Development and Economic News
SL Govts ’s plan for a domestic debt voluntary restructure jolts banking sector
Sri Lanka’s plan for a voluntary restructuring of its domestic debt is finding few takers from local banks worried about a hit to their capital, raising the risk of a delay in the country’s financial rescue.
Five Sri Lankan aircraft on ground owing to a global shortage of engines
SriLankan Airlines yesterday said that the five aircraft are on ground owing to a global shortage and not because of a lack of finances as incorrectly stated in some news reports.
EDB forecasts US $13.01 billion from exports this year
Export Development Board is set introduce New National Export Strategy for 2023-2027 reviving the existing Strategy 2018-2022 developed to address the major systemic, policy, regulations, market-entry and compliance issues New EDB Chairman Kingsley Bernard disclosed.
Central provincial council spends Rs 110 earn Rs 20
Sri Lanka’s Provincial Councils have become white elephants as its annual loss is increasing year by year.
Sri Lanka’s monkey business with China becomes hoax
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.
Tourist arrivals expected to reach 400,000 mark mid-April
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.
Government. to spend record Rs.206 billion on social welfare
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 to boost tourism investment opportunities in Sri Lanka
China is set to promote investment opportunities in Sri Lanka via leading state soponsored investment companies, official sources confirmed
Tourist arrivals records over 56,000 in April
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.
Semi-luxury passenger busses out of roads after May
The National Transport Commission (NTC) has decided to do away with the operation of semi-luxury passenger bus service after May 2023.