Development and Economic News

Sri Lanka’s bankers vow to continue exercising mortgage actions against the defaulted creditors through the courts of law, once the suspension of the parate rights of banks comes into effect.

Workers’ remittances inflow in the first two months has increased by 14.1% to $ 963.7 million, the latest Central Bank data revealed.

Sri Lanka Tourism has welcomed over 40,000 tourists in the first six days of the month, pushing the cumulative figure to 467,480.

Official reserves in February reach US$ 4,517 mn, up from US$ 4,496 mn in January

Major Indian companies are to enter critical mineral mining in Sri Lanka taking advantage of the new national policy on mineral resources aimed at attracting foreign investors and/or technology holders to establish joint ventures with Sri Lankan partners.

Due to the affordability of sanitary napkins half the number of girls and women in Sri Lanka do not include sanitary napkins in their household expenditures, the Advocata Institute said.

More than Rs. 2.5 billion is paid annually as rental for vehicles acquired by government agencies.

Saturday, 09 March 2024 08:03

Gold prices surge to fresh record high

Gold prices surged to a fresh record high on Friday as data showing a rise in the U.S. unemployment rate boosted expectations that the Federal Reserve could begin cutting interest rates soon.

Sri Lanka saw a notable increase in workers’ remittances and a boost in tourist arrivals in February 2024, the Central Bank of Sri Lanka (CBSL) says.

Sri Lanka’s Posts Department said it is hoping to record a revenue of Rs.21 billion for 2024 and operate as a self-sustaining institution that is independent of Treasury funds.

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