Sri Lanka’s Immigration and Emigration Department beat the revenue forecasts for 2023, earning a total revenue of Rs.42.76 billion, driven by higher tourist arrivals and passport issuances.

The Electricity Consumers' Association (ECA) claimed that the Ceylon Electricity Board (CEB) made an undue profit of Rs. 29.7 million during the period from 6 to 31 March of this year,

Colombo port’s West Container Terminal, backed by India’s Adani and Sri Lanka’s John Keells expects to start operations in early 2025.

President Ranil Wickremesinghe has arranged to appoint three special committees as a preliminary measure to address the security and economic pressures that may affect Sri Lanka, considering the potential developments in the Middle East and globally, including the assassination of a Hamas political leader in Iran.

The Export-Import Bank of Korea (Korea Eximbank) yesterday officially notified Sri Lanka’s Ministry of Finance, Economic Stabilisation and National Policies of its decision to resume EDCF Official Development Assistance (ODA) concessional loan projects in Sri Lanka.

President Ranil Wickremesinghe yesterday unveiled a blueprint to transform the country’s outdated plantation sector towards a modern and thriving agro-business by rolling out a slew of major reforms with an inside-out approach.

State MinisterState Minister of Finance Shehan Semasinghe yesterday announced that the Government plans to permit the importation of vehicles for private use starting in the first quarter of 2025.

Compared to the past two years, 2024 is expected to see a significant rise in the number of local and foreign tourists visiting attractions managed by the Department of Forest Conservation, said Pavithra Wanniarachchi, the Minister of Wildlife, Forest Resources Conservation, and Irrigation.

A new analysis shows that Sri Lanka’s bondholders are set to be repaid significantly more than Government creditors such as China, under the in-principle restructuring deal agreed in early July.