Sri Lanka verifiably failed to meet 33% of the commitments due by end-February 2024 in its International Monetary Fund (IMF) programme, according to the February update of Verité Research’s ‘IMF Tracker’.

SriLankan Airlines and Korean Air have officially activated a new codeshare partnership effective 15 March 2024, presenting enhanced travel options and connections for customers of both airlines travelling between Colombo and Seoul.

The Railways Department has launched the process of train tickets and seat reservations only through the online system from today.

Sri Lanka’s gross official reserves stood at US$ 4,500 million as of January this year, according to the Central Bank. About US$ 1.4 billion of the reserves is a Chinese yuan-denominated swap.

Sri Lanka’s bankers vow to continue exercising mortgage actions against the defaulted creditors through the courts of law, once the suspension of the parate rights of banks comes into effect.

Workers’ remittances inflow in the first two months has increased by 14.1% to $ 963.7 million, the latest Central Bank data revealed.

Sri Lanka Tourism has welcomed over 40,000 tourists in the first six days of the month, pushing the cumulative figure to 467,480.

Official reserves in February reach US$ 4,517 mn, up from US$ 4,496 mn in January

Major Indian companies are to enter critical mineral mining in Sri Lanka taking advantage of the new national policy on mineral resources aimed at attracting foreign investors and/or technology holders to establish joint ventures with Sri Lankan partners.