Remarkable Surge in Agricultural Exports in First Half of 2024 

Secretary to the Ministry of Agriculture and Plantation Industries, B.L.A.J. Dharmakeerthi, highlighted a significant resurgence in the agricultural export sector during the first half of 2024, surpassing performance in the preceding two years. He attributed this growth to decisive actions taken to counter the decline in agricultural export earnings observed in 2023 compared to 2022. Addressing the press briefing titled …

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Building a Robust Economic Framework for Future Generations

The President said inaugurating the new swimming pool at Anuradhapura Central College. President Ranil Wickremesinghe emphasized his commitment to building a robust economic framework that ensures long-term stability for future generations, steering away from short-term solutions that could risk economic collapse. He made these remarks today (13) during the inauguration of the state-of-the-art swimming pool at the Anuradhapura Central College. …

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Vehicle import ban to be lifted by mid August

Finance State Minister Ranjith Siyambalapitiya said that the final decision regarding the lifting of the ban imposed on the import of vehicles will be taken by mid August. The State Minister also pointed out that the committee appointed to look into the matter met on July 4 and agreed to submit its final report to Cabinet by the second week …

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President Chairs Launch of Second and Third Phases of Bingiriya Export Processing Zone Development

President Ranil Wickremesinghe stated that a robust economy can be established by enhancing the export economy, manufacturing, tourism, technology sectors, and modern agriculture. He highlighted that the government has already laid the foundation for this vision. The President made these remarks today (12), during the inauguration ceremony of the second and third phases of the Export Processing Zone in Bingiriya, …

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President Inaugurates First-Ever Department of Cinnamon Development in Karandeniya, Galle

President Ranil Wickremesinghe emphasized that the country’s progress would be undone without the implementation of a proper economic system. He stated that some individuals are spreading various statements aimed at undermining the economy and emphasized that falling prey to such false propaganda could lead to a permanent economic collapse. The President made these remarks while attending the opening of the …

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U.S. SUPPORTS SRI LANKA’S TRADE THROUGH AWARENESS RAISING ON NEW SYSTEM

Public and Private stakeholders, including Mr. Mahinda Siriwardana, Secretary to the Ministry of Finance, Economic Stabilization and National Policies, pose for a group photo following the workshop  The United States, through the United States Agency for International Development (USAID), is supporting the Sri Lankan Ministry of Finance to modernize the country’s trade facilitation infrastructure through the implementation of Sri Lanka’s …

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“Vision 2030” A Blueprint for Sustainable Development presented to the President

A comprehensive policy document titled ‘Vision 2030’, prepared by the Ceylon Chamber of Commerce, to guide Sri Lanka towards sustainable and inclusive development by 2030 was presented to President Ranil Wickremesinghe today (09) at the Presidential Secretariat. This document outlines a strategic roadmap for Sri Lanka to achieve sustainable and inclusive development by the year 2030. ‘Vision 2030’ also analyses …

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Establishing a Fresh Economic and Political System within the Nation is Essential

President Ranil Wickremesinghe recently emphasized that as the country builds a new economy, it is crucial to establish a new political system. This system must foster individuals who can take responsibility and speak the truth fearlessly. He made these remarks during the bankers’ forum organized by the National Bankers Association at Galle Face Hotel, Colombo, yesterday (05). The President stated …

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EDB Hosts Awareness Workshop on Fair Trade Certification Process in Sri Lanka

The Sri Lanka Export Development Board (EDB) recently hosted a workshop on the Fair Trade Certification Process in Sri Lanka bringing 02 prominent certification entities to a one platform. The workshop aimed to educate Sri Lankan producers and exporters about Fair Trade certification processes and the importance of acquiring such certification. The workshop highlighted Fair Trade standards that encompass both …

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SriLankan Airlines to Undergo Restructuring, Not Sale

Minister of Ports, Shipping, and Aviation Nimal Siripala de Silva affirmed that SriLankan Airlines will undergo restructuring instead of being sold. He emphasized that according to existing regulations, only up to 49% of the airline’s shares can be transferred to another entity, yet no suitable investor has expressed interest thus far. Addressing the press briefing titled “Collective Path to a …

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