“”Tax Trap Tiles: Importers, Consumers Bear the Brunt of Protectionism”
- 5opn1
- January 20, 2025
- Business News
- ""Tax Trap Tiles: Importers
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News of the day
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Beira Lake gets a fresh start
- 5opn1
- January 18, 2025
- Constructions
- Beira Lake gets a fresh start
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The Beira Lake in Colombo is undergoing a much-needed cleanup operation. Workers and volunteers are coming together to remove debris, clear invasive plants, and restore its natural beauty.
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Sri Lanka renews $1.4 bln worth Chinese Yuan currency swap
- 5opn1
- January 17, 2025
- Banking and Financial
- Sri Lanka renews $1.4 bln worth Chinese Yuan currency swap
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Sri Lanka has renewed a $1.4 billion worth Yuan currency swap with China during the official Beijing visit of President Anura Kumara Disanayake, a joint statement by the both countries said.
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Govt. announces relief measures for SME loan repayments
- 5opn1
- January 17, 2025
- Banking and Financial
- Govt. announces relief measures for SME loan repayments
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The government has planned a relief package to provide concessions to small and medium-scale enterprises (SMEs) facing difficulties in repaying loans.
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Sri Lanka central bank launches digital payments promotion
- 5opn1
- January 17, 2025
- Banking and Financial
- Sri Lanka central bank launches digital payments promotion
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Sri Lanka’s central bank has launched a digital payments promotion campaign in Hambantota, it said in a statement.
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Local palm oil industry set to save US$84 million annually.
- 5opn1
- January 17, 2025
- Business News
- Local palm oil industry set to save US$84 million annually.
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Sri Lanka’s palm oil industry, if strengthened, can save $ 84 million in foreign exchange, and enable smallholders to enter into international value chains through value added palm oil production, AEN Plantations CEO Ruwan Goonewardena disclosed.
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Trincomalee Oil Tank Farm and Port Development: to boost foreign exchange
- 5opn1
- January 15, 2025
- Investment
- Trincomalee Oil Tank Farm and Port Development: to boost foreign exchange
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News of the Day In line with the new government’s energy policy and plan, significant efforts are underway to generate substantial foreign exchange for the country through the development of the Trincomalee Oil Tank Complex.
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Stinking Beira Lake Joint cleaning project to kickoff today
- 5opn1
- January 15, 2025
- Constructions
- Stinking Beira Lake Joint cleaning project to kickoff today
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The stinking odor and the garbage mounting problem of the Colombo’s tourism hotspot Beira Lake near the Gangaramaya Seema Malaka, which repulses hundreds of foreign and local tourists that visit every day to witness a mesmerizing sunset, has finally won attention of the authorities to kickoff with a cleaning project today.
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Sri Lanka’s south coast crowned as winter’s hottest travel destination
- 5opn1
- January 14, 2025
- Travel and Tourism
- Sri Lanka’s south coast crowned as winter’s hottest travel destination
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In a dazzling spotlight on Sri Lanka’s allure, Vogue has names the island’s south coast as the must-visit destination this winter, capturing the hearts of wanderers with its unspoiled beaches, vibrant wildlife, tranquil tea estates and immersive cultural experiences.
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Central Bank charts path to stability and growth in 2025 and beyond
- 5opn1
- January 14, 2025
- Banking and Financial
- Central Bank charts path to stability and growth in 2025 and beyond
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The Central Bank (CB) last week unveiled an ambitious policy agenda: inflation stabilisation, a fostered economy, and financial stability for 2025 and beyond. The CB is envisaging a more forward-looking and data-driven approach to monetary policy formulation through enhancing the macroeconomic modelling setup and alternative frameworks.
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