Public Private Partnerships Projects in Sri Lanka will be allowed subject to settlement of the total cost of such projects

After a brief but productive visit to Yunnan capital Kunming to attend the 7th China-South Asia Expo, Sri Lankan Prime Minister Dinesh Gunawardena reached the ancient capital of the province, Dali City, known for agriculture research in addition to being a major tourist attraction.

In rescheduling Sri Lanka’s external debts, China, as the single largest bilateral creditor, is likely to have its own ‘debt management’ criterion for Sri Lanka instead of having a common mechanism with other creditors, a top source said.

The Committee on Public Finance (COPF) has instructed the officials of the Ministry of Finance to declare the selling price of wheat flour per kilogram as Rs.198 in order to prevent two major companies from making excessive profits and to protect the consumers.

The Public Utilities Commission of Sri Lanka (PUCSL) has granted approval for the Ceylon Electricity Board (CEB) to procure 100MW of Electricity Generation Capacity for 06 months on short term basis.

The Bank of Ceylon (BOC) has reported Rs. 10.5 billion of Profit Before Tax (PBT) for the six-month period ended 30 June 2023 amidst the unprecedented challenges continued to prevail from previous year.

The Export Development Board (EDB) recently reactivated the National Packaging Centre with the Packaging Design Display Unit (PDDU) in its premises to enhance the growth of the local manufacturing industry.

Tourist arrivals are averaging an improved 5,170 per day this month as against 4,614 in July, driven by Indian travellers.

The Government has decided to establish a new Department for Cinnamon Development amidst considerations, recognising the valuable contribution of the export crop to boost foreign exchange earnings.