Sri Lanka’s Ministry of Finance, or Treasury, will likely take over the USD1 billion debt that SriLankan Airlines (UL, Colombo International) owed, and the government will soon start looking for an investor for the troubled carrier, according to Sujeewa Rajapakse, chairman of the state-owned commercial bank the People’s Bank.
The loss-making Mattala Rajapaksa International Airport (MRIA) facilitated 11,926 international tourists in February 2023 gaining air traffic momentum with the revival of tourism this year, Airport and Aviation Services (Private) Limited of Sri Lanka (AASL) announced.
Local private banks are now introducing innovative financial solutions for rural agricultural and industrial business sectors for the benefit of villagers.
Deputy High Commissioner of India to Sri Lanka, Mr. Vinod K Jacob says that India-Sri Lanka bilateral relations are at their highest point and attributed deep rooted people to people connect as the main reason for the same.
