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Development and Economic News

Prime lending rate falls by 204 basis points to settle at 21.74%

It has fallen cumulative 550 basis points since the end of last year

As the first Sri Lankan envoy to undertake an official visit to Okinawa, Ambassador E. Rodney M. Perera called on the Governor of the Prefecture of Okinawa in Naha, Denny Tamaki, in order to establish fruitful links of cooperation between Sri Lanka and Okinawa.

Monday, 01 May 2023 19:11

Inflation drops by 35.3% in April

The Department of Census and Statistics yesterday said that inflation in Colombo has dropped to 35.3 percent in April.

Former Consumer Affairs Authority (CAA) Executive Director Thushan Gunawardena 29th of April alleged that the Ministry of Trade has informed the Lanka Sathosa to sell canned fish unfit for human consumption through its outlets in 2021.

Sunday, 30 April 2023 22:21

Fuel prices reduced from tonight

The Power and Energy Minister has decided to reduce the retail prices of Lanka Petrol 92 Octane, Lanka Petrol 95 Octane Euro 4, Lanka Auto Diesel and Lanka Super Diesel 4 Star Euro 4 from tonight.

New laws are to be introduced to transform Sri Lanka as a green economy.in the coming years to find ways and meas to a hive this objective this issue

The hallmark of the FDI destination is to create an investor-centric customer service design. The need for such a design will serve the multifaceted needs of investors. Further, it will lead the system to the next level amidst Industry 4.0.

Apparel exports in March hit a three year low reinforcing the tough times faced by the industry.

Sri Lanka is set to begin comercialisation of wonder material, graphene which is extracted from the locally mined the world’s best high pure graphite using latest technology by LOLC subsidiary Tech company incolloboration with a leading global company.

The Commercial Bank of Ceylon led Sri Lanka’s banking sector when it received the Business Today (BT) Top 40 award from President Ranil Wickremesinghe at the awards presentation, held on April 20.

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