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SL tourism regains momentum to end the year with 750,000 tourist arrivals
Sri Lanka hopes to double tourist arrivals to 1.5 million next year and bring in US$5 billion (about Rs22.1 billion) in vital foreign exchange with the regaining of tourism to end this calendar year with 750,000 tourist arrivals and about $2 billion in earnings, Tourism Minister Harin Fernnado said.
China with WB, IMF to address issues of debt-stricken countries including SL
The presidents of Export-Import (EXIM) Bank of China and China Development Bank (CDB) have had a positive discussion with IMF and World Bank chiefs on the international economic situation and the debt of developing countries including Sri Lanka.
India’s IRCON secures $ 14.9 m Railway telecom system project in Sri Lanka
Ircon International Ltd. (IRCON) has secured an order on competitive bidding basis valuing $ 14.89 million in Sri Lanka.
CB Governor on reverse gear relating to exporters stashing dollars overseas
Central Bank’s assertion of the hording of billions of dollars in overseas has become mere words with no credibility following its Governor Nandalal Weerasinghe’s statement in an interview in which he claimed that exporters are not keeping money overseas.
SL Imports in Oct. down YoY for 8th month but higher from Sept.
Sri Lanka’s imports in October declined for the eight consecutive month, despite recording an increase, compared to September 2022.