Sri Lanka is set to be removed from the International Monetary Fund’s (IMF) surcharge list of countries, once the multilateral lender’s latest lending reforms come into effect from November 1 of this year.
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A new online method has been introduced for the collection of passports starting from November 06, 2024., according to the Department of Immigration and Emigration.
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The Public Utilities Commission of Sri Lanka (PUCSL) has asked the Ceylon Electricity Board (CEB) to submit a revised proposal for electricity tariff reductions, stating that the initially proposed tariff reduction is inadequate.
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In the future, no opportunity will be provided to recover expenses from people for illegally built filling stations, Ceylon Petroleum Storage Terminals Limited (CPSTL) Chairman D.J.A.S De S. Rajakaruna said.
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Sri Lanka is on pace to surpass its ambitious goal of attracting 2.3 million tourists this year, marking significant growth from the over 1.4 million tourists it welcomed in 2023.Growing closer to Sri Lanka’s target of attracting 2.3 million tourist arrivals in 2024, the country had already welcomed 1,620,715 arrivals by October 2024, indicating a positive momentum in tourism.
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The Cabinet of Ministers on Monday approved awarding the contract to OQ Trading Ltd., for the supply of Liquefied Petroleum Gas (LPG) to Litro Gas Lanka Ltd., in 2025.
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Presidential Advisor Prof. Anil Jayantha claimed that the majority of debt borrowed (86%) between 27 September and 15 October was used to service existing debt obligations.
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The Ministry of Finance, Economic Development, Policy Formulation, Planning, and Tourism has revealed that Sri Lanka’s external debt reached a staggering USD 37.5 billion by the end of June 2024.
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McDonald’s has not yet listed Sri Lanka among the countries where it is open to seek a new franchisee.McDonald’s and its former Sri Lankan franchise had recently entered a legal settlement mutually ending their relationship.
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The Board of Directors of Sri Lanka Telecom PLC has resolved to appoint Dr. Mothilal de Silva, as an Independent, non-Executive Director and Chairman of the Board of Sri Lanka Telecom PLC with effect from 04 November 2024.
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