Sri Lanka Grants First Approvals for Importing Electric and Hybrid Vehicles to Tourism Sector
In a significant development for Sri Lanka’s tourism sector, the Sri Lanka Tourism Development Authority has granted the first 10 approvals for travel
Tourism
Markets
Gold Prices in Sri Lanka for July 23, 2024
As of July 23, 2024, gold prices in Sri Lanka are as follows: These rates reflect the current market values for gold of
Business
Megakem Engineering Expands with New Showrooms and Launches Megalistic Super 540
Megakem Engineering Ltd. has marked a significant expansion by inaugurating two new showrooms under its “Megakem” brand. The newly opened showroom in Gampaha
Business Planning
Sri Lanka Launches Interest-Free Loans for Agricultural Modernisation
In a major boost to Sri Lanka’s agricultural sector, a Memorandum of Understanding (MoU) was signed yesterday at the Presidential Secretariat to provide
Tourism
Sri Lanka’s Tourism Minister Highlights Visa-Free Entry as Key to Boosting Arrivals
Tourism Minister Harin Fernando has identified visa-free entry as a major challenge in meeting Sri Lanka’s tourism goals. He noted that neighboring countries
Educational Opportunities
China Boosts Sri Lanka’s Smart Classroom Initiative with 1,000 Smart Boards
China has pledged to donate 1,000 smart boards to Sri Lankan schools, advancing the country’s digital education efforts. This announcement follows an Indian
Business
Sri Lanka to Cultivate Hybrid Durian Varieties for Export Expansion
Sri Lanka is set to grow 20,000 durian plants of two hybrid varieties aimed at boosting export opportunities, announced Agriculture Minister Mahinda Amaraweera.
Bond Yields
Sri Lankan Rupee Strengthens; Stocks and Bonds Stable
Sri Lanka’s rupee began Tuesday’s trading session on a stronger note, opening at 303.90/304.10 against the US dollar, according to dealers. This is
Stock Market
Colombo Stock Exchange Falls; Hayleys Attracts Continued Interest
The Colombo Stock Exchange ended Monday’s trading session on a down note, according to data from the exchange’s website. The All Share Index
Economics
Sri Lanka Sets New Rooftop Solar Rate at 27 Rupees Per Unit
Sri Lanka will set the rate for rooftop solar electricity at 27 rupees per unit starting July 2024, as announced by Power Minister