Development and Economic News

Sri Lanka is to apply for membership in BRICS and its development bank, the Government said on Tuesday.

:On Monday, September 9, Sri Lanka’s dollar bonds experienced a sharp decline as investors grew increasingly concerned about political instability leading up to the upcoming elections.

SriLankan Airlines and flydubai, the Dubai-based carrier, have announced today an interline agreement commencing from 09 September 2024, introducing more travel opportunities between Sri Lanka, the UAE and beyond on select routes on the carriers’ networks.

Australia wants Sri Lanka to recommit to the changes needed to actively protect rights to freedom of expression and peaceful assembly.

Workers’ remittances in August rose to an over three-year high of $ 578 million boosting the year to date figure to $ 4.28 billion, up 11% from the corresponding period of last year.

Monday, 09 September 2024 13:02

Hotel Suisse Kandy gets Rs. 500 million revamp

The Hotel Suisse Kandy will undergo a refurbishment at an estimated cost of Rs. 500 million.

The Central Bank of Sri Lanka (CBSL) has relaxed the period for exporters of goods to convert their export proceeds into Sri Lanka Rupees.

The stock of 3 million eggs imported from India is scheduled to reach the island by the end of this week.

Sri Lanka’s plan to set up operations of Elon Musk's Starlink, the satellite unit of SpaceX, has been withheld till the Presidential Election is over because of some clearance pending with the Telecommunications Regulatory Commission, a top source said.

Hayleys PLC subsidiaries, Hayleys Fentons Ltd., has been awarded to develop 99 MW of ground mounted solar power plants, whilst Hayleys Electronics Ltd., has won 15 MW small solar power plants of 5MW each.

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