Development and Economic News

SriLankan Airlines has once again been recognized as the Leading International Airline in South Asia under the Visitors’ Choice Awards category at the South Asian Travel Awards (SATA) 2024, marking its second consecutive win in this prestigious category.

Friday, 27 September 2024 10:24

Jetwing expands organic tea footprint

Jetwing acquired the Uva Ben Head Tea Estate in Welimada in 2022 with a mandate to produce premium artisanal teas while safeguarding the environment through organic farming and biodiversity conservation.

United Republican Front leader Patali Champika Ranawaka and Sri Lanka Muslim Congress leader Rauf Hakeem yesterday vowed to continue the fight against what they termed as the "e-visa fraud," following the Supreme Court’s decision to remand the Controller General of Immigration for contempt of Court.

Showing signs of recovery, apparel exports saw a spike in August, enabling the industry to make the year to date performance positive for the first time.

Wednesday, 25 September 2024 11:08

Sri Lanka’s inflation drops in August 2024

The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to 1.1% in August 2024, compared to 2.5% in July 2024, according to the latest data released by the Department of Census and Statistics.

The United States supported the people of Sri Lanka in their pursuit of “an inclusive, just, democratic, and economically sustainable future”, Chair of the Senate Foreign Relations Committee Ben Cardin has said.

Panic buying was reported at Manning Market in Peliyagoda today during the eve of the presidential poll 2024 with people hurriedly buying stuff such as vegetables sufficient enough in anticipation of disruption to normalcy in the post-election period.

A team from Japan’s Mirai Consulting Group visited Sri Lanka recently to explore potential investment opportunities in various sectors.

Tobias Pierlings, Director and Head of Division for South Asia and Southeast Asia at the German Federal Ministry for Economic Affairs and Climate Action, Berlin and a delegation from the German Embassy in Sri Lanka, visited the Hambantota International Port (HIP) last week.

The expansion of the manufacturing and services sectors slowed in August in comparison to July as per the Purchasing Managers Index (PMI).

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