Sri Lanka Tourism is experiencing a promising start to February, with over 43,000 tourists welcomed in the first six days of the month, pushing the cumulative figure for tourist arrivals to 252,035.
Canwill Group ventures include a 47-story hotel project consisting of 458 rooms and 100 serviced apartments built to Grand Hyatt specks in Colombo 3 and construction of a luxury beach resort on 9.42 acres of beachfront land in the southern city of Hambantota
In a bid to boost economic growth whilst prioritising social and environmental welfare, Sri Lanka is embarking on a journey to promote Inclusive and Sustainable Businesses (ISBs).
In response to a government request, a capacity development mission from the International Monetary Fund (IMF) is set to provide technical assistance on fiscal issues in Sri Lanka.
Sri Lanka has approved gradually lifting some limits on converting rupees to foreign exchange for outward remittances and the new directions will be presented to parliament for approval, cabinet spokesperson Bandula Gunawardane said on Tuesday.
The Government of Japan has agreed to provide project support of Japanese Yen 230 million (around Rs. 2.8 billion) through the Japan International Cooperation Agency (JICA) for the provision of electricity facilities for 3 hospitals.
A motion was filed before the Supreme Court today (Feb.06) challenging the registration of the National People’s Power (NPP) by the Election Commission.
Chilean ex-President Sebastián Piñera, who served two terms and was also a billionaire businessman, has died in a helicopter crash at the age of 74.
A drone attack on the largest US military base in Syria has killed at least six allied Kurdish-led fighters.
Russia has said at least 28 people died in a strike on a bakery in the Russian-occupied eastern Ukrainian town of Lysychansk.
Sri Lanka is now on its way towards digital transformation via organisational overhauling driven by technology to enter onto the global stage, Technology Minister Kanaka Herath said.
Sri Lanka and Thailand are considering visa free travel to strengthen economic links between the two countries President Ranil Wickremesinghe said, after signing a free trade with the South East Asian nation.
The Ministry of Power and Energy will call for Expressions of Interest (EOIs) internationally from interested strategic investors for the joint development of the Trincomalee Oil Tank Farm in partnership with the Trinco Petroleum Terminal Ltd. (TPTL).
The Police Department is awaiting President Ranil Wickremesinghe’s decision on the term of Acting Inspector General of Police (IGP) Deshabandu Tennakoon.
The construction industry’s outlook for the next three months is on the downside with the lack of upcoming projects and the impact of tax revisions on price levels, as per the sector’s Purchasing Managers Index.
The Government of Sri Lanka (GOSL) and the World Bank have signed an agreement for $ 150 million in financing for Sri Lanka to strengthen the resilience of the financial sector through the Financial Sector Safety Net Strengthening Project (FSSNP).
Sri Lanka will not agree with any debt relief proposal from bondholders that is not consistent with the debt sustainability (DSA) targets of the International Monetary Fund (IMF), Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe said.
The Government has decided to establish a new statutory body, the Investment Infrastructure Facilities Corporation.