Development and Economic News

The government had decided to provide USD 25 million for the Smart Climate Irrigated Agriculture Project (SCIAP) for this year in many difficult districts through this project, Agriculture and Plantation Industries Minister Mahinda Amaraweera said.

Invest India and the International Solar Alliance in partnership with the High Commission of India in Colombo, organized a one-day workshop, bringing together Sri Lanka's solar start-up ecosystem On 8 May,.

The Cabinet of Ministers on Monday has approved implementing the digital transformation of general education aided by the Chinese Government.

The Independent Remuneration Committee set up by the Ministry of Finance to resolve the disputed CBSL pay hike has handed over its report to President Ranil Wickremesinghe.

In a significant development aimed at revitalising maritime infrastructure, the Cabinet of Ministers approved the signing of a Memorandum of Understanding (MoU) to obtain a proposed financial grant from India for the renovation of the Karainagar Boat Yard.

Tourism Minister Harin Fernando yesterday revealed that the minimum room rates (MRR) imposed on hotels will be scrapped by the end of this month and allow competition to return to the industry.

Chinese Ambassador to Sri Lanka Qi Zhenhong called on Prime Minister Dinesh Gunawardena at the Temple Trees in Colombo on Thursday (02) to discuss ways and means of early implementation of the agreements and Memorandums of

Tourism stakeholders said Sri Lanka now has the highest visa costs in Asia, creating a significant barrier for tourists compared to competing destinations like Thailand, Vietnam and many others that offer free visas or charge much lower fees.

Sri Lanka’s Foreign Minister Ali Sabry and Saudi Arabia’s Minister of Investment Khalid Al Falih have signed a Memorandum of Understanding (MoU) on Investment Promotion between the two countries.

A leading Sri Lankan businessman, through his company Supreme Global Holdings, has entered the race to acquire the national carrier, SriLankan Airlines.

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