Development and Economic News
No urgency for Sri Lanka to raise funds from int’l capital markets: CB chief
Says SL’s access to int’l capital markets expected to be restored soon, but govt. may not explore this option
August records second highest monthly tourist arrivals so far this year
- SL welcomes 138,405 international tourists in August
- January-August arrivals recorded at 904,318
Fuss over availability of contact lens and surgical delays
Health officials have made conflicting statements regarding the availability of contact lenses within the hospital system, as well as the potential for delays in surgeries
National Hydrogen Roadmap launched for SL Green Energy revolution
In a bid to achieve a sustainable and greener future, the Power and Energy Ministry unveiled the National Hydrogen Roadmap last week.
Largest Chinese shipping company to provide jobs for SL seafarers
One of the world's largest shipping companies 'Far Shipping' has agreed to provide employment opportunities for Sri Lankan trained seafarers, Ports, Shipping and Aviation Minister Nimal Siripala de Silva said.
Digital Nomad Visa to boost tourism industry
In a proactive move to bolster the tourism sector and attract a new wave of remote workers, the Cabinet of Ministers has given its seal of approval to a range of visa programs, including a novel offering known as the “Digital Nomad Visa” (DNV).
Govt. to re-impose standard VAT with efficient refunding mechanism
The Finance Ministry is set to introduce an efficient and proper refunding mechanism consequent to the removal of the Simplified Value Added Tax (SVAT) system reverting to the normal VAT scheme.
Power Sector Reforms Secretariat functions with JICA funding
Sri Lanka’s Power Sector Reforms Secretariat (PSRS) is now functioning at the Power and Energy Ministry to kick-start the Ceylon Electricity Board (CEB) restructuring process next month.
SriLankan Airlines takes beauty of Jaffna to the world
National carrier’s latest global promotions endeavour spotlights country’s vibrant north
Sinopec introduces competitive prices shaking up fuel market
Sinopec Energy Lanka yesterday announced revised fuel prices, but with a competitive edge over other two established players in the market — Ceylon Petroleum Corporation (CEYPETCO) and the Lanka Indian Oil Corporation (LIOC).