Economics

Aitken Spence Reports 10.4% Growth in EBITDA to Reach Rs. 8.9 Billion in 1H25

Aitken Spence PLC, a leading diversified conglomerate, announced a strong financial performance for the first half of the fiscal year 2025. The company recorded an impressive 10.4% growth in EBITDA, reaching Rs. 8.9 billion for the six months ending 30th September 2024. This growth excludes the impacts of foreign currency exchange gains and losses, reflecting

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Tourism

Ceylon Chamber Calls for Review of e-Visa Pricing and Strategy

The Ceylon Chamber of Commerce has called on the Government to reassess the new e-Visa issuance process and its associated costs to better support the growth of Sri Lanka’s tourism sector. The Chamber expressed concerns that the current debate over the pricing and procedure of the e-Visa system is detracting from efforts to enhance destination

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Tourism

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 and tourism companies to import electric and hybrid vehicles. The approvals were handed out by Tourism Minister Harin Fernando during a recent event. The approved firms include: On April 1, the Cabinet

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