Features

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…

Remittances are an important contributor to the economy and the most import source of export earnings. In 2018, despite experiencing a decline for the second consecutive year, the country received remittances of over USD 7 billion, accounting for 7.9% of the GDP; well ahead of apparel (USD 5…

President Gotabaya Rajapaksa says that he will establish a new government that can implement his policies. Delivering his first speech as the President of Sri Lanka, Gotabaya Rajapaksa said that he is addressing the nation as the Executive President of Sri Lanka and the Defense Minister who will…

The Board of Investment of Sri Lanka has signed an agreement with LA’ MORE Hotel (Private) Limited to set up, conduct and operate a 176 key 5-Star hotel project in Tangalle. The project represents an investment of US$ 35 million and will employ a staff of 355 members at the property. The agreement…

In keeping with Ports, Shipping and Southern Development Minister Sagala Ratnayaka’s promise to install night navigation at the Trincomalee Port before the end of this year, the Sri Lanka Ports Authority (SLPA) says it has successfully completed the project. The Trincomalee Harbour, a natural…