Sri Lanka’s national inflation slows down to 10.8-pct in June
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.
SL Stalled projects to resume after debt reworking
Sri Lankan President Ranil Wickremesinghe has said that several halted development projects would resume promptly, on successful completion of the debt restructuring efforts.
Sri Lanka to accept Indian rupee for local transactions
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.
China’s Sinopec imports first oil shipment to Sri Lanka next month
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.
China’s Sinopec imports first oil shipment to Sri Lanka next month
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.
Sri Lanka Tourism industry flourishes with over 700,000 arrivals
Sri Lanka’s tourism sector continues to thrive as it surpasses the significant milestone of 700,000 tourist arrivals, demonstrating the country’s resilience and allure as a favoured holiday destination.
Sri Lanka joins Global Biofuel Alliance as founding member
Sri Lanka has taken a significant step toward promoting sustainable energy solutions by becoming a founding member of the Global Biofuel Alliance.
New tax on imported coconut oil from next week
State Minister of Finance Ranjith Siyambalapitiya says that an import tax will be imposed on imported coconut oil with effect from next week.
CBSL directs banks to reduce lending rates without delay
Governor of the Central Bank of Sri Lanka (CBSL) has urged licensed commercial banks to take immediate measures to adequately reduce lending rates in view of the recent reduction of policy interest rates.
50 MW Sampur solar power plant delays due to transmission line issues ,
A 50 MW solar power plant proposed for Sampur, following the cancellation of the controversial coal power plant, is yet to commence construction due to the delay in finalising the energy transmission line and Power Purchasing Agreements (PPAs),
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Sri Lanka Buddhist temples to get solar power facilities
Sri Lanka Buddhist temples and pirivena schools will get a relief from paying high electricity bills following the government's decision to install solar power units at these places of religious worship.
Govt. to provide commercially valuable lands in major cities to investors
Gives ultimatum to investors who are currently working on projects on government-owned lands to restart projects
Mother on stage to receive dead son’s digree certificate
It was an emotional moment for all those attending the convocation of Jaffna University on Thursday (20) when the mother appeared on the stage to receive the degree certificate of her son who had died in an accident
Give more job opportunities to Lankan youth: Minister requests IRO director
Labour and Foreign Employment Minister Manusha Nanayakkara requested Japan International Resource Office (IRO) Director Suga Katsukai to explore the possibilities of recruiting more Sri Lankan youth as technical trainees in Japan.