The European Union together with its implementing partner World Vision has launched a socio-economic recovery project in Sri Lanka.

Power & Energy Minister Kanchana Wijesekera says the Cabinet-approved three foreign oil companies are expected to commence their fuel distribution operations in Sri Lanka during the next two months.

World Bank has affirmed its continued support to help the country navigate economic challenges, implement critical reforms, and chart a path towards a resilient and inclusive recovery.

Value added services of the telecommunication sub-sector recorded a moderate growth of 8.3percent in the first half of 2022 amidst an increase in foreign currency related cost components in this industry.

The first phase of the program to plant three million jackfruit trees across the country, under the theme ‘Guwan Hamuda Herali Perali’, was launched today at the Anuradhapura Air Force Base under the patronage of President Ranil Wickremesinghe.

The Sri Lanka government has embarked on an ambitious initiative of commercializing seven State owned Enterprises (SOES) out of 52 entities kick starting restructuring process of these enterprises fulfilling commitment given to the International Monetary Fund (IMF), official sources disclosed

In a far reaching move, the government has established a new academic facility in the Sri Lanka Ports Authority (SLPA) for the upliftment knowledge and discipline of the port workers.

Sri Lanka’s No.01 Bank, Bank of Ceylon clinched prestigious “the Best Banking Service Provider of the year 2023” award for the third consecutive year at the recently concluded “SLIM-Kantar People’s Awards 2023”.

SL Trade deficit narrows significantly in February amid declining importsSri Lanka’s deficit in the merchandise trade account witnessed a significant contraction in February, due to a significant moderation in the import expenditure, arising out of the aggregate demand conditions, Central Bank announced.