The UK-Sri Lanka Trade Mission, held from December 2-6 under the UK-funded SheTrades Commonwealth+ Program, is strengthening economic ties between the two nations while spotlighting women-led businesses.
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Sri Lanka’s efforts to address its debt crisis have gained significant momentum as bondholders representing the country’s US $12.55 billion in International Sovereign Bonds (ISBs) have committed to debt restructuring.
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Sri Lanka has untapped potential in marine linked activities, with 1,340 kilometres of coastline and two seasons that allow year-round action, and can be expanded into a billion US dollar industry quickly, an industry official said.
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Sri Lanka’s headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100), remained in negative territory for the third consecutive month, recording a deflation of 2.1% in November 2024.
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Since the government has approved the resumption of vehicle imports, a leading vehicle importer has started registering individuals interested in purchasing new vehicles once the restriction on private vehicle imports is lifted.
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The Assistant Governor of the Central Bank of Sri Lanka (CBSL), Dr. Chandranath Amarasekara says that they do not expect the deflation to continue for a long time to have an impact on country’s production.
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Addresses 59th Anniversary of THASL, urges tourism sector to build financial buffers and reduce reliance on Govt. interventions during crises Stresses on need for stakeholders to learn from past vulnerabilities and prepare for future disruptions Calls on industry to capitalise on opportunities, as country benefits from more stable political and economic environment
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The Ceylon Petroleum Corporation (Ceypetco) has announced a revision of fuel prices, effective from midnight yesterday.
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Japan will consider new projects in Sri Lanka only after examining any request from the Sri Lankan authorities and its economic status first, the Japanese Embassy said yesterday.
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Agrarian Organisations in the Central Province warned that the already soaring prices of vegetables would further increase due to the prevailing heavy rain and floods, which have caused crop devastation.
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