Development and Economic News
SL to receive US$ 7 b inflows from multilateral partners
Foreign Minister Ali Sabry said Sri Lanka will likely see $ 7 billion inflows in multilateral and bilateral funding over four years, as the country had once again secured its confidence over the world post-IMF deal.
UNIDO implements EU-funded on FOOD ‘Mainstreaming Standards project
UNIDO is implementing several socio economic development projects in Sri Lanka with European Union Funding
SriLankan Airlines makes $ 3 mn net profit in 2022-23
SriLankan Airlines has recorded a net profit of $ 3 million for the financial year 2022-23, for the first time the airline after Emirates left the management in 2008, the airline disclosed to the Committee on Public Enterprises (COPE).
Sri Lanka to export first consignment of sour plantains to Dubai this week
Sri Lanka's first organic sour banana harvest is to be exported to the Dubai market in the next few days, the Agriculture Ministry said in a media release.
ILO steps in to enhance private sector investments in the North.
The Northern Province Governor’s Office, International Labour Organisation (ILO) and Ernst & Young (EY) collaborated to organise stakeholder meetings on generating investment-driven growth in the Northern Province.
Rates slump most in a week on positive sentiments after IMF Board approval
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
Sri Lanka to explore areas of cooperation with Okinawa
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.
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.
Whistleblower alleges canned fish unfit for human consumption being sold through Sathosa
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.
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.