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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...

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...
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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...

Economic Stabilization Process Advances under New Government

Debt Restructuring Completed Relief Packages Rolled Out for Small and Medium-Scale Entrepreneurs Safeguarding the Well-Being of Low-Income Earners A press briefing on the economic stabilization process and the proposed relief packages for the public was held today (26) at the...

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,...

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...

Members Appointed to the Port City Economic Commission

President Anura Kumara Dissanayake has officially appointed members to the Port City Economic Commission. The official letters of appointment were handed over to the members by the Secretary to the President Dr. Nandika Sanath Kumanayake at the Presidential Secretariat today...

Nadu Rice Prices Set: Wholesale Rs. 225, Retail Rs. 230

President Emphasizes Strict Action against Traders Not Adhering to Controlled Rice Prices • White Rice Prices: Wholesale Rs. 215, Retail Rs. 220• Imported Nadu Rice Retail Price Set at Rs. 220• Samba Rice Prices: Wholesale Rs. 235, Retail Rs. 240•...

World Bank Pledges Support for Sri Lanka’s “Clean Sri Lanka” Programme

The World Bank has expressed its commitment to supporting the Government of Sri Lanka’s “Clean Sri Lanka” programme, as announced by World Bank Executive Director Parameswaran Iyer during a meeting with President Anura Kumara Dissanayake at the Presidential Secretariat today...

IMF approves third review of Sri Lanka’s $2.9bn bailout, but warns of risks

Global lender says it will release about $333m to crisis-hit nation as signs of economic recovery emerge. The International Monetary Fund (IMF) has approved the third review of Sri Lanka’s $2.9bn bailout but warned that the South Asian island nation’s...
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