Sri Lanka’s labour force participation rate hits new low in 2023
Sri Lanka’s labour force participation rate hit a new low in 2023, the recently published Labour Force Survey (LFS) annual bulletin highlighted.
Agripreneurship Villages Project to boost innovations in sector
The Cabinet of Ministers cleared the implementation of the Agripreneurship Villages establishment project, marking the first phase of this ambitious endeavour in 2024.
NSB continued to prove resiliency amidst challenges
The National Savings Bank (NSB) said yesterday it demonstrated its mettle amidst challenges by recording a Profit after Tax (PAT) of Rs. 7.2 billion for the fiscal year ended December 31, 2023.
Key factors identified for accidents on expressways
Driver negligence, vehicle maintenance issues and accidents caused by third parties were identified as the three main reasons for accidents on expressways, the Advisory Committee for Expressway Safety Actions member Dr. Chamod Hettiarachchi said.
Israel Gaza: Australia hints it could recognise Palestinian state
Australia's foreign minister has suggested the country could recognise Palestinian statehood, to increase momentum towards peace.
State-owned banks undergo reforms to mitigate economic risk
Sri Lanka state banks are to undergo comprehensive reforms in the areas of administration, risk management and supervision due to challenges faced during past economic crises.
Government to lift vehicle import ban next year if economy improves
The government is considering the lifting of the ban on the importation of vehicles if the country's economy improves by next year, Finance State Minister Ranjith Siyambalapitiya said.
Immigration head office yet to fix CCTV cameras purchased six years ago
A Parliamentary Committee has revealed that CCTV camera equipment that had been purchased at a cost of Rs. 2.1 million to be fixed at the internal premises of the Immigration and Emigration head office had been stored for six years without being fixed.
Over 39,000 tourists visit Sri Lanka in first week of April
Despite the winter season coming to a close, Sri Lanka Tourism experienced an impressive surge in arrivals, with over 39,000 visitors recorded during the first week of April.
European court rules human rights violated by climate inaction
A group of older Swiss women have won the first ever climate case victory in the European Court of Human Rights.
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Panama Papers money-laundering trial begins
The trial of 27 people charged in connection with the Panama Papers money laundering scandal has started in a Panamanian criminal court.
Leaders urge Israel not to target Rafah in southern Gaza
The leaders of Egypt, France and Jordan have warned Israel an offensive against Gaza's southern city of Rafah would have "dangerous consequences".
Sri Lanka optimistic about finalising debt restructuring talks in London
Given the current favourable macroeconomic headwinds and economic resurgence, Sri Lanka is optimistic about finalising debt-restructuring talks in London with international creditors and entering into an agreement on the US$12 billion debt re-work proposal, a senior Finance Ministry official said.
Budget undergoes complete overhaul for the first time in history
Sri Lanka’s budget for the first time in history is set for a complete overhaul, covering the entire government sector to ensure full transparency of fiscal planning and other policy interventions, Finance Ministry sources said.