An agreement to the tune of USD 400 million was signed yesterday to build South Asia’s largest Commercial and Logistics Hub at the center of the Colombo Harbour.

Sri Lanka’s plan for a voluntary restructuring of its domestic debt is finding few takers from local banks worried about a hit to their capital, raising the risk of a delay in the country’s financial rescue.

SriLankan Airlines yesterday said that the five aircraft are on ground owing to a global shortage and not because of a lack of finances as incorrectly stated in some news reports.

Export Development Board is set introduce New National Export Strategy for 2023-2027 reviving the existing Strategy 2018-2022 developed to address the major systemic, policy, regulations, market-entry and compliance issues New EDB Chairman Kingsley Bernard disclosed.

Sri Lanka’s Provincial Councils have become white elephants as its annual loss is increasing year by year.

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.

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.

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 is set to promote investment opportunities in Sri Lanka via leading state soponsored investment companies, official sources confirmed