Sri Lanka’s remittances from official channels rose to 454 million US dollars in April 2023, up 82.9 percent from a year earlier, as more expatriates use formal banking network to send their earnings, central bank revealed.

Process to begin in two months and be completed by year’s end

The Finance Ministry has identified 430 state institutions, both loss- and profit-making institutions, for the proposed restructuring process.

Cash-strapped Sri Lanka’s national airline announced a staggering US $ 525 million annual loss yesterday.

A new fuel pipeline is to be laid between Colombo Port and the Kolonnawa terminal ahead of the signing agreement with a US company to begin its retail fuel distribution in Sri Lanka.

For the first time in 15 years, SriLankan Airlines has succeeded to post an operating profit of Rs. 1.7 billion in FY22 reflecting improvement as against a loss of Rs. 8.12 billion in the previous year.

The Government has requested the World Bank’s assistance to conduct a full assessment of the recent electricity tariff hikes and the impact it has on both, poor and vulnerable groups.

The price of a kilogramme of milk powder will be reduced by Rs. 200 with effect from May 15, Trade Minister Nalin Fernando said.

The pilot programme of converting 200 four-stroke petrol three-wheelers to electric (e-Tuk Tuk) was launched today at the Werahera branch of the Department of Motor Traffic (DMT).Tuk Tuks to go green

Sri Lanka, which is emerging from an economic crisis, is expecting to attract 20 lakh visitors from India this year, Sri Lanka Tourism Minister said on Friday.