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Development and Economic News

Sri Lanka’s Provincial Councils have become white elephants as its annual loss is increasing year by year.

Government’s monkey business plan becomes hoax following the denial of China claiming that there was no such offer made by them the agreeing to Sri Lanka request.

The Sri Lanka Tourism Development Authority (SLTDA) has stated that it expects a total of 400,000 tourists to have arrived for 2023 by 20 April.

The Government.is to spend record Rs.206bn on social welfare to assist the poor and vulnerable who are truly in need of assistance.

China is set to promote investment opportunities in Sri Lanka via leading state soponsored investment companies, official sources confirmed

Sri Lanka has welcomed over 56,000 tourists during the first 16 days of the month of April , propelling the impetus to reach the monthly target of 86,000 arrivals.

The National Transport Commission (NTC) has decided to do away with the operation of semi-luxury passenger bus service after May 2023.

In a strategic move Asiri Port City Hospital (Pvt) Ltd is set setup a fully fledged most modern hospital with all facilities at the Colombo Port City.

The United States (US) says it will continue to support Sri Lanka’s economic recovery and democratic reforms.

The United States, through USAID, will provide an additional estimated $65 million (more than 23 billion Sri Lankan rupees) in assistance to Sri Lanka over a five

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