Tourism earnings up 56% to $ 2.8 b in first 11 months
Sri Lanka’s tourism sector has showcased a stunning recovery in 2024, recording a 56% increase in revenue, accumulating over $2.8 billion in the first 11 months of the year(Tourism Earnings). This significant growth highlights the industry’s potential as a major contributor to the country’s economic revival. November 2024: A Month of Remarkable Growth In November […]
Palm oil industry pushes for ban reversal under new Govt.
Sri Lanka’s palm oil industry is urging the government to reconsider the 2021 ban on oil palm cultivation. Advocates argue that lifting the ban could provide significant economic, environmental, and strategic benefits. During the Palm Oil Industry Association of Sri Lanka (POIASL)’s fifth Annual General Meeting (AGM), its president, Dr. Rohan Fernando, emphasized the importance […]
Experts urge caution as Govt. prepares to lift vehicle import restrictions
As Sri Lanka prepares to lift restrictions on vehicle imports early next year, industry experts are urging the government to prioritize importing new vehicles over used ones. They warn of significant environmental, economic, and technological consequences if outdated vehicles are allowed to flood the market. The Risks of Reintroducing Used Vehicles Experts emphasize the challenges […]
Govt. Invests Rs. 44 Billion in Locally Manufactured Medicines
In a significant move to address medicine shortages and promote local production, the Government has approved the procurement of medicines and medical supplies worth over Rs. 44 billion from local manufacturers. This initiative aims to enhance the availability of essential medicines in hospitals and clinics while boosting the pharmaceutical industry. Cabinet Approval and Procurement Strategy […]
Sri Lanka Tourism Records Growth in November with 1.8 Million Visitors Year-to-Date
Sri Lanka’s tourism sector marked a significant milestone in November, crossing 1.8 million tourist arrivals in the first 11 months of 2024(Tourism Growth). November itself recorded 184,158 visitors, making it the highest monthly tally since July 2024 and a promising sign of recovery for the industry. November Sees a 22% Growth Year-on-Year Tourist arrivals in […]
ශක්තිමත් අපනයන වර්ධනය 2024 ඔක්තෝම්බර් මාසයේදී ශ්රී ලංකාවේ බාහිර අංශය ශක්තිමත් කරයි
ශක්තිමත් අපනයන කාර්ය සාධනය සහ වැඩි වූ විදේශ ගලා ඒම මගින් ශක්තිමත් වූ ශ්රී ලංකාවේ බාහිර අංශය(External Sector) 2024 ඔක්තෝම්බර් මාසයේදී කැපී පෙනෙන වර්ධනයක් අත්කර ගත්තේය. විදේශ සංචිත ඉහළ යාමට, වෙළෙඳ හිඟය අඩුවීමට සහ ශ්රී ලංකා රුපියල අඛණ්ඩව ඉහළ යාමට මෙම සාධක හේතු විය. ශ්රී ලංකා මහ බැංකුව (CBSL) සිය නවතම බාහිර අංශයේ වාර්තාවේ මෙම […]
Robust Export Growth Strengthens Sri Lanka’s External Sector in October 2024
Sri Lanka’s external sector witnessed remarkable growth in October 2024, bolstered by strong export performance and increased foreign inflows. These factors contributed to higher foreign reserves, a narrowing trade deficit, and a continued appreciation of the Sri Lankan rupee. The Central Bank of Sri Lanka (CBSL) detailed these developments in its latest external sector report. […]
රජය කුඩා හා මධ්ය පරිමාණ ව්යවසායකයින් සඳහා සහන සැලසීමට ක්රියාමාර්ග ගනී
ක්ෂුද්ර, කුඩා හා මධ්ය පරිමාණ ව්යවසායකයන්ට (MSMEs) එරෙහිව පැනවූ ක්රියාමාර්ග අත්හිටුවීම 2024 දෙසැම්බර් 15 වැනි දිනට පෙර නියමිත කාල සීමාවෙන් ඔබ්බට දීර්ඝ කරන බව ශ්රී ලංකා රජය නිවේදනය කර ඇත(Parate Action). මුදල් හා සැලසුම් රාජ්ය අමාත්ය ආචාර්ය.හර්ෂණ සුරියප්පෙරුම මහතාගේ ප්රධානත්වයෙන් එම ව්යාපාර නියෝජිතයින් සමඟ පැවති මූලික හමුවකදී මෙම තීරණය ගන්නා ලදි. මූල්ය අභියෝගවලට මුහුණ දෙන […]
Government Extends Parate Action Freeze for MSMEs
The government of Sri Lanka has announced that the freeze on parate action against Micro, Small, and Medium Enterprises (MSMEs) will be extended beyond the original deadline of 15 December 2024. This decision was made during a key meeting chaired by Deputy Minister of Finance and Planning, Dr. Harshana Suriyapperuma, with representatives of MSME organizations. […]
CBSL Introduces Historic Overnight Policy Rate for Monetary Policy Easing
The Central Bank of Sri Lanka (CBSL) has announced a significant shift in its monetary policy, signaling a fresh round of easing with the introduction of the Overnight Policy Rate (OPR). This move marks a historic change in how CBSL implements its monetary policy, with the aim of enhancing the efficiency of policy rate transmission […]