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Central Bank predicts Sri Lanka economic recovery in 2H 2023
The Central Bank has outlined its short to medium-term policy path and other measures that it intends to implement primarily to restore price stability and to maintain the financial system stability, as Sri Lanka struggles to emerge from the worst economic crisis since its independence.
Port City Colombo to be transformed as alternate to Singapore, Dubai
Colombo Port City, a shiny metropolis rising out of the water along the Sri Lankan capital's seafront at Galle face with the huge expanse of sand reclaimed from the sea is being transformed into a high-tech city as an alternate to Singapore, Dubai, Monaco or Hong Kong
Sri Lanka precious mineral exploration goes haywire
Sri Lanka's precious mineral exploration has become highly irregular activity from the issuance of licences for mining and till the end of exploration owing to corrupt and wasteful administrative practices of Geological Survey and Mines Bureau (GSMB).
Government to set up holding company to expedite SOE reforms
The Government is to set up a holding company with 100 percent equity ownership vested with the Treasury Secretary and to make necessary arrangements to bring identified SOEs under this entity for restructuring.
Electronic Shopping Mall opens at BIA enhancing modern facilities
Even amidst economic crisis, cash strapped Sri Lanka is striving to develop Colombo as a destination for aviation by completing the construction work of the Terminal 2 of Bandaranaike International Airport (BIA) this year.