In a remarkable feat for Sri Lanka’s tourism sector, arrivals surpassed the half-a-million sparking optimism about meeting the ambitious target of 2.3 million visitors by the end of the year.

A total of 14 Request for Expression of Interest (REOI) have been received from potential investors for the strategic divestiture of Litro Gas Lanka Ltd., (LGL) and Litro Gas Terminals Ltd. (LGT)., the Finance Ministry disclosed yesterday.

President Ranil Wickremesinghe has stressed the need to expand the tourism industry beyond coastal areas to strengthen the country’s economy.

The Bill to amend the Parate Act to give effect to the temporary suspension of recoveries till 15 December 2024 has been gazetted.

The Sri Lanka Standards Institute (SLSI) is set to collaborate with the Standardisation Administration of China to alleviate technical barriers hindering non-tariff trade between Sri Lanka and China.

Sri Lanka verifiably failed to meet 33% of the commitments due by end-February 2024 in its International Monetary Fund (IMF) programme, according to the February update of Verité Research’s ‘IMF Tracker’.

SriLankan Airlines and Korean Air have officially activated a new codeshare partnership effective 15 March 2024, presenting enhanced travel options and connections for customers of both airlines travelling between Colombo and Seoul.

The Railways Department has launched the process of train tickets and seat reservations only through the online system from today.

Sri Lanka’s gross official reserves stood at US$ 4,500 million as of January this year, according to the Central Bank. About US$ 1.4 billion of the reserves is a Chinese yuan-denominated swap.