Business

In its plan for increasing the fleet to 25, SriLankan Airlines, the national carrier, is pressing ahead with its plan for the acquisition of two-more wide-body aircraft by the end of this year in a bid to increase frequency of operations on the existing routes while resuming operations on routes currently on hold, an official said.

The state-owned Valaichchenai Paper Mill is currently operating at a profit, according to Minister of Industry and Entrepreneurship Development Sunil Handunneththi.

The Coconut Research Institute has forecast a further decline of 250 million nuts crop for the first half of 2025 harvest during the first half of this year compared to last year, the current harvest stands at 1,407 million nuts for the first half of 2025, according to statistics from it.

Sri Lanka has received USD 641.7 million in workers’ remittances in May 2025, according to the latest figures released by the Central Bank of Sri Lanka (CBSL).

A special relief flight, UL 302, has departed from Bandaranaike International Airport (BIA) to Medan International Airport on the Indonesian island of Sumatra to transport 101 passengers and crew members of SriLankan Airlines flight UL 306, which was grounded due to a technical fault.

SriLankan Airlines yesterday welcomed an Airbus A330-200 wide-body aircraft on arrival from Paris.

The Government has generated Rs. 136 billion in revenue from motor vehicle imports between January and April 2025.

Beta Technologies’ Alia CX300 on Tuesday become the first all-electric aircraft to land at a New York City airport.

Elon Musk-owned electric vehicle (EV) giant Tesla is “not interested in manufacturing in India”, the country’s heavy industries minister has said.

The external sector of the Sri Lankan economy remained resilient in April 2025, supported by healthy inflows from tourist earnings and workers’ remittances, according to the Central Bank of Sri Lanka (CBSL).