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Sri Lanka embarks on a novel sustainable plan for Nuwara Eliya

Sri Lanka government will be devising a novel sustainable plan for envisaged integrated development of the Nuwara Eliya District giving priority to transform the Municipal Council area and part the Pradeshiya Sabha areas.

New head of Free Trade Zone Manufacturers’ says exporters still facing crisis

Tropical Findings Ltd Director Dhammika Fernando was elected as the new Chairman of the Free Trade Zone Manufacturers Association (FTZMA) as members voted unanimously in favour of him at the 42nd Annual General Meeting held in Colombo on 31 March.

Sri Lanka participates in IMF Spring Meetings under Washington power.

Sri Lanka for the first time under the dictates of Washington based International Monetary Fund (IMF) after the declaring of preemptive debt default for the first time is participating the 2023 Annual and Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group from 10-16.

US Court denies GOSL motion to dismiss $257 million bond default case

New York Federal Court rules in favor of Hamilton Reserve Bank against Sri Lanka bond default dismissing Clifford Chance’s defense on behalf of the SL government.

CMTA urges the government to introduce a vehicle import quota system.

The government has been urged to regulate the motor industry to protect consumers, environment and the economy while introducing a quota system for the imports of vehicles and other essential items, Chairman of the Ceylon Motor Traders’ Association.

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President Orders Faster Development of Katunayake Airport and Domestic Airports

President Anura Kumara Dissanayake has directed officials to accelerate ongoing projects to increase passenger-handling capacity and improve facilities at Katunayake International Airport, while also advancing the development of domestic airports across the country to meet future aviation demands. The directive was issued during a discussion on the 2027 Budget proposals for the Ministry of Ports and Civil Aviation held at the Presidential Secretariat. During the meeting, the President reviewed the progress of development projects at Katunayake Airport and stressed the importance of completing them without delay. He also highlighted the need to expand supporting infrastructure, including road networks surrounding the airport, to improve accessibility and accommodate growing passenger traffic. Improving convenience and facilities for air travellers at both Katunayake International Airport and regional airports was another key focus of the discussion. The meeting was attended by Minister of Ports and Civil Aviation and Minister of Energy Anura Karunathilaka, Minister of Labour and Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando, and Deputy Minister of Ports and Civil Aviation Janith Ruwan Kodituwakku. Other participants included Chief of Staff to the President Prabath Chandrakeerthi, Senior Additional Secretary to the President and Secretary to the Ministry of Energy Russell Aponso, Secretary to the Ministry of Finance, Planning and Economic Development Dr. Harshana Suriyapperuma, and Secretary to the Ministry of Ports and Civil Aviation W. W. S. Mangala. Deputy Secretary to the Treasury A. K. Seneviratne, Director General of the Department of National Budget Jude Nilukshan, and other officials from the relevant institutions and the Ministry of Finance also attended the discussion.
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