In a bid to overcome the energy crisis, the Government has decided to equip a total of 11,219 State properties including education, religious and other buildings with rooftop solar panels.
Bangladesh and Sri Lanka will soon enter into a Preferential Trade Agreement (PTA) following the decision to expedite negotiations and clonclude it shortly, official sources said.
Sri Lanka’s apparel sector has ended 2022 with 22% growth in exports to US $ 5.6 b and higher than pre-COVID’s $ 5.3 b but suffered dip in YoY growth in last quarter
Sri Lanka’s external sector performance has been resilient with high export earnings, decline in imports, lowests trade deficit, moderate foreign remittances and recovery in tourism in 2022.
Sri Lanka’s proposed electricity price increase for the second time in five months by around 60 to 65 percent in accordance with the pricing formula has resulted in a tug of war due to the single handed protest of Public Utilities Commission chairman Janaka Rathnayake.
