Business

Sri Lanka’s confectionery industry is experiencing some sweet growth as it on an upward trajectory this year, supported by improving economic sentiment, consecutive festive seasons, and a forecasted increase in consumer spending following the salary hikes outlined in the national budget.

The Committee on Public Finance (CoPF) last week renewed its call to expedite the establishment of the Casino Regulatory Authority, citing major loss of revenue to the State coffers. The matter was discussed during a session in Parliament on 6 March, chaired by Dr. Harsha de Silva, where lawmakers highlighted issues related to casino taxes.

Sri Lanka has won the prestigious Green Destinations Bronze Award for Sigiriya at the ITB travel fair in Germany.

The Excise Department of Sri Lanka has announced plans to introduce a new type of alcohol at a lower price to combat the growing consumption of illicit liquor.

The total number of foreign tourists who have arrived in Sri Lanka in the first two months of 2025 has already surpassed 500,000, according to the latest data.

CPI(M) MLA Muhammad Yousuf Tarigami has questioned the allotment of land to Sri Lankan cricket legend Muttiah Muralitharan in Kathua, during the ongoing budget session of the Jammu and Kashmir Legislative Assembly on Saturday.

The wind power project that was to be carried out with the Adani Company has not been cancelled yet, Energy Minister Kumara Jayakody said

IndiGo, India’s largest and most preferred low cost airline announced the launch of daily direct flights between Tiruchirappalli (Trichy) in Tamil Nadu and Sri Lanka from March 30.

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).