Development and Economic News
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.
Fully fledged High-tech Asiri hospital coming up in Colombo Port City
In a strategic move Asiri Port City Hospital (Pvt) Ltd is set setup a fully fledged most modern hospital with all facilities at the Colombo Port City.
US continues to support Sri Lanka’s economic recovery
The United States (US) says it will continue to support Sri Lanka’s economic recovery and democratic reforms.
Sri Lanka to work with USAID for prosperous future for the people
The United States, through USAID, will provide an additional estimated $65 million (more than 23 billion Sri Lankan rupees) in assistance to Sri Lanka over a five