Development and Economic News

Tourist arrivals to Sri Lanka fell below the 100,000 mark for the first time this year due to the drop in momentum in the month of May,

The Government has widened the tax net making it mandatory for professionals belonging to 14 categories to register themselves with the Inland Revenue Department.

Sri Lanka Tourism Alliance (SLTA) said yesterday its destination consumer marketing campaign had reached new heights.

Sri Lanka and the International Monetary Fund (IMF) have looked at strengthening financial governance in Sri Lanka.

Sri Lanka plans to start direct flights between Colombo and the Turkish city Istanbul, the Ministry of Ports, Shipping and Aviation said in a statement on Tuesday.

The Deputy High Commissioner of Sri Lanka, Dr. D. Venkateshwaran met with Padma Bhushan ‘Superstar’ Rajinikanth, a renowned actor from South India, at his residence on Monday (May 29).

The signing of the agreement to extend the USD$ 1,000 million assistance scheme from India for the import of essential materials for a further period of one year has been carried out today (May 30), says Minister of Finance Shehan Semasinghe.

Sri Lankans living overseas can apply for a new passport or renew their passport online from 01 June, the Parliament Sectoral Oversight Committee on International Relations was told.

Sri Lanka’s merchandise exports plunged 16.5 percent year-on-year (YoY) to US $ 814.1 million in April, bringing the cumulative export earnings for the first four months of 2023 to US $ 3.81 billion.

In a novel change in local tourism industry , Thaala Bentota, formerly known as Avani Bentota resort , unveils its rebranding, marking a new era of excellence in Sri Lankan hospitality.

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