Development and Economic News

While revealing that the total value of non-performing loans of all 30 banks functioning in Sri Lanka currently is Rs 1.4 trillion, the State Minister of Finance Ranjith Siyambalapitiya assured that steps would safeguard the economy.

The National Housing Development Authority (NHDA) has launched a project, together with the Sri Lanka Bureau of Foreign Employment (SLBE), to construct houses for Sri Lankan nationals working abroad.

Sri Lanka is set to relax import restrictions on vehicles used for public transport

Sunday, 13 August 2023 12:38

Local egg to be sold at a price of Rs35

The Sri Lanka Association of Animal Production says local eggs can be sold at Rs. 35 if the government permits the importation of maize.

In a significant development, the Sri Lanka Tourism Development Authority (SLTDA) announced that the much-anticipated National Tourism Policy has received approval from the Cabinet of Ministers.

Following improved activity from the shippers to Iran following the ‘Tea for Oil’ agreement, this week’s Colombo Tea Auction saw increased demand for the better teas in the High and Mid Grown sector and Low Grown Small Leaf/Tippy teas.

Sri Lankan beverages company Ceylon Beverage Can Pvt Ltd, promoted by Muttiah Muralitharan, will set up a full-fledged plant in Mummigatti off Dharwad in Karnataka, Deccan Herald (DH) reported on Thursday.

Arkia Airlines, a well-established player in Israel’s aviation sector, has unveiled plans to launch the first-ever direct flights from Tel Aviv to Sri Lanka. The inaugural flight is scheduled for October 31.

India and Sri Lanka are giving a fresh impetus to the long-pending power grid connectivity between the two countries to trade electricity.

Sri Lanka's first potato strip (French Fries) processing factory, built in Kahattewela, Bandarawela, will be opened on Friday (11).

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