Development and Economic News

Sri Lanka Animal Production Association President Ajith Gunasekara called on the Government to reconsider the imposition of 20.5% taxes on eggs, a perishable item, to address the escalating food prices in the country.

Senior Adviser to the President on National Security and Chief of Presidential Staff, Sagala Ratnayaka, has been directed to investigate the causes of the recent flooding in the Colombo district.

Sri Lanka’s startup ecosystem is likely to receive a fresh boost in future as the Asian Development Bank (ADB) yesterday announced that the segment is among those that have been identified for support.

Wednesday, 26 June 2024 08:19

Export price pinch pressures SL apparel

  • JAAF cautions further pressure, including wage increase, could exacerbate issue
  • TU says garment workers dissatisfied with stagnant salaries

Sri Lankan President Ranil Wickremesinghe announced that several new projects, including housing initiatives for the homeless in Batticaloa district, are planned to commence in the next few years to enhance the livelihood of the residents.

The Government has taken fiscal consolidation measures under the revenue mobilisation strategies to ensure that adequate financing is available for the investments in public services and social programmes.

Monday, 24 June 2024 15:28

NDB Bank collaborates with IFC

In a significant move towards empowering women and promoting financial inclusion in Sri Lanka, NDB Bank has partnered with the International Finance Corporation (IFC) to conduct a series of training programmes for female entrepreneurs

While achieving a significant growth and revenue milestones by providing a premium airport experience for passengers travelling through the Bandaranaike International Airport (BIA),

Saturday, 22 June 2024 10:14

Economic indicator Highlights of the Week

* During the period under review (15.06.2024 to 20.06.2024), crude oil prices held around US dollars 85 per barrel exhibiting an increasing trend mainly owing to stronger demand outlook and supply concerns stemming from escalating conflicts in Europe and the Middle East.

An experiment is underway at the Veterinary Medicine and Animal Science Faculty to explore the possibility of producing nutritious dairy products, including cheese, as well as medicine for skin diseases, from the milk of domesticated donkeys.

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