Development and Economic News

The Employees Provident Fund (EPF), Sri Lanka’s largest superannuation fund, was the predominant holder of Government Treasury Bonds at the end of 2022, according to PublicFinance.lk.

In a significant development, Alliance Air has commenced daily commercial flights between Chennai and Sri Lanka’s Jaffna city, taking travel and trade between the two countries to new heights.

Sri Lanka cruise tourism industry is projected to continue to grow with large number of travellers expected to cruise, this year .

Sri Lanka’s banking sector is now saddled with additional pressure from the ever increasing non-performing loans given to covid-19 hit businesses and individuals under government’s relief scheme, finance ministry data underlined.

With the resumption of train services between Colombo Fort and Kankesanturai (KKS) on the northern railway line, the renovated section from Anuradhapura to Omanthai wll be open to the public from today, the Railways Department said.

Cinnamon Air, Sri Lanka’s premier domestic airline, recently launched scheduled flights to Jaffna, which will provide travellers with easy access to the most popular city in the northern region of the island along with an exceptional travel experience.

  • Says makes no difference to SL if India becomes a common currency
  • Stresses India and SL should embark on a transformative journey together
  • Points out need for SL to become more open to outside world

Saudi Arabia on Wednesday (July 12) launched the Skill Verification Program (SVP) in Sri Lanka as part of a scheme to attract more skilled workers from the island nation, foreign media reported.

The Committee on Public Enterprises (COPE) has discovered that the online auctioning system for coconut harvests, introduced with the aim of demolishing the monopoly Mafia has been opposed and obstructed as a result of the agenda of the brokers.

Following a series of public complaints received the National Medicines Regulatory Authority (NMRA) is to start probing several leading private hospitals in Colombo for billing its patients with exorbitant rates for common drugs, which has maximum retail prices.

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