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Sri Lanka seeks US$ 1 billion currency swap from India to facilitate trade

After receiving the US$330 million first tranche of the International monetary Fund’s (IMF) Extended Fund facility of around $3 billion, Cash strapped Sri Lanka is in talks with India for a billion US dollar equivalent Indian rupee central bank swap, to facilitate trade.

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SL export earnings decline further in February to around US$1 billion

Reflecting lower global demand and rising inflation, earnings from exports declined further for the second consecutive month as February merchandise shipments were down by 8.06% year-on-year to $ 1 billion, the Export Development Board said yesterday.

Sri Lanka seeks Indian aid for further development of transport sector

Sri Lanka has sought Indian government assistance to further develop the country’s infrastructure and transport sectors.

SL Food crisis to worsen amid poor agri production, price spikes and economic crisis

Food crisis in Sri Lanka likely to worsen amid poor agricultural production, price spikes and ongoing economic crisis.

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Sri Lankan Filmmakers Target Hollywood, Opening New Global Opportunities

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Visa Fraud Syndicates Exploit Sri Lankans’ Desperate Foreign Dreams

Sri Lanka’s desperate search for overseas employment and better...

HSBC’s Dual Exit Exposes Sri Lanka’s Investor Confidence Crisis

Sri Lanka’s economic recovery faces a fresh test as...

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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