Development and Economic News

The economic crisis is bearing on people with as many as 60.5 percent of households finding their monthly average incomes reduced while 91.0 percent of households experiencing an increase in their monthly expenditure levels, according to a survey by the Department of Census and Statistics.

Thursday, 28 December 2023 08:46

Evergreen Group emerges as largest tea producer

Evergreen Group situated in Horangalla, Thalgaswela in the Galle district has produced and sold the highest quantity of tea for a group in Sri Lanka in 2023 with a quantity of 10,256,217 Kgs.

A logistics centre in Colombo Port with China’s CM Ports, Sri Lanka Ports Authority and Access Engineering will get a 15-year tax holiday, according to a gazette notice.

The Colombo Lotus Tower Management Company (Private) Limited said today that they had recorded the arrival of 7,522 visitors to the Lotus Tower yesterday (24).

SriLankan Airlines has expanded its fleet with the addition of a newly leased Airbus A320 aircraft, identified by the serial number ‘4R – ABS’, bringing the total number of aircraft in its fleet to 22.

Sri Lanka and India have agreed on a submarine cable to connect the power grids instead is laying overhead transmission lines, a top official said.

The Nepal-Sri Lanka Joint Commission Meeting concluded in Kathmandu on Thursday (Dec.21).

Friday, 22 December 2023 10:00

Apparel export earnings dip 13% in November

  • November export earnings total US$ 371.17 mn

Say probably the right policy, but rolled out at the wrong time

Sri Lanka Insurance Corporation (SLIC) will be setting up subsidiaries to separately handle life and general business.

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