Sri Lanka central bank’s net foreign assets rose to about 310 million US dollars in November 2024, official data show, as it bought foreign exchange outright through deflationary policy and also settled reserve related liabilities.
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The highly delayed operational expansion of the Jaya Container Terminal (JCT) is affecting operations at the Colombo Port while doubling the building cost along with the procurement of new gantry cranes.
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The Sri Lanka Institute of Nanotechnology (SLINTEC) recently unveiled the revolutionary development and delivery of a groundbreaking oil-absorbing material based on graphene, designed to tackle large-scale oil spills with unprecedented efficiency.
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Recognized by the BBC as the ninth destination on its prestigious list of “The 25 Best Places to Travel in 2025,” Sri Lanka continues to capture the imagination of travelers worldwide.
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The transshipment volumes handled by the Port of Colombo jumped by 9.7 percent year-on-year (YoY) to a record high of 6.31 million 20-foot equivalent units (TEUs) in 2024, with the transshipment volumes accounting for 81 percent of the port’s container throughput during the year.
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Sri Lanka’s new food regulation, mandating an 80 percent extraction rate for wheat flour has raised serious concerns across the industry, with stakeholders warning that its immediate roll-out could alter consumption patterns, and in turn have adverse effects on key sectors.
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