Development and Economic News

Global Conversions, a leading Sri Lankan-owned company specialising in automobile re-engineering, has achieved a remarkable milestone in the automotive industry, with successful conversion of the world’s first Hummer EV SUV to right-hand drive.

The number of airlines operating flights to Sri Lanka has steadily increased over the years post-pandemic, indicating a significant interest in the country as a tourist destination.

The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change.

The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change.

Sri Lankans residing in Italy are facing a challenge due to the temporary suspension of the system of converting the Sri Lankan driving license to an Italian driving license.

Sri Lanka will be renting underperforming State Plantations to private firms for export-focused Agriculture

In a remarkable feat for Sri Lanka’s tourism sector, arrivals surpassed the half-a-million sparking optimism about meeting the ambitious target of 2.3 million visitors by the end of the year.

Saturday, 16 March 2024 08:03

14 firms express interests to buy Litro Gas

A total of 14 Request for Expression of Interest (REOI) have been received from potential investors for the strategic divestiture of Litro Gas Lanka Ltd., (LGL) and Litro Gas Terminals Ltd. (LGT)., the Finance Ministry disclosed yesterday.

President Ranil Wickremesinghe has stressed the need to expand the tourism industry beyond coastal areas to strengthen the country’s economy.

Friday, 15 March 2024 08:27

Bill to amend Parate Act gazetted

The Bill to amend the Parate Act to give effect to the temporary suspension of recoveries till 15 December 2024 has been gazetted.

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