SLTDA sets record straight on rant by US tourist George

The Sri Lanka Tourism Development Authority (SLDTA), which came under harsh criticism for not having the required systems in place to welcome tourists, as highlighted by a US traveler identifying as George, released a statement to set the record straight.

SLTPB explore avenues to lure travelers from Saudi Arabia

In an effort to lure tourists from the Middle East, the Sri Lanka Tourism Promotion Bureau (SLTPB) recently engaged in active discussion with the outbound travel agents and tourism stakeholders in the Kingdom of Saudi Arabia, (KSA).

WB projects 3.3% growth for SL this year

Sri Lanka’s economy is projected to grow by 3.3 percent in 2021, while the South Asian region is expected to expand by 7.1 percent, the World Bank said.

World’s largest container ship at Colombo port

The world’s largest container ship, Every Ace is currently docked at the Colombo International Container Terminal (CICT) of the Colombo port while returning from her maiden voyage.

Second reading of EPF Amendment Bill on Thursday

The Employees’ Provident Fund (EPF) Amendment Bill will be presented in Parliament for the second reading on 7 October as decided by the Ministerial Consultative Committee on Labour yesterday.

Intl. tourism witnesses rebound in June and July: UNWTO

The UNTWO World Tourism Barometer that was released earlier today showed that international tourism witnessed a rebound this June and July with approximately 54 million travelers crossing borders.

Mandatory conversion of export proceeds to be strengthened

The Central Bank Governor Ajith Nivard Cabraal said the repatriation and conversion rules on exporter earnings would be strengthened going forward.

100% cash margin rule on non-essential imports removed

The 100 percent cash margin rule on non-essential imports will be removed with immediate effect, the Central Bank Governor Ajith Nivard Cabraal said.

Fully vaccinated tourists free to explore SL without restrictions

Fully vaccinated tourists with a negative PCR result at the time of departure will be allowed to enter the country without the need for an on-arrival test from today.

CBSL restores money changing licenses of entities failing to meet targets

The Central Bank (CBSL) today restored the licenses of several Money Changers who were unable to meet the targets due to issues stemming from the Covid-19 pandemic

SLTDA kicks off World Tourism Day celebrations in Haputale

Sri Lanka Tourism Development Authority (SLTDA) today kicked off World Tourism Day 2021 celebrations by putting the picturesque city Haputale under focus.

Prez calls on for more financial support at UNGA

President Gotabaya Rajapaksa yesterday called on the member countries of the United Nations (UN) and international agencies to further increase their assistance towards developing nations so they are able to fully come out of the crisis brought about by the Covid-19 pandemic.

SEC Act of 2021 comes into force

Speaker Mahinda Yapa Abeywardena today endorsed his certificate on the Securities and Exchange Commission of Sri Lanka Bill in parliament.

Prez pitches investment opportunities in SL to Kuwait

In an effort to increase Foreign Direct Investments (FDIs) into the country, the government has pitched Sri Lanka as a feasible destination for investments to the State of Kuwait.

Sri Lanka to be taken off UK’s red list

As the UK scraps off its Amber list, it will take, Sri Lanka alongside seven other countries, off the red list from Wednesday (22 September).

Couch Safari to go live again

Sri Lanka Tourism has geared up to unveil the second edition of ‘Couch Safari’ by live-streaming the Wilpattu National Park for the global audience.

Economic growth of 5% likely to be a reality: CBSL

The government yesterday sounded upbeat on the possibility of Sri Lanka achieving an economic growth of 5 percent in 2021.

2Q economic growth surges to 12.3% amid low base effect

Sri Lanka’s economy grew robust 12.3 percent in the second quarter of 2021 despite the COVID-19 virus-induced restrictions on economic activities since late April as a result of an extremely low base in the corresponding period of the previous year.

Providing clarity on macro-economic fundamentals first priority of CB: Cabraal

Former MP, Ajith Nivard Cabraal who assumed duties as the Governor of the Central Bank of Sri Lanka (CBSL) today said that the first priority of the monetary watchdog under his leadership will be to shed light on the macroeconomic stance of the economy.

Climate Change to push 260 mil people to migrate by 2050: WB

Climate change, which has become a powerful driver of migration, is likely to push around 260 million people across six world regions to move within their countries by 2050, the World Bank (WB) said.

President appoints Cabraal as CB Governor

President Gotabaya Rajapaksa has appointed Ajith Nivard Cabraal, who resigned from Parliament today, to the post of Governor of the Central Bank with effect from September 15, 2021.

Technical issues puts CSE market on halt again

Issues in internet connectivity led the Colombo Stock Exchange (CSE) to halt market operations today.

CB Governor Lakshman announces resignation

Prof. W.A. Lakshman this afternoon announced his resignation from the post of Central Bank Governor with effect from September 14.

CB further tightens noose on imports to preserve currency

The Central Bank of Sri Lanka (CBSL) announced today its decision to impose a 100 percent cash margin deposit requirement against the importation of selected goods of non-essential/non-urgent nature made under Letters of Credit and Documents against Acceptance terms with Licensed Commercial Banks and National Savings Bank, with immediate effect.

SLTDA requests MoH to relax health guidelines to accommodate Russian Tourists

The Sri Lanka Tourism Development Authority (SLTDA) this week put forward a series of requests to the Ministry of Health (MoH) to relax the health guidelines imposed to prevent the spread of the Covid-19 virus, an effort to make the island nation more appealing to tourists.

Emirates offers special fares for Sri Lankans

Emirates, the largest airline of the UAE, announced today it will offer special fares for Sri Lankans who are looking to resume international travel.

No way anyone can say there is a change in lifestyle: Cabraal

There is no way that anyone can say that there has been any change in the lifestyle of people in their normal day-to-day activities, said State Minister of Finance, Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal recently referring to the concerns raised with regard to the forex and essential items shortage in the country.

Legendary investor S.P. Tao no more

Legendary Singaporean investor and the Chairman of Overseas Realty Ceylon PLC S.P. Tao has passed away at the age of 105 in Nanjing, China.

Sri Lanka faces no food shortage: Govt.

The government today said the country is not facing any food shortages at present and the reduced access to essential commodities are due to traders hoarding stocks.

No internal investigation on two former Jt. COOs of Asia Capital, says Director

Responding to recent media reports regarding two former Joint Chief Operating Officers Reyhan Morris and Sandun Hettige of Asia Capital PLC, a top official of the company said there was no internal investigation carried out on the conduct or actions of the two individuals during their tenure at Asia Capital group.