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SL Audit exposes Rs. 2.66 b loss in electric vehicle permit scheme

  • CNL Reporter
  • December 19, 2024
  • Business News
  • SL Audit exposes Rs. 2.66 b loss in electric vehicle permit scheme
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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

  • CNL Reporter
  • December 18, 2024
  • Business News
  • Coconut production dropped 17.8-pct in September
  • 0 Comments

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

  • CNL Reporter
  • December 18, 2024
  • Banking and Financial
  • SL Vote on Account’s Revenue gains to fall short of spending increase
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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

  • CNL Reporter
  • December 17, 2024
  • Business News
  • India plan second ferry connection, Sri Lanka
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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

  • CNL Reporter
  • December 17, 2024
  • Business News
  • Sri Lanka’s bondholders sign off on USD 12.55 billion debt overhaul
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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

  • CNL Reporter
  • December 17, 2024
  • Investment
  • India to supply LNG for Sri Lanka’s power plants
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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

  • CNL Reporter
  • December 17, 2024
  • Business News
  • Doing business ecosystem gains momentum in Sri Lanka
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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

  • CNL Reporter
  • December 17, 2024
  • Business News
  • Gem industry struggles amidst high taxes
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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

  • CNL Reporter
  • December 16, 2024
  • Business News
  • Mihin Lanka’s financial liabilities are set for discussion this week, The controversial budget airline launched during the previous Mahinda Rajapaksa administration
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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

  • CNL Reporter
  • December 16, 2024
  • Travel and Tourism
  • eyes record-breaking year, Sri Lanka welcomes over 1.9 m tourists
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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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