Finance and Mass Media Minister Mangala Samaraweera with IMF Managing Director Christine Lagarde The International Monetary Fund (IMF) has said it “remains ready to support” Sri Lanka in its efforts to boost the economy and would send a team to Colombo next month to resume discussions on the stalled loan programme.IMF Managing Director Christine Lagarde met with Finance … [Read more...] about IMF to send team here next month to resume loan talks – Daily Mirror
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Electronic pre-booking service launched to tackle over-visitation to national parks – Daily Mirror
From left: Minister of Tourism, Christian Affairs and Wildlife, John Amaratunga presenting the receipt of the first e-booking reservation to Lead Environmental Specialist and Former Director General of DWC, Sumith Pilapitiya in the presence of Secretary to the Ministry S.Hettiarachchi ( extreme left) and DWC Deputy Director, Ranjan Marasinghe (right)Pic by Pradeep … [Read more...] about Electronic pre-booking service launched to tackle over-visitation to national parks – Daily Mirror
Sri Lanka targets to double number of Indian tourist arrivals to 1mn this year – Daily Mirror
John Amaratunga Pic by Pradeep Dilrukshana Rs.3bn Global Promotion Campaign likely to be launched in Dubai this April Chinese tourist arrivals to increase to 0.5mn by 2020 By Nishel Fernando Sri Lanka Tourism sets an ambitious target to attract one million tourist arrivals from the country’s largest tourist source market, India this year, by more than doubling over … [Read more...] about Sri Lanka targets to double number of Indian tourist arrivals to 1mn this year – Daily Mirror
Industrial production slows in Nov. as key segments lose momentum – Daily Mirror
IIP drops to 107.3 index points in Nov. 2018, from 108.6 in Nov. 2017 Statistics office offers no reasons for sharp Oct.-Nov. fall Sri Lanka’s industrial production slowed in November as the activities or the sub-sectors, which recorded a growth, trailed the ones that contracted over the same month in 2017. The Index of Industrial Production (IIP) recorded a 108.6 index … [Read more...] about Industrial production slows in Nov. as key segments lose momentum – Daily Mirror
Chinese loans not main source of debt trap, says think tank – Daily Mirror
Funds borrowed through ISBs at higher rates outweigh loans from China ISB debt growth caused by shift from concessional debt to commercial debt Price of debt more crucial than quantity of debt- Verité Research By Shabiya Ali AhlamSri Lanka getting caught in a debt trap and finding itself in a precarious position has less to do with its borrowings from China but more … [Read more...] about Chinese loans not main source of debt trap, says think tank – Daily Mirror
China looking to set up FTZ in Sri Lanka for rubber exports – Daily Mirror
Plantation Industries Minister Navin Dissanayake in discussion with the Chinese delegation High-powered Chinese delegation in Colombo Navin to visit China to sign MOU following Cabinet approval Project coordination unit to be established By Nishel Fernando China is looking to set up a specialised free trade zone for rubber-based value added exports in Sri Lanka by … [Read more...] about China looking to set up FTZ in Sri Lanka for rubber exports – Daily Mirror
Sri Lanka suffers US $ 500mn foreign outflow in 4Q – Daily Mirror
US $ 490mn outflow from government securities; US $ 96mn outflow from stocks Govt. blames political crisis triggered on Oct.26 for outflows Says not a single dollar came into country during protracted political crisis Upcoming budget to focus on 10-year plan to develop economy By Yohan Perera and Ajith Siriwardana Sri Lanka witnessed foreign outflows to the tune of US $ … [Read more...] about Sri Lanka suffers US $ 500mn foreign outflow in 4Q – Daily Mirror
Dudley Sirisena announces plans to launch anti-corruption movement under President’s leadership – Daily Mirror
By Nishel Fernando The brother of President Maithripala Sirisena and Araliya Group of Companies Chairman Dudley Sirisena yesterday announced his plans to launch an anti-corruption organisation by joining hands with scholars, professionals, media and business community aiming to put a stop to corrupt activities carried out by politicians and officials and to direct the … [Read more...] about Dudley Sirisena announces plans to launch anti-corruption movement under President’s leadership – Daily Mirror
Port tariff hike put on hold following ministry secy.’s meeting with industry – Daily Mirror
Tariff revision suspended for 3 months which was set to come into effect from Jan. 1 Private sector committee appointed to study rationale behind proposed hikes The controversial tariff revision by the Sri Lanka Ports Authority (SLPA), which rattled exporters and importers alike, has been suspended after the industry lobbied against the move, Mirror Business learns.The … [Read more...] about Port tariff hike put on hold following ministry secy.’s meeting with industry – Daily Mirror
Cigarette smuggling costs Sri Lanka Rs.18bn in tax revenue in 2017 – Daily Mirror
From left: Dr. C.N. Wickramasinghe, Prof. S.S. Colombage and Dr. S.N. Morais at the report launchPic by Nimalasiri Edirisinghe By Nishel Fernando The government may have lost Rs.18 billion in cigarette tax revenue as a record 583 million illicit cigarettes were estimated to have smuggled into Sri Lanka in 2017, driven by the high taxes on legal cigarettes and the absence of … [Read more...] about Cigarette smuggling costs Sri Lanka Rs.18bn in tax revenue in 2017 – Daily Mirror
