ADB-SLTDA introduce e-learning platform to enhance homestay mgmt

The Sri Lanka Tourism Development Authority (SLTDA), in collaboration with the Asian Development Bank (ADB), has launched an innovative e-learning platform aimed at improving the management and operational standards of homestays across Sri Lanka. The initiative is part of ADB’s technical assistance programme (TA 9881 SRI: Supporting Tourism Resilience) and is designed to build resilience and sustainability within the tourism …

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Coconut industrialists urge shift to processed products for export revenue growth

Coconut Milk Manufacturers’ Association (CMMA) President Randeewa Malalasooriya says that the nation’s coconut industry has the potential to bring in $ 2.5 billion as revenue up from the current industry average of $ 850 million. Malalasooriya further stated that the country must improve the annual coconut production to 4.5 billion nuts in the long term while also focusing on the …

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Towards the Agripreneurship in Sri Lanka

Many Sri Lankans rely on agriculture as their primary source of income and it is contributing significantly to the country’s economy. And also agriculture has an unchanging demand, mainly due to its heavy contribution to food security. It is one of the key sectors that offers significantly to the development of any country’s economy, interacting with other sub-sectors related to …

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Finance Ministry sets up special committee to address MSME challenges

The Finance Ministry yesterday announced that it has initiated the formation of a special advisory committee to address challenges faced by Micro, Small and Medium-sized Enterprises (MSMEs) in implementing the Parate law, a legal provision that allows banks to seize collateral from loan drafters without Court intervention. The Ministry said the committee aims to provide sustainable solutions and develop policy …

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Sri Lanka set to launch ‘GovPay’ digital payment platform

As the initial step in the digitalization of government services, the ‘GovPay’ digital payment platform will be launched by the government of Sri Lanka on February 07. Accordingly, the launch ceremony will be held on February 07, under the patronage of President Anura Kumara Dissanayake. This platform is expected to streamline and modernize transactions conducted through government institutions, enabling seamless …

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Government Allocates Record-High Budget for Capital Expenditure

• Several decisions by the government to facilitate investors• A nation cannot progress without a transformative shift in public attitudes.• Economic resources and opportunities must be introduced at the village level.• Plans to prepare Sri Lanka for a transformation in Southeast Asia• Moving from an individual-targeted aid approach to a community empowerment model• Companies unable to provide a daily wage …

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This year’s budget will be presented with the aim of decentralizing the concentrated economy by involving every segment of the population

President Anura Kumara Disanayake stated that this year’s budget will be prepared with the objective of involving every segment of the population in the country’s economic processes. The President expressed these views during a preliminary discussion held today (21) at the Presidential Secretariat with officials from the Ministry of Finance regarding the formulation of the 2025 budget. The discussion focused …

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Financial and Technical Assistance from the World Bank for Key Government Projects

Martin Raiser, Vice President for South Asia at the World Bank, stated that the organization is committed to providing financial and technical assistance for Sri Lanka’s key government projects. This statement was made during a meeting between President Anura Kumara Disanayake and representatives of the World Bank held today (21) at the Presidential Secretariat. During the discussion, consensus was reached …

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Central Bank of Sri Lanka launches the Digital Payments Promotion Campaign 2025

The Digital Payments Promotion Campaign 2025 under the theme of “Shaping the Future through Digital Transactions” was launched by Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka (CBSL) on 9th January 2025, at the Magam Ruhunupura Administrative Complex in Hambantota. The campaign was organized by CBSL with the support of Mr. Bimal Indrajith De Silva, District Secretary …

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