Fitch Ratings – The direction of monetary policy moves is diverging among the major economies, after a period of unusually synchronised interest rate rises in 2022 and 2023, as highlighted in Fitch Ratings’ latest ‘20/20 Vision’ chart pack. The Swiss National Bank (SNB) became the first major developed-market central bank to embark on an interest…
Ceylon Chamber Presents Sri Lanka Climate Summit 2024 The Ceylon Chamber of Commerce proudly presents the inaugural Sri Lanka Climate Summit 2024, themed “Code Red: Climate Risks and Opportunities for Sri Lankan Businesses,” from May 7-9 at the Shangri La Hotel, Colombo. As scientists warn of the potentially devastating consequences of accelerating climate change, the…
Sri Lanka, a nation poised at the cusp of digital transformation, has taken a monumental step forward with the introduction of its National Digital Economy Strategy. Crafted through a collaborative effort between government bodies, academia, industry stakeholders, and supported by the World Bank, this strategic blueprint stands as a testament to Sri Lanka’s commitment to…
The newly launched www.srilankaevisa.lk platform significantly enhances Sri Lanka’s visa processing system by replacing the previous Electronic Travel Authorization (ETA) framework. This robust and state-of-the-art platform efficiently manages non-resident applications for a diverse range of visa categories, including short-term, long-term, transit, and gratis visas, across 15 visa categories, with stay durations of one month to…
President’s Media Division announced that Sri Lanka has granted approval for the privately owned Iranian airline Mahan Air flights between the two nations, anticipating increased tourism from Iran to Sri Lanka and bolstered cooperation in aviation. In 2022, Iran ranked 27th among countries with the highest international tourist arrivals in Sri Lanka, experiencing notable growth…
State Minister of Finance, Dr. Ranjith Siyambalapitiya, said 112 vehicles imported into Sri Lanka through illegal methods have been seized by the Fraud and Corruption Investigation Commission. The Minister mentioned that their value exceeds 700 crore rupees. From 2015 to 2022, these vehicles have been imported into Sri Lanka through various illegal methods. These vehicles…
“The National Economy Strategy for Sri Lanka – 2030” was approved by the Cabinet of Ministers at the Cabinet Meeting held on 25th March 2024. His Excellency the President Hon. Ranil Wickremesinghe, in his capacity as the Minister of Technology, presented the proposal to the Cabinet of Ministers for approval. Coordinated by the Ministry of…
Port City Colombo, a multi-service Special Economic Zone (SEZ) and a regional financial centre and business hub, has made significant progress in capturing key investments, as the project gears up for a tenacious drive to attract prospective land development and business set-up investors from the South Asian, APAC, and Middle Eastern regions before the end…
Australia and Sri Lanka’s commitment to countering maritime security threats has been on display with the launch of a new joint maritime security operation in Colombo today. Aptly named Disi Rela, which means ‘keeping a watchful eye over the maritime environment,’ the new joint activity will see the Australian Border Force (ABF) and Department of…
Air Seychelles, the Republic of Seychelles’ national airline and Sri Lankan Airlines, the flag carrier of Sri Lanka, have announced a new code-sharing partnership, expanding the number of destinations accessible to customers from the paradise islands flying between Mahe and Colombo. Over 20 destinations are included in the partnership, which includes much requested ones such…
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