Features

The Cabinet of Ministers approved the proposal made by Higher Education, Technology and Innovation Minister to take necessary measures to attract foreign and non-residential students to pursue higher education in Sri Lanka, with the intention of making Sri Lanka an Education Hub in the region,…

The Central Bank of Sri Lanka is to issue directives to the banking sector on the concessionary loan package proposed by the government to uplift Small and Medium Scale Enterprises (SMEs) with a faulted business having failed to repay their loans. The concessionary loan package was proposed under…

Sri Lanka Tourism with the assistance of several other ministers will redevelop Hamilton canal, (Dutch Canal) a 14.5 km (9 mi) canal connecting Puttalam to Colombo, passing through Negombo in Sri Lanka said State Minister of Tourism Promotion Arundika Fernando yesterday. The canal was constructed by…

A master plan for developing industries around Sri Lanka's southern Hambantota Port is on the horizon, says Ravindra Jayawickrema, CEO of Hambantota International Port Services (HIPS) which is a subsidiary of port operator Hambantota International Ports Group (HIPG). Jayawickrema told Xinhua in an…

Sri Lanka is expecting 4.0 to 4.5 percent economic growth in 2020 and inflation below 4.0 percent and a higher 6.5 percent growth in the medium term with better policies Central Bank Governor W D Lakshman said. Sri Lanka’s growth has fallen sharply in 2019, after the collapse of the rupee currency…

The Government has suspended the auctioning of property belonging to Small and Medium-scale entrepreneurs for defaulting on bank loans amounting to not more than Rs.300 million for a period of one year, Co-Cabinet Spokesman Dr. Bandula Gunawardena announced yesterday. Speaking at a special…

Family Planning Association of Sri Lanka(FPA Sri Lanka); the foremost non-governmental organization of Sri Lanka that deals with the issue relating to Family Planning, Sexual and Reproductive Health and welfare in the country, launched the book titled, “Sexual and Reproductive Health Research in Sri…

The government has decided to review the Millennium Challenge Corporation agreement, which was to be signed between the former government and the United States, Attorney General Dappula de Livera has informed the Supreme Court today. Speaking on behalf of the Attorney General, Deputy Solicitor…

Sri Lanka Tourism Promotion Bureau (SLTPB) was able to make an impressive contribution at the International Luxury Travel Market (ILTM) which was held from 30th October to 01st November 2019, at Shanghai Exhibition Center, China. SLTPB participated at this event for the second consecutive year to…

This year’s fiscal deficit is likely to reach 7% of gross domestic product (GDP) due to significant dip in revenue than expected mainly due to slow growth and increase in election-related spending, the Finance Ministry said in a statement.“The expected fiscal deficit for 2019 will be more than the…