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Rubber exports slight decline to US $900 million in 2022 from $ 1 billion in 2021
Sri Lanka has earned Rs 327 billion (US $900 million) in 2022 by exporting rubber products and this was a slight drop from 2021 revenue of $1 billion, the Rubber Development Department DG Madawa Kulasuriya said.
SL attracts over 60,000 tourists in 19 days this month nearing 105,000 target
With its golden beaches, towering mountains, ancient monuments and stunning wildlife all encircled in the pearl of the Indian Ocean, Sri Lanka is set to meet the target of 105,000 tourist arrivals for January having already received a record 62,334 tourists, tourist arrivals in the first 19 days of January.
Fitch downgrades five Lankan finance and leasing companies
Fitch Ratings has downgraded the National Long-Term Ratings of five Sri Lankan finance and leasing companies (FLCs) after the recent sovereign downgrade and recalibration of the agency’s Sri Lankan National Rating scale.
Colombo Port City new casino laws meet COPF hurdle
Colombo Port City Economic Commission’s latest move of enacting new legislation that would allow the country’s under-construction Colombo Port City development to feature at least one large casino resort came under stern objection of the public finance committee.
UAE to crack down on illegal human smugglers amid the surge in SL job seekers
The United Arab Emirates (UAE) has decided to take stern action against illegal human smuggling racketeers as more and more Sri Lankans visiting that country for employment.