Business News (242)
SLTDA invites investors for development of 7 rest houses on 30-year lease
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Sri Lanka Tourism Development Authority (SLTDA) has issued a call for investors to submit conceptual proposals for the development of seven rest houses on a 30-year lease basis.
Browns Hotels and Resorts unveils Ayugiri Ayurveda Wellness Resort Sigiriya
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In a captivating reimagining of luxury wellness tourism, Browns Hotels and Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya.
The Department of Census and Statistics (DCS) reports that computer literacy in Sri Lanka has increased to 39% in 2023.
India to establish industrial zone in Trinco; Indian FM to visit SLsoon
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President Ranil Wickremesinghe, who is currently in New Delhi, held a meeting today (10) with India’s External Affairs Minister Dr. S. Jaishankar.
State Minister of Finance Ranjith Siyambalapitiya last week announced that the Government is progressively implementing measures to develop and regularise tax revenue collection through its various revenue departments.
Credit to the private sector in April fell by Rs. 16 billion from March in a sign of less optimism as well as due to holidays in connection to Sinhala-Hindu New Year.
Sri Lanka’s tourism industry continues to chalk up a striking performance, raking in over $ 1.4 billion in revenue during the first five months of 2024, marking a staggering 87% surge compared to the same period last year.
Sri Lanka is still failing on the governance improvements that are foundational for its economic recovery said Verite Research yesterday ahead of the IMF Executive Board’s review on the release of third tranche to the country on 12 June.
Finance State Minister Ranjith Siyambalapitiya said today that he will not present a budget proposal for 2025 and that only an interim standard account will be presented instead.
Tourist arrivals exceed 900,000 fuelling optimism of meetung year-end targets.
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Sri Lanka Tourism surpassed the milestone of 900,000 tourist arrivals, fuelling optimism within the industry to meet year-end targets.
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PickMe, Sri Lanka’s premier ride-hailing platform, has collaborated with PhonePe, India’s leading fintech company, to enable seamless UPI-based QR payments for Indian travellers in Sri Lanka.
IMF strongly expects Sri Lanka’s agreements with external creditors soon -
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The International Monetary Fund (IMF) says there is a strong expectation that Sri Lanka will soon reach agreements with external commercial creditors consistent with program parameters.
Two state banks to undergo specific reforms with new business models
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Bank of Ceylon and People’s Bank are to undergo specific reforms with new business models and capital adequacy for the two state banks, the Finance Ministry announced this week.
The Government has initiated preliminary action to regularise the samurdhi banking system by taking a cabinet decision to bring samurdhi community-based banks and community-based banking societies under a state audit.