Sri Lankan President Anura Kumara Dissanayake met with Sheikh Abdullah bin Mohammed Al Qasimi, CEO of Master Investment Group and a prominent figure in Ras Al Khaimah, at the Jumeirah Beach Hotel in Dubai.
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Remittances from Sri Lankans working abroad have continued to be strong providing much needed heft for the country’s strengthening external sector and thereby the broader economy.
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The Coconut Cultivation Board has announced plans to reorganize the Kapruka Fund Management Board Societies as part of efforts to expand coconut cultivation across the country.
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Sri Lankan seafarers are in high demand internationally and there should be a proper mechanism for catering to that ever increasing demand, Seraya Shipping Private Limited and Serayav Maritime Service Limited Founder and Managing Director Sujeewa Senaratne said.
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Construction sector continued to expand their activities through December 2024, extending their months-long expansion as reflected by the sector Purchasing Managers’ Index (PMI) for the month.
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Sri Lanka Purchasing Managers’ Index (PMI) for construction stood at 51.4 in December 2024, indicating a continued expansion in construction activities.
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The Sri Lankan government has officially lifted the temporary suspension on vehicle imports, which had been in effect since early 2020, through Gazette Extraordinary Notification No. 2421/44, dated January 31, 2025.
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Cabinet Spokesperson Minister Dr. Nalinda Jayatissa stated that the government has no intention of lifting the price control on rice.
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The Central Bank says that headline inflation deviation from the target in the second and third quarters of 2024 was due to transitory supply-side factors, especially significant reductions in energy prices.
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Sri Lanka Railways announced plans to introduce new train services to enhance tourism in the country, starting from February 01.
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