Business

The work on the second terminal of the Bandaranaike International Airport (BIA) will begin this year, Minister of Aviation Bimal Ratnayke told Parliament today.

Sri Lanka’s Official Reserve Assets has recorded a slight improvement of 0.5% in February 2025, reaching USD 6.095 billion, compared to USD 6.065 billion in January 2025, according to the Central Bank of Sri Lanka (CBSL).

Sri Lanka has been ranked 91st in the latest Henley Passport Index, which assesses global passport strength based on visa-free travel access.

Officials representing the Ministry of Finance, Planning and Economic Development stated that vehicle imports have been allowed under certain conditions

Contaminated coconut oil which is unsuitable for human consumption has entered the local market, Minister of Trade Wasantha Samarasinghe told Parliament today.

New Delhi: Indian Prime Minister Narendra Modi is likely to travel to Sri Lanka in April. The visit, according to Sri Lankan sources, is still firming up and could happen around 5th April, with focus on a range of issues, including connectivity and economic ties.

The government will call for Expression of Interest (EOI) from the top ten shipping companies in the world next month for the expansion of the Colombo Port by implementing the Colombo North Port project and the phase II of the West Container Terminal (WCT), a Minister said yesterday.

The Cabinet of Ministers has approved a proposal to allocate 219.7233 hectares of land as a grant to the Sri Lanka Sustainable Energy Authority (SLSEA) to facilitate the swift commencement of the Siyambalanduwa 100 MW Solar Power Park project.

The Cabinet of Ministers has granted approval for the development of 24 oil tanks at the Trincomalee upper tank farm.

Sri Lanka’s tourism industry recorded earnings of $400.7 million in January 2025, according to the latest data from the Central Bank of Sri Lanka (CBSL).