Development and Economic News
Anuradhapura-Omanthai train service resumes
With the resumption of train services between Colombo Fort and Kankesanturai (KKS) on the northern railway line, the renovated section from Anuradhapura to Omanthai wll be open to the public from today, the Railways Department said.
Cinnamon Air launches scheduled flights to Jaffna from Colombo
Cinnamon Air, Sri Lanka’s premier domestic airline, recently launched scheduled flights to Jaffna, which will provide travellers with easy access to the most popular city in the northern region of the island along with an exceptional travel experience.
SL keen on seeing Indian rupee used as much as US dollar
- Says makes no difference to SL if India becomes a common currency
- Stresses India and SL should embark on a transformative journey together
- Points out need for SL to become more open to outside world
Saudi Arabia to attract more skilled SL workers verifying skills
Saudi Arabia on Wednesday (July 12) launched the Skill Verification Program (SVP) in Sri Lanka as part of a scheme to attract more skilled workers from the island nation, foreign media reported.
Coconut auction online system faces obstacles of mafia group
The Committee on Public Enterprises (COPE) has discovered that the online auctioning system for coconut harvests, introduced with the aim of demolishing the monopoly Mafia has been opposed and obstructed as a result of the agenda of the brokers.
High chargers for medicine by Colombo private hospitals comes under scrutiny
Following a series of public complaints received the National Medicines Regulatory Authority (NMRA) is to start probing several leading private hospitals in Colombo for billing its patients with exorbitant rates for common drugs, which has maximum retail prices.
Construction of 10 housing projects in Colombo to recommence
The Ministry of Urban Development and Housing said an agreement was reached to restart the construction of 10 middle-income housing projects in Colombo city, which were stopped midway due to several issues including the rise in the price of raw materials.
Saudi Arabia to attract more skilled SL workers verifying skills
Saudi Arabia on Wednesday (July 12) launched the Skill Verification Program (SVP) in Sri Lanka as part of a scheme to attract more skilled workers from the island nation, foreign media reported.
Trade in Rupee with India will start a new era of trade in different currencies: Experts
Dhaka, July 10 -- Bangladesh will start trade with India in Rupees in order to reduce stress on the US dollar requirements from Tuesday.
Central Bank further reduces policy rates
The Monetary Board of the Central Bank of Sri Lanka has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 200 basis points to 11% and 12%, respectively.