Development and Economic News
Former Finance Minister Ravi K lauds President’s SOE reform plan
The government has already initiated the preparation of a restructuring plan for public enterprises President Ranil Wickremasinghe revealed make a clear policy announcement to the nation recently that the state authorities are serious about long-term economic reform.
Central Bank absorbs US $ 1.7 billion in foreign exchange
The Central Bank revealed yesterday that it had absorbed $ 1.7 billion in foreign exchange year to date of which a high $ 662 million in May thereby stabilising the Rupee.
SLT-Mobitel unveils high-tech operational green headquarters
SLT-Mobitel recently unveiled its technologically advanced, high-tech operational green headquarters, first in the history of SLT, located at Welikada, Colombo.
Central Bank unveils a surprise policy rate cut after inflation decline
The Central Bank yesterday delivered a surprise policy rate cut, bringing nearly two years long tightening cycle to a close and left open the door for further rate cuts in the next few months among other measures to ease remaining restrictions on imports to reverse the prolonged economic contraction.
SL monthly tourist arrivals fall below 100, 000 for first time this year
Tourist arrivals to Sri Lanka fell below the 100,000 mark for the first time this year due to the drop in momentum in the month of May,
Govt. widens tax net via new gazette targeting professionals
The Government has widened the tax net making it mandatory for professionals belonging to 14 categories to register themselves with the Inland Revenue Department.
Tourism Alliance launches destination consumer marketing campaign
Sri Lanka Tourism Alliance (SLTA) said yesterday its destination consumer marketing campaign had reached new heights.
Sri Lanka and IMF look at strengthening financial governance
Sri Lanka and the International Monetary Fund (IMF) have looked at strengthening financial governance in Sri Lanka.
Sri Lanka plans to start Colombo-Istanbul direct flights
Sri Lanka plans to start direct flights between Colombo and the Turkish city Istanbul, the Ministry of Ports, Shipping and Aviation said in a statement on Tuesday.
Sri Lanka seeks South Indian ‘Superstar’ Rajinikanth’s help to boost tourism
The Deputy High Commissioner of Sri Lanka, Dr. D. Venkateshwaran met with Padma Bhushan ‘Superstar’ Rajinikanth, a renowned actor from South India, at his residence on Monday (May 29).