ECONOMYNEXT – Colombo Dockyard, a unit of Japan’s Onomichi group will invest to boost afloat repairs at Sri Lanka’s Hambantota International Port, which is run by China’s CM Ports. Hambantota International Port Group (HIPG) said it had signed an agreement…
ECONOMYNEXT – Sri Lanka’s domestic banks are in talks with the government seeking repayment of their sovereign bonds in rupees, sources said though there are concerns over the likely impact on the exchange rate from such a move. Out of…
The Ceylon Chamber of Commerce requests the Government to consider all aspects of the new eVisa issuance process and review the pricing in the larger interest of growing the tourism sector. Presently, there is great debate on the cost and…
ECONOMYNEXT — Three consumer confidence indices run by an independent polling institute increased to their highest levels since 2021 in June besides remaining at pessimistic levels. The three indices, generated by the Institute for Health Policy (IHP)’s Sri Lanka Opinion…
ECONOMYNEXT – The parliament’s Committee on Public Finance has recommended that the controversial GBS-IVS, VFS Global visa deal be abrogated or revised and the award of the deal without tenders should be forensic audited, its Chairman Harsha de Silva said.…
ECONOMYNEXT – Sri Lanka’s remittances coming through official channels gained 11.4 percent to $3.14 billion in the first six months of 2024 compared to the same period last year, helped by more expatriates using the official banking channels. The remittances…
ECONOMYNEXT – Sri Lanka’s election laws are still in force and all should abide the law, the island nation Election Commission (EC) said amid many political parties and their candidates in the run up to presidential poll have started distributing…
ECONOMYNEXT – Sri Lanka’s attempt to woo tourists from 67 countries with free visas is likely to face a 10 dollar charge from VFS Global, an outsourcing provider and also the website, Tourism Minister Harin Fernando said. “There is a…
ECONOMYNEXT – Sri Lanka will launch a campaign to promote Trincomalee and Arugam Bay as part of efforts to promote marine tourism and attract higher spending tourists, Tourism Minister Harin Fernando said. “We will do a marine tourism launch in…
ECONOMYNEXT – State-owned SriLankan Airlines has dropped pepper and salt packs from its food dishes served for economy class passengers since late last year and made it on demand, witnesses and officials say. However, the airline has been continuing the…
