Sri Lanka records Rs 22 b surplus in the Budget Primary Balance for the first time in 63 years
Due to efficient management of the State revenue and expenditure, the government has been able to achieve Rs 21.9 billion…
Category: BUSINESS
Breaking: Moragahakanda project vested in the public
The Moragahakanda multi-purpose development project was vested in the public a short while ago by President Maithripala Sirisena. Moragahakanda is…
Ranil exposes MR-era bond scams
PM says Rs. 4 trillion bond sales from 2008-2015 without Monetary Board approval Rs. 10 trillion to be paid over next 25…
Sri Lanka’s reforms need to be targeted to support the poor, World Bank says
While Sri Lanka can claim a low poverty rate compared to other countries in in South Asia, significant poverty still…
Rs. 21.9 bn budget surplus recorded in first ten months of 2017
A budget surplus of Rs 21.9 billion has been recorded during the first ten months of 2017, the Finance Ministry…
State Minister aims to make fisheries industry among Sri Lanka’s three main foreign exchange earners this year
State Minister for Fisheries and Aquatic Resources Development Mr. Dilip Wedaarachchi said that the Government will stop calling fishermen to…
Tourist arrivals to Sri Lanka up by 3.2 percent in 2017 despite set-backs
Tourist arrivals to Sri Lanka reached an all-time high of 2,116,407 in 2017 according to the latest data released by…
Sri Lanka’s Digital Economic Strategy will be ready to launch in early April
In the middle of December 2017, the Ministry of Telecommunication and Digital Infrastructure with the support of McKinsey and Company…
Sri Lanka Central Bank extends suspension of Perpetual Treasuries for another 6 months
The Central Bank of Sri Lanka has extended the suspension of Perpetual Treasuries (PTL) from carrying on business activities as…
Lanka Sathosa launches first ever mega outlet becoming the largest retail network
Sri Lanka’s State owned Lanka Sathosa shopping chain has dramatically ascended to become the largest retail player in the country,…