Reserve Expansion Surpasses US$ 5 Billion Milestone in April, Highest in Over Three Years
Sri Lanka’s gross official reserves have surged past the US$ 5.0 billion mark for the first time since December
President’s Fund Introduces Two New Scholarship Programs Following Presidential Directives
President’s Fund Initiates Two New Scholarship Programs in Accordance with Presidential Directives Scholarships for Monks, Nuns, and Lay Students Pursuing
Parliament Passes The Recovery of Loans by Banks (Special Provisions) (Amendment) Bill Without Amendments
On Tuesday, the 7th of May, Parliament passed the amended Recovery of Loans by Banks (Special Provisions) (Amendment) Bill without
Emirates to Introduce A350 Aircraft on Colombo Route from September 2024
Emirates Airlines announced yesterday that Colombo will be among the initial destinations served by its new A350 aircraft, set to
Government Approves Development of 484 Megawatt Wind Power Stations in Mannar and Pooneryn
The government has given the go-ahead for the development of 484 Megawatt wind power stations in Mannar and Pooneryn, marking
IFC Signals Commitment to Supporting Sri Lanka’s Reforms and Growth Agenda
Concluding a two-day visit, Riccardo Puliti, IFC’s Vice President for Asia Pacific, affirmed IFC’s dedication to backing Sri Lanka’s ongoing
Sri Lanka’s Official Reserve Assets Surge to USD 5.43 Billion in April 2024
In April 2024, Sri Lanka’s official reserve assets witnessed a notable 9.6% increase, reaching USD 5.43 billion, compared to USD
Arrivals Drop Below 150,000 Mark in Sri Lanka Tourism
In April, Sri Lanka’s tourism sector experienced a slowdown, as the number of international visitors fell below the 200,000 mark
Japan’s Decision Casts Uncertainty on Relaunch of Colombo Light Rail Project
Even after the conclusion of Sri Lanka’s debt restructuring process, uncertainty shrouds the relaunch of the Japan-financed light rail project
NBRO Commences Installation of Equipment to Address Water Trapped in Karandagolla, Ella
The National Building Research Organization (NBRO) has initiated the installation of equipment aimed at alleviating water accumulation in the Karandagolla