Sri Lanka targets 3 million tourists in 2025 amid economic recovery
Sri Lanka is poised to make a significant leap in its tourism industry, aiming for 3 million tourist arrivals in 2025. This ambitious target comes on the heels of a projected 2.1 million visitors in 2024 as the nation steadily recovers from the economic challenges it faced in recent years.
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Higher taxes and economic growth drive SL’s budget surplus
Sri Lanka’s budget is getting into fine shape with substantially higher revenues made possible from higher taxes which are further supported by the robust recovery seen in the economy this year.
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Home Lands to build Sri Lanka’s first tourists resort apartments
In a significant stride toward redefining modern living spaces, Home Lands Skyline Ltd., has announced the successful acquisition of 5A 0R 24.50P of premier land located in Negombo.
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Government opens Tenders for salt imports today to tackle shortage
The Government has taken steps to open tenders for the import of 30,000 metric tonnes (MT) of salt from today (3).
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BOI attracts US$ 608 million in foreign investments in 2024
Sri Lanka’s Board of Investment (BOI) signed 74 projects in 2024, with an estimated investment of US $ 608 million, with the second half of the year showing slow growth, the Finance Ministry said.
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Sri Lanka Ports Authority achieves record high throughput
The Sri Lanka Ports Authority (SLPA) reached a historic 2.41 million Twenty-foot Equivalent Units (TEUs) in throughput, marking its highest-ever performance.
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Distribution of Dry Rations to 500 Affected Farmers in Nuwara Eliya (Photo)
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CNL Reporter
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January 3, 2025
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Business News, News
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0 Comments
In recent days, adverse weather conditions in Sri Lanka severely impacted vegetable farmers in the Nuwara Eliya District, leaving them in a desperate situation. Particularly in areas such as Kandapola, Magasthota, and Shanthipura, small-scale farmers faced the complete destruction of their farmlands.
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Sri Lanka’s exports and imports decline in November 2024
Sri Lanka’s Both exports and imports suffered a dip month-on-month (M-o-M) in November,
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Government. Urged to reduce VAT on salmon
The Canned Fish Manufacturers’ Association of Sri Lanka (CFMASL) has requested the government to reduce the Value Added Tax (VAT) imposed on salmon.
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SME paddy businesses to get pledge loans at concessional rates
The Cabinet of Ministers has greenlighted the proposal to implement the Pledge Loan Scheme provided to small and medium scale paddy mill owners for purchasing paddy as an annual proramme.
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