SL Audit exposes Rs. 2.66 b loss in electric vehicle permit scheme
The National Audit Office has uncovered significant financial losses amounting to Rs. 2.66 billion and a systemic mismanagement in the former administration’s electric vehicle import
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Coconut production dropped 17.8-pct in September
Coconut production in Sri Lanka declined by 17.8 percent in September this year compared to September 2023, central bank data showed.
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SL Vote on Account’s Revenue gains to fall short of spending increase
On 6 December, Parliament approved the 2025 Vote on Account (VOA) without a vote, allocating funds for government spending in the first four months of the year,.
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Sri Lanka, India plan second ferry connection
Sri Lanka and India have discussed resuming a second passenger ferry service between the island and the sub-continent during President Anura Dissanayake’s state visit.
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Sri Lanka’s bondholders sign off on USD 12.55 billion debt overhaul
Sri Lanka’s bondholders signed off on the government’s proposal to restructure its $12.55 billion of international bonds, a key step in finalising the island nation’s debt rework.
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India to supply LNG for Sri Lanka’s power plants
India plans to supply liquefied natural gas to Sri Lanka’s power plants and will work on connecting the power grids of the two countries as well as lay a petroleum pipeline between the neighbours,
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Doing business ecosystem gains momentum in Sri Lanka
Finance and Planning Deputy Minister Dr. Harshana Suriyapperuma recently visited the Board of Investment (BOI) and conducted the first meeting with senior management.
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Gem industry struggles amidst high taxes, illegal practices
The Central Bank of Sri Lanka (CB), through its Financial Intelligence Unit (FIU),
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Government to discuss Mihin Lanka financial liabilities this week
The controversial budget airline launched during the previous Mahinda Rajapaksa administration, Mihin Lanka’s financial liabilities are set for discussion this week,
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Sri Lanka welcomes over 1.9 m tourists, eyes record-breaking year
Sri Lanka Tourism Development Authority (SLTDA) Chairman Buddhika Hewawasam on Saturday said the sector is on track to end 2024 on a high,
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