The Sri Lankan government has decided to launch the development work on the Palaly Airport located in the country’s Northern Province on Friday (5).
The government of Japan has joined many countries that have relaxed travel advisories issued on Sri Lanka following the stabilisation of the security situation in island as a result of the large-scale and intensive investigations and security re-enforcement by the concerned authorities.
The World Bank has reportedly moved Sri Lanka to the upper-middle income category from lower-middle income category under the Bank’s new country classification by income level.
The government of Sri Lanka is reportedly looking at investing monies from a tourism development fund to develop the Palaly airport in the country’s Northern Province to handle civilian traffic in the region.
A recent study on Sri Lanka’s lands and property sector has revealed that the demand for land in Thalahena, Gothatuwa and Kolonnawa are rising significantly, which in turn has resulted in the highest percentage increases in land prices in Greater Colombo areas.