Over 53,000 international visitors enter island nation within first eight days

Weekly and daily arrival averages improve

Uncertain if momentum will remain unless system of visa issuance is sorted

Sri Lanka's Future Hinges on IMF-Guided Economic Revival.

India took note of its long-standing friendship with Sri Lanka and the shared vision to enhance and deepen the bilateral partnership for mutually beneficial and sustainable economic growth.

The Ministry of Ports, Shipping and Aviation has announced the much-anticipated resumption of the passenger ferry service between Sri Lanka and India, another effort to increase connectivity between the two neighboring nations.

The Department of Immigration and Emigration at the airport is facing a critical situation with visa checks for arriving passengers, mainly due to the lack of an active Electronic Travel Authorization (ETA) system.

Golden Island Hospitality Ltd., said yesterday it has entered into an agreement with the renowned Majestic Group Hotels and Casinos, a leading gaming group from India, to establish the Majestic Pride Casino, Sri Lanka.

The government has set up an Internal Customs Unit within Sri Lanka Customs (SLC) to investigate public complaints, following increased public scrutiny, the Finance Ministry announced yesterday.

As Bangladesh, a major player in the global apparel market, grapples with a severe crisis, Sri Lanka is poised to benefit from some apparel orders in the short term, according to the Joint Apparel Association Forum (JAAF).

By Aryan Maha

Aug 8 (TM) Sri Lanka state revenue has increased by 41% year-on-year (y-o-y) in the first six months of 2024 to Rs. 1,860 billion, as the Treasury has collected 52% of the estimated revenue for the year, State Minister Ranjith Siyambalapitiya said.

“The discussions are set to be finalised by December 2024, with both countries aiming to sign the Indonesia-Sri Lanka Preferential Trade Agreement in March 2025,” Cabinet Co-Spokesman and Minister Bandula Gunawardena said at the weekly post-Cabinet meeting media briefing yesterday.

As of August this year, a total of 3,694 Sri Lankans have left for work in South Korea, with another 100 individuals set to depart soon, the Sri Lanka Foreign Bureau of Employment (SLBFE) said.

Sri Lanka is becoming a favoured destination among the international travellers, with a notable increase in Google searches for accommodation, according to a US-based Google specialist.

The number of new private company registrations in the country has shown a significant year-on-year (YoY) increase since the economic crisis in 2022, official data showed.

Browns Investments PLC revealed that the acquisition of the shares in Kenya and Rwanda was completed on 30 July under SPA to acquire shares in Lipton Teas and Infusions companies in Kenya, Tanzania, and Rwanda.

Beijing is cracking down on "aggressive fans" who it says are affecting the performance of Chinese athletes at the Paris Olympics - the latest in its years-long war against celebrity worship.

Within hours of Tim Walz being declared winner of the Democratic "veepstakes", Republican accusations that he is pro-China came thick and fast.

Kamala Harris's vice-presidential pick Tim Walz has drawn attention halfway across the world in China.

Deep under the northern Israeli city of Haifa, there’s a vast underground hospital.

The agreement for obtaining USD 300 million loan from the Asian Development Bank (ADB) for the implementation of power sector reforms and financial sustainability program has been signed by the Government of Sri Lanka and the ADB.