Development and Economic News

Dialog Axiata PLC (Dialog), Axiata Group Berhad (Axiata) and Bharti Airtel Ltd., (Bharti Airtel) announced they have signed a Definitive Agreement to combine their operations in Sri Lanka.

The Government has hiked the standard tourist visa fee by over 100%, coupled with the shift to a global processing company, which has raised eyebrows among industry stakeholders.

Sri Lanka has introduced new visa procedures and the rollout of an online visa issuance system yo boost tourism in the ialsndnation.

Despite setbacks in private creditor debt restructuring, IMF says it is hopeful that a conclusion can be reached, soon.

Indian arm manufacturing firms showed the Delhi’s capability in arm manufacturing to Sri Lankan military at a seminar on Wednesday which the island nation expects to open the door for future joint collaboration in manufacturing and services.

The Finance, Economic Stabilisation, and National Policies Ministry stated that all the suspended projects are scheduled to be recommenced once the debt restructuring programme is concluded.

Trade, Commerce and Food Safety Minister Nalin Fernando says measures underway to investigate undue profits, ensuring fair pricing, availability of essential commodities, including potential intervention by Inland Revenue Department

Korea has pledged to increase support to Sri Lanka in several sectors including education, health, renewable energy, employment, agriculture and rural development

Despite the winter season coming to a close, Sri Lanka Tourism experienced an impressive surge in arrivals, with over 39,000 visitors recorded during the first week of April.

The Japanese government has granted a stock of high-tech scanners, valued at 8.4 million US dollars, to the Katunayake International Airport and the Colombo Port.

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