Sri Lanka expects to host 1.55 million visitors and earn 2.7 billion Sri Lankan rupees ($8.4 million) in much-needed tourism revenue this year, as it maps a road to the recovery of its tourism sector amid its worst economic crisis in decades.

Nestle Lanka yesterday announced its decision to go private ending its 40 year stature as Public Listed Company (PLC) the Colombo Stock Exchange (CSE). The move was resolved by Nestle Lanka Board recently and is subject to shareholder and regulatory approvals.

In a bid to create a business-friendly environment in the country, the Presidential Secretariat has organised 54 institutions that provide investor facilitation services under seven Task Forces on the directives of President Ranil Wickremesinghe.

Cargills (Ceylon) PLC is marking a new milestone by opening Lanka IOC fuel stations at its Cargills Retail outlets countrywide.

Emirates has pledged its renewed support to promoting tourism in Sri Lanka through a Memorandum of Understanding (MoU) signed with the Sri Lanka Tourism Promotion Bureau.

Sri Lanka’s apparel export earnings could slump by $1 billion this year, a top industry expert said on Wednesday, as slowing global demand hits the crisis-hit South Asian country.

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 is implementing several socio economic development projects in Sri Lanka with European Union Funding

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).