Business

A 37-year-old person from Kandy allegedly involved in a racket of selling train tickets to foreigners at exorbitant prices has been arrested yesterday, police said.

Sri Lanka must focus on attracting more private sector investment to maintain its hard-earned macroeconomic stability and continued recovery, according to the World Bank.

Tourist arrival crossed the 100,000 mark within the first two weeks of January, recording a Year-on-Year (YoY) increase of 22 percent.

The case involving alleged financial irregularities amounting to Rs. 70 million during the leasing of 4.3 acres of land at the Krrish Transworks Square in Fort, Colombo, was taken up before the Fort Magistrate’s Court today (22).

President Anura Kumara Dissanayake stated that this year’s budget will be prepared with the objective of involving every segment of the population in the country’s economic processes.

The Ceylon Chamber of Coconut Industries has urged the government for permission to import 200 million coconuts with the next few months.

The government plans to revisit the International Monetary Fund (IMF) agreement to provide additional relief measures for the public, Deputy Minister of Finance Harshana Suriyapperuma said in Parliament today (21).

The Central Bank of Sri Lanka (CBSL) said today that it has completed investigations into various companies suspected of engaging in activities prohibited under Section 83(C) of the Banking Act, No. 30 of 1988 (as amended).

The Criminal Investigation Department (CID) has reported to the Colombo Magistrate’s Court today (20) that it has initiated an investigation into an alleged major racket involving ‘e-Tickets’ sold for up-country trains including to Ella.

With projections indicating historically high levels of inflows from the services trade and workers’ remittances, the Central Bank of Sri Lanka (CBSL) plans to capitalize on market opportunities through diversified strategies across various markets.