Sri Lanka’s tourism sector continues to thrive as it surpasses the significant milestone of 700,000 tourist arrivals, demonstrating the country’s resilience and allure as a favoured holiday destination.

Governor of the Central Bank of Sri Lanka (CBSL) has urged licensed commercial banks to take immediate measures to adequately reduce lending rates in view of the recent reduction of policy interest rates.

A 50 MW solar power plant proposed for Sampur, following the cancellation of the controversial coal power plant, is yet to commence construction due to the delay in finalising the energy transmission line and Power Purchasing Agreements (PPAs),

Sri Lanka Buddhist temples and pirivena schools will get a relief from paying high electricity bills following the government's decision to install solar power units at these places of religious worship.

Indian Foreign Secretary Vinay Mohan Kwatra said land connectivity between India and Sri Lanka was proposed by Sri Lankan President Ranil Wickremesinghe.

Sri Lanka and India are expected to take decisions regarding connectivity dimensions in maritime, air, energy and trade domains, an authoritative source said.

Sri Lanka stands a strong chance of passing the first review of its $3 billion bailout given falling interest rates and a build-up of foreign reserves, according to the nation’s representative on the International Monetary Fund executive board.

The Sri Lankan government and World Bank, European Union (EU) and Agence Française de Développement (AFD) have recently signed financing agreements to help strengthen Sri Lanka’s management of public finances.

In its bid to revive the economy in the long run, Sri Lanka has initiated steps to join the world's largest free trade zone called 'Regional Comprehensive Economic Partnership (RCEP) ', a trade grouping of countries including key world economies such as China, Australia and Japan.