Eco Solar Rays Pvt Ltd recently announced a pioneering arrangement with Bank of Ceylon. The deal involves a special loan scheme at 7 per cent for customers to obtain solar installations, provided by the Bank of Ceylon. “

The Sri Lanka Tourism Development Authority (SLTDA) owns 510 acres of land in Kuchchaveli, out of which 160 acres have been identified by 10 investors who anticipate to begin operations within the next two to three years.

Sri Lanka's current debt sustainability path, as outlined by the IMF Debt Sustainability Analysis (DSA), is precarious and not grounded in sound data, Nishan de Mel, Executive Director of Verité Research, warned at a forum in Colombo.

Roughly matches IMF tranche size

Sri Lanka is facing economic challenges during the presidential election period, bringing attention to the International Monetary Fund’s (IMF) lending framework reforms.

Transshipment volumes handled by port in July dropped by 6% YoY
Number of container ships calling at Colombo Port contracted by 17.8% YoY to 277 ships

Investment Promotion State Minister Dilum Amunugama announced that Sri Lanka has secured an export income of $ 9 billion in the first six months of 2024, whilst noting that investment agreements totalling around $ 800 million were signed during the same period.

A heavy influx of foreign and local tourists is being experienced at the historic Nine Arch bridge in Demodara on the upcountry railway line.

The Indian High Commission said that the government of India had extended a grant assistance of USD 63.65 million to the government of Sri Lanka for rehabilitation of the KKS Harbour, which was earlier envisaged to be undertaken under a Line of Credit.