Sri Lanka and India held discussion focused on strengthening bilateral ties and collaboration in the technology sector, particularly around Sri Lanka’s unique digital ID project

Sri Lanka is off to a promising start in 2024 as it welcomes over 142,000 visitors during the first three weeks.

Tourism Minister Harin Fernando recently announced plans to introduce a new data collection system within the year.

Commenting on the sky rocketing vegetable prices, the Trade, Commerce, and Food Security Minister Nalin Fernando said if vegetables were imported, vegetables such as a kilo of carrot, beans and leeks can be supplied at Rs. 300 to Rs. 350.

The International Monetary Fund (IMF) says it is critical for Sri Lanka to swiftly complete the final agreements with the official creditors and reach a resolution with the external private creditors.

President Ranil Wickremesinghe’s recent visit to Uganda has significantly contributed to strengthening diplomatic ties with African nations that have previously been overlooked in Sri Lanka’s foreign relations.

While reiterating once again the importance of consolidation in the banking sector for higher scale, efficiency and strength, the Central Bank said it is going to roll out the second phase of the consolidation master plan for the non-bank finance company sector in earnest.

Sri Lankan Airlines Ltd. missed a third coupon payment on its 175 million US dollar bond, due later this year, according to a filing on Tuesday.

As part of a slew of policy reforms that are in the pipeline to improve both the resilience and corporate governance of the banks in the near and medium term, the existing Banking Act, which is currently being amended, could see its passage through Parliament in the early part of 2024.