Sri Lanka is set enhance its position in the global market through a robust new product development strategy, which will also create new market opportunities, President Anura Kumara Disanayake emphasized.
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The Chairman of the Committee on Public Finance, MP Dr. Harsha de Silva stated that both the Undial system and the Hawala system are not illegal in Sri Lanka.
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The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has approved the tariff plans for ‘Starlink’ satellite broadband services to be implemented through ‘Starlink’ Lanka (Private) Ltd.
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Business News of the Day
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Sri Lanka’s Trade Minister, Wasantha Samarasinghe, faced backlash after revealing a request from local tyre manufacturers to impose further import controls.
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Health and Media Minister Dr. Nalinda Jayatissa announced yesterday that the Government had decided to modernise and develop the Thriposha Company in Kandana, operating under the Health and Media Ministry and continue it as a State-owned enterprise to fulfill the nutritional needs of the nation.
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In response to concerns over the risks posed by fixed structures at the Colombo International Airport, Ratmalana and the recent Jeju Air Flight 2216 tragedy at Muan International Airport, South Korea, which claimed 179 lives, Minister Bimal Ratnayake has directed authorities to remove such structures.
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The government is aiming to increase the quality in the tourism sector just as quantity in order to attract high-end tourists to the country, Minister of Foreign Affairs Vijitha Herath said.
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Sri Lanka is poised to make a significant leap in its tourism industry, aiming for 3 million tourist arrivals in 2025. This ambitious target comes on the heels of a projected 2.1 million visitors in 2024 as the nation steadily recovers from the economic challenges it faced in recent years.
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Sri Lanka’s budget is getting into fine shape with substantially higher revenues made possible from higher taxes which are further supported by the robust recovery seen in the economy this year.
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