Sri Lanka Tourism Development Authority (SLTDA) Chairman Priantha Fernando on Friday formally notified the General Managers of Colombo City hotels about the introduction of Minimum Room Rates (MRR) from 1 October 2023 ending speculation about a possible deferment due to protest by tour operators.

The government mulls the liquidation of certain institutions under its programme for restructuring state-owned enterprises (SOEs), a top source said.

Following a research, the Agriculture Department has found two new varieties of pomegranates which give higher yields that can be successfully grown in Sri Lanka.

Sri Lanka’s gross domestic product has contracted 3.1 percent in the second quarter of 2023 against the same quarter last year, with steep falls in construction, financial services and manufacturing, Census and Statistics Department reveled inits latest report.

Sri Lanka fulfills 38 of the 57 IMF commitments due for August in its 17th programme with the International Monetary Fund (IMF),
The progress on 11 commitments remains “unknown”, while eight are now classified as “not met”.

Oil prices climbed yesterday to their highest this year, as expectations of tighter supply outweighed worries about weaker economic growth and rising U.S. crude inventories.

Government will implement a program to recycle garbage and petroleum waste at a recycling plant to be seet up at Kerawalapitya environmental conservation park beig developped at present, ministr of urban development Prasanna Ranatunge said.

Sri Lanka’s central bank has identified informal money remitters who transfer money through hawala and undiyal possessing high-risk in the island nation’s money laundering activity.

Sri Lanka has welcomed over 46,000 tourists in the first two weeks of September, the provisional data from the Sri Lanka Tourism Development Authority showed.