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IMF claims Sri Lanka tax hike to help creditors regain confidence
The International Monetary Fund (IMF) has defended the income tax hike and other tax reforms as essential for fiscal stability critical for Sri Lanka while declaring that it recognizes the economic hardship of people.
WB reaffirms continued support for SL to navigate economic challenges
World Bank Vice President for South Asia, Martin Raiser recently concluded his four-day visit to Sri Lanka reaffirming the World Bank’s continued support to help the country navigate economic challenges, implement critical reforms, and chart a path towards a resilient and inclusive recovery.
India‘s EV hub plan prompts SL to go for electric bus transportation
With India looking very positively at becoming a manufacturing hub for electric vehicles (EV), joint venture partners are looking very closely at Hambantota International Port (HIP) as the key transshipment point for their markets in the east and west of the island.
Sri Lanka’s sea food exports to further enhance with state assistance
Sri Lanka’s sea food exports are to be further enhanced providing necessary government assistance to the private sector to transform the fish industry into a key foreign exchange earner by introducing modern technology , Ministry of Trade Commerce sources said.
Private parties to supply A1 jet fuel for Sri Lanka Airports
The government is to allow private parties to supply A1 jet fuel for planes servicing at the country’s airports without any shortages.