Development and Economic News

Turkish Airlines announced a significant enhancement in its flight services with the addition of its sixth weekly flight between Istanbul and Colombo.

Sri Lanka passenger and aircraft movement gains at local airports has gained momentum last month

Tourist arrivals have exceeded 163,000 in the first 24 days reinforcing the industry’s rebound.

The Central Bank of Sri Lanka (CBSL) says the country’s trade services, mainly earnings from tourism have recovered significantly during the first two months of 2024, while the positive momentum of workers’ remittances also continued.

The Colombo Commercial High Court issued an enjoining order preventing Rusi Pestonjee, Managing Director of Abans PLC or his servants from in any way or manner to use the name McDonald’s or any name in any way or manner similar to the name McDonald’s.

In the face of widesperd public pressuere including parliamentrains and civil society activists, the Central Bank senior management has decided to revisit recent salary revision

The Colombo High Court today served an indictment on eight accused including the Captain of the fire-ravaged container ship MV X-Press Pearl for causing damage to the country's oceanic environment.

Earnings from merchandise exports in February was $ 983.7 million, marking a slight uptick of 0.17% year-on-year (YoY), while it also increased by 1.3% compared to January.

Nearly 150 dangerous constructions have been identified in Colombo city thus far, says Colombo Municipal Commissioner Mrs. Bhadranie Jayawardhana.

The Committee on Public Finance has presented its report on the Central Bank Of Sri Lanka Salary Revision to the Parliament.

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