Sri Lanka to develop new nation branding tourism strategy
Sri Lankan authorities are bringing together all stakeholders in tourism at a conference in January to finalise a nation branding strategy to propel the industry which is enjoying a period of growth, officials said.
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BOC partners Sri Lanka Post to revolutionise banking access
The Bank of Ceylon (BOC) and Sri Lanka Post have entered a ground-breaking partnership to reshape the accessibility of banking services across Sri Lanka.
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Millers agree to supply rice at controlled price to market
Rice millers have agreed to supply 200,000 kilograms of rice daily to the market through the ‘Lanka Sathosa’, at a controlled price effective from today (04),
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Fraudulent Vehicle Imports incur a loss Rs. 3 Billion in tax revenue
Behind the News
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UK-Sri Lanka Trade Mission Boosts Opportunities for Women Entrepreneurs
The UK-Sri Lanka Trade Mission, held from December 2-6 under the UK-funded SheTrades Commonwealth+ Program, is strengthening economic ties between the two nations while spotlighting women-led businesses.
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Sri Lanka’s Debt Restructuring gains momentum
Sri Lanka’s efforts to address its debt crisis have gained significant momentum as bondholders representing the country’s US $12.55 billion in International Sovereign Bonds (ISBs) have committed to debt restructuring.
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Sri Lanka to expand blue economy with marinas in 21 fishery harbours
Sri Lanka has untapped potential in marine linked activities, with 1,340 kilometres of coastline and two seasons that allow year-round action, and can be expanded into a billion US dollar industry quickly, an industry official said.
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Sri Lanka’s Inflation Remains Negative for Third consecutive Month
Sri Lanka’s headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100), remained in negative territory for the third consecutive month, recording a deflation of 2.1% in November 2024.
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Vehicle importer opens registrations ahead of import ban lift
Since the government has approved the resumption of vehicle imports, a leading vehicle importer has started registering individuals interested in purchasing new vehicles once the restriction on private vehicle imports is lifted.
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Central Bank expects the end of deflation by second quarter 2025
The Assistant Governor of the Central Bank of Sri Lanka (CBSL), Dr. Chandranath Amarasekara says that they do not expect the deflation to continue for a long time to have an impact on country’s production.
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