital transformation via organisational overhauling driven by technology to enter onto the global stage, Technology Minister Kanaka Herath said.

The Ministry of Power and Energy will call for Expressions of Interest (EOIs) internationally from interested strategic investors for the joint development of the Trincomalee Oil Tank Farm in partnership with the Trinco Petroleum Terminal Ltd. (TPTL).

Sri Lanka will not agree with any debt relief proposal from bondholders that is not consistent with the debt sustainability (DSA) targets of the International Monetary Fund (IMF), Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe said.

The Government has decided to establish a new statutory body, the Investment Infrastructure Facilities Corporation.