Economy

Ranil meets Elon Musk

Published

2 years ago

May 20, 2024

President Ranil Wickremesinghe met with billionaire investor Elon Musk on the sidelines of the 10th World Water Forum High-Level Meeting in Indonesia.

During their discussion, Wickremesinghe and Musk explored the implementation of ‘Starlink’ in Sri Lanka. It was highlighted that Sri Lanka is dedicated to speeding up the application process to integrate the country into the global “Starlink” network, according to the President’s Media Division (PMD).

Minister Jeevan Thondaman, accompanying the President on his two-day visit to Indonesia, tweeted: “The President and Elon Musk discussed Sri Lanka’s recovery, economic potential, and new investment opportunities. Great to see two visionary leaders come together for Sri Lanka.”

Elon Musk arrived in Bali, Indonesia, on Sunday to launch the Starlink satellite internet service in the world’s largest archipelago. The Tesla and SpaceX CEO, who also owns the social platform X, landed by private jet on the picturesque “island of the gods,” known for its tropical beaches, terraced rice paddies, mystical temples, and vibrant spiritual offerings.

Musk is set to launch the service alongside Indonesian President Joko Widodo in a ceremony at a public health clinic in Denpasar, the provincial capital of Bali. He will also sign an agreement to enhance connectivity in the nation’s health and education sectors.

During his first in-person visit to Bali, Musk will also participate in the 10th World Water Forum, which aims to tackle global water and sanitation challenges.

Related Topics:Economy Elon Musk Featured

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Sri Lanka tourism earnings top $ 1.25 b in first four months

Economy

Sri Lanka’s tourist arrivals exceed 840,000 so far this year

Published

14 hours ago

April 27, 2026

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The Sri Lanka Tourism Development Authority (SLTDA) stated that the number of tourist arrivals in Sri Lanka so far has crossed the 840,000 mark.

Accordingly, a total of 840,411 tourists have visited the country between January 1 and April 22, 2026.

The highest number of arrivals has been recorded from India, with 176,465 tourists, the SLTDA noted.

A significant number of visitors have also arrived from countries including the United Kingdom, Russia, Germany, and China.

Meanwhile, the SLTDA stated that a total of 99,777 tourists arrived in the country between April 1 and April 22, 2026.

However, the data indicate that daily tourist arrivals in April have declined significantly compared to previous months.

Economy

Haputale restaurant fined Rs. 1 million forover pricing bottled water

Published

1 day ago

April 27, 2026

admin

A restaurant in Haputale has been fined Rs. 1 million for selling a bottle of drinking water above the maximum retail price.

The fine was imposed by the Bandarawela Magistrate’s Court on April 24 following a raid conducted by the Consumer Affairs Authority Badulla District Office.

The raid targeted a restaurant owned by a private company on Welimada Road in Haputale. Authorities found that the establishment had sold bottled water at a price exceeding the approved limit.

The court subsequently imposed a fine of Rs. 1,000,000 on the hotel.

Economy

Sri Lanka to Launch First Digital Motor Insurance Card from May 1

Published

3 days ago

April 25, 2026

admin

Sri Lanka’s Ministry of Finance, Planning, and Economic Development has announced that the country’s first digital motor insurance card will be introduced from May 1.

The Ministry stated that this initiative represents a significant step toward advancing national digitalization while also enhancing public safety.

By replacing physical plastic cards, the move is also expected to contribute to environmental sustainability across the country.

The Ministry added that the digital motor insurance card will be officially launched in collaboration with the Insurance Regulatory Commission of Sri Lanka, the Insurance Association of Sri Lanka, and the Sri Lanka Police.