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Sri Lanka Customs today seized the largest stock of ‘Magic Mushrooms’ in history worth over Rs.70 million along with a stock of other narcotic drugs from a parcel courier service in Seeduwa. The parcels had been sent from the USA and the Netherlands.

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The Wildlife Conservation Department has introduced an online permit system for ease of access for tourists to the national parks.

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The Export Development Board (EDB) yesterday said Sri Lanka’s gem and jewellery sector is under serious threat, due to a surge in foreign traders’ involvement in key gem markets without the required licences, threatening the sector’s integrity and sustainability.

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Sri Lanka’s inflation in June 2023 measured on National Consumer Price Index (NCPI) slowed to 10.8 percent from the previous month’s 21.6 percent, data from the state statistics office showed, as the central bank operated deflationary monetary policy.

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Sri Lanka is considering the possibility of allowing the usage of the Indian rupee for local transactions just like the dollar, euro, and yen to facilitate Indian tourists and businessmen, Foreign Minister Ali Sabry said on Saturday.

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Sri Lanka continues to make strides in enhancing fuel competitiveness by allowing three foreign companies including China’s Sinopec to enter the local market and it first oil shipment will arrive in the island next t month.

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Sri Lanka continues to make strides in enhancing fuel competitiveness by allowing three foreign companies including China’s Sinopec to enter the local market and it first oil shipment will arrive in the island next t month.

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Sri Lanka has taken a significant step toward promoting sustainable energy solutions by becoming a founding member of the Global Biofuel Alliance.

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State Minister of Finance Ranjith Siyambalapitiya says that an import tax will be imposed on imported coconut oil with effect from next week.

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Gives ultimatum to investors who are currently working on projects on government-owned lands to restart projects

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