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China, US and India to sit together to discuss issues of indebted countries
US, China and India top financial sector officials will sit together at the new debt round-table discussions on the settlement of debt issues of several cash crunch countries in India on February 17 , IMF sources said.
Sri Lankan company saves over Rs.1.5 billion by producing saline
Board of Investment approved, Kelun Lifesciences Ltd., one of the largest pharmaceutical manufacturing facilities in Sri Lanka has saved over Rs. 1.5 billion by manufacturing saline locally.
Govt assists the local toddy industry to explore the export market
Sri Lanka government is ready assist local toddy producers to enter into international markets by manufacturing quality and unadulterated alcoholic beverages for exports to earn much needed foreign exchange.
Credit card usage down with balance due rose to over Rs2.6 billion
Sri Lankans, whose real incomes are getting hammered on a daily basis from soaring inflation, have turned to their credit cards, as there was a considerable increase in the outstanding balance of credit cards in December from a month ago, when the financial and economic misery became more pronounced.
SL tourism earns US$161.8 nillion with 24.5% increase in arrivals in Jan 2023
Sri Lanka tourism revival efforts of the country’s tourism development authority (SLTDA) is now yielding positive results with significant increase in travelers’ arrival in January 2023 to 102,545 an increase of 24.5% compared to January 2022 and reaching 43% pre pandemic levels (2018).