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Sri Lanka business community sentiment on the economy under siege : Survey

Sri Lanka business heads are looking at pros and cons in order to make sustainable business plans considering the economic situation under barricade, the latest edition of leading business magazine LMD observed.

SL’s creditors to enter consensus on common framework to get IMF EFF

Sri Lanka is set to secure financing support from the IMF after the fund’s Executive Board fixed a date of 20 March to review the US$2.9 billion staff-level agreement that the country signed with the IMF in September 2022.

Princess Cruise Arrives in the island, with nearly 2,000 passengers

Another luxury passenger ship ‘Princess Cruise’ docked at the Colombo yesterday morning (11 March), with nearly 2,000 passengers aboard mainly from the US , the fourth luxury cruise with in around three months from the arrival of the previous cruise liner in the island on November 2022 signaling the revival of the country’s hospitality industry.

ADB WB, USAID and JICA support CEB restructure setting up 4 companies

The Asian Development Bank (ADB), World Bank (WB), USAID and JICA have assured their assistance for the restructuring process of the Ceylon Electricity Board (CEB), Power and Energy Minister Kanchana Wijesekara said.

SriLankan Airlines to position Sri Lanka as a MICE destination via Expo

SriLankan Airlines will unite with the Sri Lanka Convention Bureau to organize the Sri Lanka MICE Expo from 13 – 15 March 2023 at Shangri-La Colombo in a bid to position Sri Lanka as a preferred destination for Meetings, Incentives, Conferences and Exhibitions (MICE).

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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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