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Sri Lanka Aims for 6% GDP Growth by 2026 Amidst Economic Challenges

Sri Lanka is setting ambitious economic goals, targeting 6% GDP growth by 2026. This projection is supported by a record capital expenditure of 1.4 trillion rupees (approximately $4.64 billion) allocated for infrastructure development and investment. However, the outlook for 2025 appears more modest, with growth expectations ranging between 4% and 4.5%, primarily due to delays […]

September 16, 2025

By SLDirectory

$3.7 Billion Hambantota Refinery: What It Means for Sri Lanka’s Energy Independence

Sri Lanka is set to embark on a transformative energy project as China’s Sinopec prepares to commence construction of a $3.7 billion oil refinery near the Hambantota Port. Scheduled to begin operations in 2025, this state-of-the-art facility aims to process 200,000 barrels of crude oil daily, significantly enhancing Sri Lanka’s refining capacity and reducing its […]

September 16, 2025

By SLDirectory

Maldives Grants Free 90-Day On-Arrival Tourist Visas for Sri Lankans

In a significant step towards strengthening bilateral relations and promoting regional tourism, the Government of the Maldives has officially announced the issuance of free on-arrival tourist visas valid for 90 days to Sri Lankan citizens. According to the Presidential Media Division (PMD), this decision became effective on 29th July 2025, coinciding with President Anura Kumara […]

September 16, 2025

By SLDirectory

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