Implement Necessary Plans Swiftly to Make Sri Lanka an Attractive Tourist Destination

– President Instructs the Officials President Anura Kumara Disanayake has instructed officials to promptly implement the necessary plans to position Sri Lanka as an attractive destination for tourists.He further emphasized that the successful implementation of the “Clean Sri Lanka” initiative would strengthen efforts to promote the tourism industry.The President made these remarks during a meeting held at the Presidential Secretariat …

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New maximum retail price set for canned fish

The Consumer Affairs Authority has announced new maximum retail prices for specific types of canned fish, effective today. This directive, issued under Section 20(5) of the Act, prohibits local manufacturers, packers, distributors and traders from selling or displaying canned fish at prices higher than the stipulated rates. The types of canned fish and their maximum retail prices (MRP) are as …

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GOVPAY : Special program to promote digital payments

The Ministry of Digital Economy has unveiled a specialized program aimed at boosting digital payment adoption. Deputy Minister Eranga Weeraratne informed the Daily Mirror that approximately 1% to 1.5% of the nation’s annual gross domestic product (GDP) is expended on transactions involving physical currency. He emphasized that cash-based payments can contribute to greater risks of fraud and corruption, as well as inefficiencies …

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EDB Hosts Workshop on Dry Rubber Compounding and Plant Management

The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka Automotive Component Manufacturers Association (SLACMA) and Technobiz Lanka, successfully conducted a two-day workshop on Dry Rubber Compounding Technology and Plant Management. The event held at the EDB headquarters, aimed to enhance the skills and knowledge of technical professionals in the rubber manufacturing industry, including those serving the …

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Economic Stabilization Process Advances under New Government

A press briefing on the economic stabilization process and the proposed relief packages for the public was held today (26) at the Presidential Media Center (PMC). Minister of Labor and Deputy Minister of Economic Development, Dr. Anil Jayantha Fernando, along with Deputy Minister of Finance and Planning, Dr. Harshana Suriyapperuma, attended in the briefing. The media statement released during the …

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Export Performance in November 2024

Total exports for November 2024, including both merchandise and services, were recorded at US$ 1,269.33 million, reflecting a marginal increase of 0.04% compared to the same period in 2023. As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in November 2024 amounted to US$ 943.1 million, reflecting a 5.6% decline compared to November 2023. …

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Moody’s raises Sri Lanka’s rating after debt overhaul approval

Dec 23 (Reuters) – Credit ratings agency Moody’s on Monday raised Sri Lanka’s long-term foreign currency issuer rating to ‘Caa1’ from ‘Ca’ with a stable outlook, after the country’s creditors approved a $12.55 billion debt overhaul last week. Sri Lanka’s credit profile reflects the reduction in external vulnerability and government liquidity risk, and prospects for fiscal and debt sustainability, Moody’s …

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President Leads Discussion on Sri Lanka’s Framework for Combating Money Laundering and Terrorism Financing

A high-level discussion on the critical preparations for Sri Lanka’s upcoming Mutual Evaluation (ME) by the Asia/Pacific Group on Money Laundering (APG) was held today (23) at the Presidential Secretariat under the patronage of President Anura Kumara Disanayake. The meeting focused on preventing money laundering and countering terrorism financing (AML/CFT) and included participation from cabinet ministers, ministry secretaries, officials from …

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SMEs Guide SL: Relief Measures to Assist the Affected Small and Medium Enterprises

The Central Bank of Sri Lanka issued a Circular to Licensed Banks on 19.12.2024, highlighting relief measures to be provided to the Small and Medium Enterprises (SMEs) affected due to the Easter Sunday attack, COVID-19 pandemic, and the extraordinary macroeconomic conditions that prevailed during the recent past, as agreed by the Sri Lanka Banks’ Association (Guarantee) Ltd. (SLBA) during the …

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President Expresses Gratitude to China for Debt Restructuring Support and Economic Assistance

President Anura Kumara Dissanayake expressed his gratitude to the Chinese government for its support during debt restructuring as well as in the face of the economic crisis. He stated that his appreciation extends to China’s assistance in the debt restructuring program and its provision of loans to Sri Lanka during the economic challenges. President Dissanayake made these remarks during a …

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