Development and Economic News

The Government plans to consolidate all vocational training institutes in Sri Lanka into a single vocational college, offering contemporary subject-related courses.

The 14th round of negotiations between Sri Lanka and India on the Economic and Technology Cooperation Agreement (ETCA) is scheduled to be held during the first week of March in New Delhi.

Sri Lanka sent a new restructuring proposal to dollar bondholders through its adviser Lazard as the South Asian nation seeks to complete overhauling its defaulted debt, according to people familiar with the matter.

The Criminal Investigation Department and the Central Bank of Sri Lanka have initiated separate investigations to apprehend a man and his wife who are alleged to have defrauded approximately Rs. 8 billion from around 22,000 individuals across different parts of the country under the guise of establishing a trading community.

Wednesday, 21 February 2024 12:50

New 100-megawatt Wind Farm to be set up in Mannar

Sri Lanka's Ministry of Power and Energy has announced plans to call for tenders for the construction of a new wind farm in Mannar.

Forbes and Walker Tea Brokers said tea production in January was 18.73 million kilos, down by 2% or 0.4 million kilos from a year earlier.

Interface Tourism, a leading marketing and communications agency in the tourism has announced the launch of a ground-breaking wellness campaign to promote Sri Lanka, targeted at the French and German markets.

Sri Lanka Convention Bureau (SLCB) is stepping up its efforts to establish the country as a year round destination, with a particular focus on boosting arrivals and earnings from the Meetings, Incentives, Conferences, and Exhibitions (MICE) segment to over $ 550 million by the end of 2024.

Sunday, 18 February 2024 10:19

Meeting tourists...

President Ranil Wickremesinghe embarked on an observation tour in the Tangalle and Galle areas today,

Sri Lanka is poised to embark on a journey to position as a premier destination for marine tourism, with plans put to be implemented before the end of the first quarter. Sri Lanka Tourism Promotion Bureau (SLTPB) Chairman Chalaka Gajabahu said

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