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Merchandise Exports Dip 0.77-pct in January 2024, Reaching USD970.7 Mn
The merchandise export performance in January 2024 amounted to US$ 970.7 million, recorded a 0.77 % decline compared to January 2023. Compared to January 2023, agricultural exports shown a modest increase of 3.58%, reaching US$ 225.43 million in January 2024. However, industrial exports experienced a decline of 2.08% during the same period, dropping to US$ […]
Electricity Tariff will be reduced by 21.9-pct from midnight today: PUCSL
The Public Utilities Commission of Sri Lanka (PUCSL) has approved the revision of electricity tariffs with effect from midnight today. The overall tariff reduction is 21.9 percent. The Final decision was reached after studying and reviewed the proposals and cost data submitted by the Ceylon Electricity Board (CEB) in this tariff revision, in accordance with […]
JICA and BASL collaborate in drive against bribery and corruption in Sri Lanka
As a key step of JICA’s initiative in supporting the Sri Lankan authorities to combat bribery and corruption, a series of introductory workshops were conducted between the 19th and 28th February, for the officers of the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) as well as other key actors of the justice system. […]
Ambitious scale-ups from South Asia encouraged to apply for UK’s new global tech awards
The UK Government is on the hunt to unearth the most promising tech scale-up companies across the world through the Unicorn Kingdom: Pathfinder Awards (UKPA). Building on the success of the UK’s Tech Rocketship Awards, UKPA will be the UK’s Department for Business and Trade’s (DBT) largest global awards for tech scaleup companies ever. Globally […]
Minister Jeevan Thondaman inaugurates Ramayana Art Exhibition in New Delhi
At the invitation of the Director General of the National Gallery of Modern Arts (NGMA) New Delhi, Minister of Water and Estate Infrastructure Development Jeevan Thondaman inaugurated the ‘Ramayanam Chitrakavyam’ exhibition as the Guest of Honour together with Minister of State for External Affairs and Culture Meenakshi Lekhi on 1 March 2024. Addressing the event, […]
Supreme Court restrains Nagananda from filing Public Interest Litigations: Full SC decision
The Sri Lankan Supreme Court has ruled that Nagananda Kodituwakku is guilty of professional misconduct and has been removed from the office of Attorney-at-Law. Furthermore, the Supreme Court has imposed an additional restriction by restraining him from filing Public Interest Litigations (PIL) in their personal capacity. The Court reasoned that allowing him to engage in […]
Sri Lanka trade balance deteriorated by 3.6-pct in January 2024
The deficit in the merchandise trade account widened to US dollars 541 million in January 2024 from US dollars 445 million recorded in January 2023, mainly with higher increase in imports. In addition, trade deficit in January 2024 widened compared to the deficit of US dollars 487 million in December 2023. Earnings from merchandise exports […]
Sri Lanka headline inflation decelerates in February 2024 to 5.9-pct
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 decelerated to 5.9% in February 2024 from 6.4% in January 2024. This deceleration in the headline inflation is broadly in line with the projections of the Central Bank of Sri Lanka (CBSL). Food inflation (Y-o-Y) accelerated to 3.5% […]
Sri Lanka Purchasing Managers’ Index for Construction indicates expansion in Jan
Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction) indicates an expansion in construction activities in January 2024, as reflected by the Total Activity Index, which recorded an index value of 52.9. This marks the first time that the index exceeded the neutral threshold since January 2022. Many respondents mentioned that new construction work […]
Platned expands operations in Sri Lanka
Platned, a leading technology solutions provider headquartered in the United Kingdom, recently expanded its operations in Sri Lanka with a new state-of-the-art office. The company recognizes the potential of the skilled workforce in Sri Lanka and aims to leverage this talent pool to strengthen its Global Support Team. By hiring 100 new members over the […]