Maersk Halts Red Sea Shipping Amid Escalating Attacks by Houthi Rebels
Danish shipping giant Maersk has declared a temporary suspension of all voyages through the Red Sea due to a series
Sri Lanka Records 1.6% Economic Growth in Q3 2023 Amidst Positive Indicators
Official data released on Friday (Dec.15) reveals that Sri Lanka’s economy expanded by 1.6% in the third quarter (Q3) of
Cabinet of Ministers Approves Power Purchase Agreement with United Solar Group
In a significant development, the Cabinet of Ministers has given the green light to a proposal aimed at entering into
IMF Executive Board to Convene for First Review of Sri Lanka’s Extended Fund Facility
The Executive Board of the International Monetary Fund (IMF) is scheduled to convene on Tuesday (12) to deliberate on the
Japanese Government Donates 500 Million Yen Worth of Cutting-Edge Medical Equipment to Sri Jayawardenepura General Hospital
In a significant move to address non-communicable diseases (NCD) and reduce associated fatalities in Sri Lanka, the Japanese government has
Sri Lanka’s Merchandise Exports Experience a 14.6% Decline to USD 898.0 Million in October 2023
Sri Lanka’s merchandise exports encountered a notable downturn, registering a 14.6% decrease to USD 898.0 million in October 2023 compared
Sri Lanka Launches Visa-Free Regime for Select Countries as Tourism Rebuilding Initiative
The Department of Immigration and Emigration has officially announced the implementation of a free visa regime for nationals of China,
IMF Applauds Sri Lanka-China Exim Bank Agreement as Positive Step in Debt Restructuring
The International Monetary Fund (IMF) has lauded the agreement between Sri Lanka and the Export-Import Bank of China (Exim Bank)
RM Parks Inc. Inks $110 Million Deal with Board of Investment to Introduce Shell Products in Sri Lanka
RM Parks Inc., a prominent U.S. petroleum products distributor, has formalized an agreement with the Board of Investment (BOI) for
COPA Initiates Probe into Under-Invoicing of Coal Stocks for VAT Evasion
The Committee on Public Accounts (COPA) has announced its intention to launch an investigation into instances of under-invoicing of coal