Sri Lanka’s government is set to remove obstacles hindering the production and export of toddy, kithul, palm and coconut products, aiming to tap into a large overseas market for these goods. The move comes after a meeting of the Sectoral Oversight Committee on National Economic and Physical Plans, chaired by Mahindananda Aluthgamage. The Committee identified
Sri Lanka’s IT industry is growing increasingly impatient with the lengthy wait for approval of Elon Musk’s Starlink satellite internet service. While Starlink is already operational in 32 countries, including developed nations like the US and Germany, Sri Lanka’s Telecommunications Regulatory Commission (TRCSL) has been processing the application for over six months. This delay raises
The Securities and Exchange Commission (SEC), Sri Lanka’s stock market watchdog, revealed in its 2023 annual report that it took action last year to combat the growing trend of unqualified individuals offering investment advice on social media. The SEC has previously penalized licensed advisors for manipulating the stock market. However, a new concern has emerged:
COLOMBO, Sri Lanka – Litro Gas, Sri Lanka’s leading supplier of domestic liquefied petroleum gas (LPG), has announced a price reduction for its cylinders effective tonight, June 4th. Litro Gas Chairman Muditha Peiris confirmed the price reductions, which apply across all cylinder sizes. The 12.5 kg cylinder will see the most significant decrease, dropping by
COLOMBO, Sri Lanka – Moscow State Medical University Sechenov, a renowned institution with a nearly 150-year legacy, is exploring investment opportunities in Sri Lanka’s higher education sector. Last Saturday, a high-level academic delegation from the university visited Sri Lanka. The delegation participated in discussions at the Russian Cultural Centre, followed by a meeting with the
Sri Lanka’s tourism industry reached another milestone in May, surpassing the 100,000 mark in arrivals with a total of 108,665 visitors. However, this figure marks the second consecutive month with arrivals falling below the 200,000 mark previously sustained for half a year. This slight dip is attributed to the end of the European winter season,
The International Monetary Fund (IMF) has scheduled a review of Sri Lanka’s economic program for June 12th. This review will assess the country’s progress on reforms and economic policies. “The session will evaluate Sri Lanka’s economic policies and reform progress,” stated State Minister for Finance Shehan Semasinghe. “We look forward to the continued support of
Sri Lankan travelers rejoice! Starting June 1st, you’ll be able to enjoy visa-free entry to Thailand for up to 60 days. This exciting news comes as part of a Thai government initiative to boost tourism in the country. Sri Lanka is among 36 new additions to Thailand’s existing list of 57 visa-free countries. This means
The construction industry in Sri Lanka is showing signs of recovery after facing multiple crises, including the Easter Sunday attacks, the COVID-19 pandemic, and economic challenges, according to Eng. Col. Nissanka N. Wijeratne (Retd), Secretary General/CEO of the Chamber of Construction Industry of Sri Lanka (CCI). At the recent Build Sri Lanka Housing & Construction
Last week, the High Commissioner of India, Santosh Jha, undertook a comprehensive visit to the Eastern Province (EP), engaging with key stakeholders across Ampara, Batticaloa, and Trincomalee districts. His discussions with Governor Senthil Thondaman and various MPs underscored the strategic importance of the Eastern Province in the bilateral partnership between India and Sri Lanka. Highlighting