The second reading of the budget 2024 was passed in Parliament of Sri Lanka with a majority of 45 votes today (November 21).

Sri Lanka’s consumer price inflation rose to 1% in October year-on-year from 0.8% in September, the statistics department said on Tuesday.

RM Parks Inc, a leading petroleum products distributor in the United States signed an agreement with the Board of Investment (BOI) for U$ 110 million to bring Shell products to Sri Lanka.

Sri Lanka, which expects a loan of USD 300 million from the International Monetary Fund (IMF), has imported some commonly grown food such as taro roots (Kiri Ala), garlic, potatoes, tomato, papaw, water melon, long beans, pineapple etc. at a cost of USD 295 million last year, SLPP MP Madura Vithanage said yesterday (November 20).

For the first time in the history of Sri Lanka, the country obtained Rs. 3 trillion (Rs. 3,000 billion) in tax revenue for 2023.

The Special envoy of the Chinese President, state councilor Mrs. Shen Yiqin, and the delegation paid a courtesy call on Sri Lanka President Ranil Wickremesinghe this morning (November 20) at the Presidential Secretariat.

The Sri Lanka Government has decided to take over the stocks of sugar already imported under the previous levy of 25 cents per kg and sell it through Lanka Sathosa, supermarkets and cooperative outlets at a price of Rs. 275 per kg within a month.

Rising gold-backed lending among Sri Lanka’s finance and leasing companies (FLC) sector is exposing financiers to higher collateral price risk and making them more susceptible to any adverse movements in gold prices, says Fitch Ratings.

Director of the Medical Supplies Division of the Ministry of Health, Dr. Kapila Wickramanayaka and three others were arrested by the Criminal Investigation Department (CID) over the alleged importing of substandard Immunoglobulin vials, police said.

Sri Lanka Government held a discussion with Asian Development Bank (ADB) on upcoming water supply sector reform program in Sri Lanka which will be implemented with the financial assistance of the ADB.

Sri Lanka Government’s revenue in the first eight months saw a robust 43.5 percent increase.

Administrator of the United States Agency for International Development (USAID) Samantha Power told Sri Lanka President Ranil Wickremesinghe that Joe Biden’s administration greatly values its partnership with Sri Lanka.

The Sri Lankan government has released 22 fishermen hailing from Rameswaram in Tamil Nadu, who were detained on November 18 by the Navy personnel on charges of poaching.

A Chinese delegation including State Councilor Shen Yiqin arrived in Sri Lanka on an official visit on Saturday (November 18).

Sri Lanka expects to receive the second installment of the loan provided under the Extended Fund Facility (EFF) of the International Monetary Fund (IMF) in December, 2023.