ECONOMYNEXT — Sri Lanka’s outgoing Power & Energy Minister Kanchana Wijesekara said he leaves the ministry and institutes under his purview in stronger financial positions with adequate stocks of petroleum products and coal for power generation and fuel supply. All…
ECONOMYNEXT – Sri Lanka’s government and private borrowers has serviced 2.58 billion dollars of debt in 2023 and 2.48 billion in 2022, the year that the country defaulted on external debt, the Finance Ministry said. In 2022, central government principal…
ECONOMYNEXT – Sri Lanka’s President Ranil Wickremesinghe has said he is hopeful the trend on focusing on the economy during election instead of race and religion will continue. “It is always said, you must look after the stomach before you…
ECONOMYNEXT – Refusing to work with the International Monetary Fund’s debt sustainability analysis for Sri Lanka will lead to un-quantifiable delays in the program with Sri Lanka, the Finance Ministry has said in an explainer on the matter. “Any country…
ECONOMYNEXT – Gagan Malik, an Indian film actor famous for playing the role of Prince Siddhartha in the film ‘Sri Siddhartha Gautama,’ has visited Sri Lanka with 65 Buddhist pilgrims from Maharatshtra, Madhya Pradesh and Telengana. Malik, who is also…
ECONOMYNEXT – Sri Lanka’s economy will not collapse under a National People’s Power administration but will be taken forward, leader Anura Kumara Dissanayake told the business community. “We will first give a guarantee that this economy will not be allowed…
ECONOMYNEXT — Sri Lanka’s cabinet of ministers has approved a proposal by the aviation minister to to award a contract to Viasat Inc. to obtain Ka band satellite internet connectivity for seven A330-300 aircraft of the SriLankan Airlines fleet. A…
Sri Lanka’s leading hospitality chain, Aitken Spence Hotels, announces its latest venture: the takeover of the management of Rainforest Ecolodge, the first classified ecolodge in the country. This partnership is more than just a management agreement; and represents a continuation…
ECONOMYNEXT – Sri Lanka’s Cabinet of Ministers has approved taking necessary steps to pass a ‘Burial and Cremation Rights Bill’, the country’s Minister of Justice M U M Ali Sabry said. “Today, the Cabinet of Ministers approved taking steps necessary…
ECONOMYNEXT – Sri Lanka’s Cabinet of Ministers has approved taking necessary steps to pass a ‘Burial and Cremation Rights Bill’, the country’s Minister of Justice M U M Ali Sabry said. “Today, the Cabinet of Ministers approved taking steps necessary…
