State Minister Advocates Health Regulation for Safety in ‘Illegal Prostitution’ in Sri Lanka
State Tourism Minister Diana Gamage of Sri Lanka has emphasized the need for regulating “illegal prostitution” disguised as spa or wellness centers to.
Economics
Providing analysis and commentary on key economic indicators such as GDP growth, unemployment rates, inflation, and consumer spending.
Economics
Economics
MRCC Colombo Facilitates Transfer of Ailing Fisherman, Boosting Blue Economy Efforts
A Sri Lankan fisherman, who fell ill while at sea, was rescued and brought ashore last Saturday (27) following an urgent call for.
- April 29, 2024
Economics
Ceylon Chamber Applauds National Digital Economy Strategy
The Ceylon Chamber of Commerce has emphasized the crucial importance of implementing the National Digital Economy Strategy 2030 with active involvement from the.
- April 29, 2024
Economics
Sri Lanka’s Automotive Market Braces for Decline
Industry analysts predict a rapid cooling of Sri Lanka’s overheated second-hand car market following the partial relaxation of import controls for tourism. The.
- April 29, 2024
Economics
Sri Lanka Anticipates 8.5% Credit Growth, $20 Billion Imports in 2024
Sri Lanka’s central bank has outlined its economic projections for 2024, anticipating a 3.0 percent growth and a recovery in private credit to.
- April 29, 2024
Economics
Sri Lanka, Iran Presidents inaugurate Uma Oya hydro-electric project
Iran’s President Seyyed Ebrahim Raisi and Sri Lanka’s President Ranil Wickremesinghe jointly inaugurated a hydroelectric project in Sri Lanka, adding significant capacity to.
- April 26, 2024
Economics
Colombo to become tourist city, no more aragalaya: Sri Lanka President
President Ranil Wickremesinghe unveiled ambitious plans to elevate Colombo into a prominent tourist destination, signaling a transformative phase for the city’s development. These.
- April 26, 2024
Economics
Sri Lanka will need Rs 40 Bn to increase senior citizens’ interest rate to 15 pct
Sri Lanka is contemplating the financial implications of raising the interest rate for senior citizens’ savings to 15%, requiring an estimated Rs 40.
- April 25, 2024
Economics
Sri Lanka worker migration, passport issues, begin to decline
Official data reveals a consistent decline in Sri Lanka’s foreign employment departures over the past five months, accompanied by a decrease in new.
- April 25, 2024
Economics
Higher Interest Rates: A Tale of Two Economies
The International Monetary Fund (IMF) has shed light on the varied impacts of rising interest rates across different economies in its recent World.
- April 15, 2024