The Colombo High Court has moved to February 21 to deliver its decision pertaining to the reply submissions by the Bribery Commission in relation to the case filed against former Central Bank Governor Ajith Nivard Cabraal and a group of defendants.
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Sri Lanka’s apparel exports in 2024 grew by 5% to $ 4.76 billion as per provisional data released by the Joint Apparel Association Forum.
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The Government of Sri Lanka has decided to recommence the construction of Kurinchakerny Bridge in Kinniya facilitating transportation needs of thousands of people in the area.
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Three investment zones will be established in Sri Lanka’s Northern Province, President Anura Kumara Disanayake told the World Bank.The statement was made during a meeting between President Anura Kumara Dissanayake and representatives of the World Bank held at the Presidential Secretariat.
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The World Bank reaffirmed its support for Sri Lanka with plans to finance three key projects over the next three months totaling $200 million.
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The Central Bank has taken steps to regulate informal money transfer systems including Undial and Hawala to ensure financial stability and prevent illicit activities.The Undial and Hawala systems are informal, trust-based methods of transferring money, common in South Asia and West Asia.
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Sri Lanka central bank’s net foreign assets rose to about 310 million US dollars in November 2024, official data show, as it bought foreign exchange outright through deflationary policy and also settled reserve related liabilities.
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The highly delayed operational expansion of the Jaya Container Terminal (JCT) is affecting operations at the Colombo Port while doubling the building cost along with the procurement of new gantry cranes.
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Recognized by the BBC as the ninth destination on its prestigious list of “The 25 Best Places to Travel in 2025,” Sri Lanka continues to capture the imagination of travelers worldwide.
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The transshipment volumes handled by the Port of Colombo jumped by 9.7 percent year-on-year (YoY) to a record high of 6.31 million 20-foot equivalent units (TEUs) in 2024, with the transshipment volumes accounting for 81 percent of the port’s container throughput during the year.
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