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U.S DFC  approves US$120M in new Loans to improve Sri Lanka economy  

The Embassy of the United States of America announced today that the U.S. International Development Finance Corporation (DFC) Board of Directors has approved $120 million in new loans to grow and support the Sri Lankan economy.

Govt offers special 40-year tax amnesty for Port City investors

Cash strapped Sri Lanka is to provide  special 40-year tax amnesty for Chinese-built Colombo Port city to attract potential investors as it has so far failed  to attract major foreign direct  investments after the much-hyped since its opening for investors nearly one year ago, a senior treasury official said.

US grants $27 million to strengthen Sri Lanka’s dairy industry

The US Department of Agriculture has given its consent to allocate financial assistance for the implementation of market-oriented milk production project in Sri Lanka. The...

SL import expenditure declined for the second consecutive month in April

Sri Lanka’s expenditure on imports has declined, year-on-year, for the second consecutive month in April as curb measures by the Central Bank kicked in whilst higher exports helped cut the trade deficit

Worker remittances to Sri Lanka gain momentum in May

Worker remittances to Sri Lanka recovered in May from April levels, but still stand significantly below what the country received a year ago, Central Bank sources said.

Breaking

UN Flags Sri Lanka’s Slow Progress on Enforced Disappearances

The United Nations Committee on Enforced Disappearances (CED) has...

Sri Lanka Tourism Surges: October Arrivals Break New Records

Sri Lanka’s tourism industry has entered October on a...

Banking Sector Assets Expand 14.9% amid Profit Surge and Lower Defaults

Sri Lanka’s banking sector displayed renewed resilience in the...

Mini World’s End Temporarily Closed Following Wasp Attacks

The Meegahakivula Pradeshiya Sabha has temporarily closed the Mini World’s End tourist site...
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