Sri Lanka’s apparel export earnings could slump by $1 billion this year, a top industry expert said on Wednesday, as slowing global demand hits the crisis-hit South Asian country.

Foreign Minister Ali Sabry said Sri Lanka will likely see $ 7 billion inflows in multilateral and bilateral funding over four years, as the country had once again secured its confidence over the world post-IMF deal.

UNIDO is implementing several socio economic development projects in Sri Lanka with European Union Funding

SriLankan Airlines has recorded a net profit of $ 3 million for the financial year 2022-23, for the first time the airline after Emirates left the management in 2008, the airline disclosed to the Committee on Public Enterprises (COPE).

Sri Lanka's first organic sour banana harvest is to be exported to the Dubai market in the next few days, the Agriculture Ministry said in a media release.

The Northern Province Governor’s Office, International Labour Organisation (ILO) and Ernst & Young (EY) collaborated to organise stakeholder meetings on generating investment-driven growth in the Northern Province.

Prime lending rate falls by 204 basis points to settle at 21.74%

It has fallen cumulative 550 basis points since the end of last year

As the first Sri Lankan envoy to undertake an official visit to Okinawa, Ambassador E. Rodney M. Perera called on the Governor of the Prefecture of Okinawa in Naha, Denny Tamaki, in order to establish fruitful links of cooperation between Sri Lanka and Okinawa.

The Department of Census and Statistics yesterday said that inflation in Colombo has dropped to 35.3 percent in April.