Radi

Several airlines are contemplating on suspending their operations to Sri Lanka threatening tourism industry’s recovery, which depends on air connectivity as no credible solution to resolve the jet fuel shortage and the fund repatriation issues faced by the country’s aviation industry.

Sri Lanka's tea industry has survived world wars and global depressions - but now it's really in jeopardy as its production down 22.7 percent in June 2022 from a year earlier to 18.5 million kilograms while the total output for the first six months dipped 17.8 percent from the previous year, official data shows.

Sri Lanka has asked China to help with trade, investment and tourism to help it grow sustainably, Colombo’s envoy to Beijing said on Monday as it negotiates for an emergency $4 billion package to help it emerge from an economic meltdown.

The Energy Ministry has decided to dispense limited volumes of fuel in the next 12 months from Ceypetco filling stations to vehicles but it will be starting QR code system with effect from August 1st

Highly respected eminent economist and former Central Bank Governor Dr. Indrajit Coomaraswamy has said the economic recovery will require painful treatment whilst expressing hopes that President Ranil Wickremesinghe would take all the tough decisions to avoid the disastrous situation.