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Sri Lanka Reports Full-Year Tourist Surge of 38-pct in 2024, December Arrivals up by 18-pct

Sri Lanka, Jan. 9 -- Foreign tourist arrivals in Sri Lanka increased by 18.18% year-on-year to 248,592 in December 2024, following a 21.6% rise in the previous month, according to data from the Sri La... Read More


Sri Lanka's Economy, Hare or Tortoise?

Sri Lanka, Jan. 9 -- By Jekhan Aruliah I was listening to a very eloquent speaker on YouTube. He commented, as our public speakers often do, that we in Sri Lanka are a blessed nation. Blessed with ab... Read More


Fitch Upgrades Bank of Ceylon's IDRs and VR to 'CCC+' and 'ccc+'

Sri Lanka, Jan. 9 -- Fitch Ratings has upgraded Bank of Ceylon's (BOC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to 'CCC+' from 'CCC-'. The ratings do not have an Outlook bec... Read More


"NSBM Edu Fair" this weekend at Havelock City Mall and KCC

Sri Lanka, Jan. 8 -- Following the success of last weekend's NSBM Open Day for the January 2025 Intake, NSBM Green University is bringing higher education opportunities closer to you with the "NSBM Ed... Read More


IRD Publishes Procedure for Withholding Tax on Nonresident Payments in Gazette

Sri Lanka, Jan. 8 -- The Inland Revenue Department (IRD) announced that a notification specifying the procedure for withholding tax on any payment to a nonresident person, under Section 86 (7) of the ... Read More


Sri Lankan Insurers to Tackle Profitability Pressure with Key Shifts: Fitch Ratings

Sri Lanka, Jan. 8 -- Underwriting profitability for Sri Lankan non-life insurers will gradually improve as they enhance practices and shift focus to more profitable non-motor segments, Fitch Ratings s... Read More


Real GDP projected to have grown by 5-pct in 2024; gross official reserves at USD 6.1bn by end 2024: CBSL

Sri Lanka, Jan. 8 -- Sri Lanka's real GDP is projected to have grown by around 5.0% in 2024, registering the highest annual growth since 2017, the Central Bank said launching its Policy Agenda for 202... Read More


Leaf Lanka Takes on Maldivian Investment, Unfolds USD 6M Retreat in Riverstone

Sri Lanka, Jan. 8 -- Leaf Lanka International (Pvt) Ltd, a company led by the young entrepreneur Hashan Gunathilaka, is set to redefine luxury hospitality in Sri Lanka. The company has recently acqui... Read More


Discussion between President and Attorney General on Controversial Legal Proceedings

Sri Lanka, Jan. 7 -- President Anura Kumara Disanayake held a discussion with the Attorney General and officials from the Attorney General's Department at the Presidential Secretariat yesterday (06). ... Read More


SLPA Achieves Record-Breaking Container Throughput in 2024 Despite Competition

Sri Lanka, Jan. 7 -- In 2024, the Sri Lanka Ports Authority (SLPA) terminals achieved a record-breaking throughput of 2.41 million TEUs amidst intense competition. SLPA alone contributed 2,413,012 TEU... Read More