The President says that Sri Lanka is now entering a new economic era.

President Ranil Wickremasinghe says that Sri Lanka is now entering a new economic era. The economic development in the country will be improved to a higher standard by the middle of next month.

He made these remarks at a meeting with the representatives of the trade association in the Kandy district. The regulations that have affected the business activities will be eased.

The city of Kandy will be developed as a main economic center from next year. Obtaining local loans has been suspended for the first time.

New income ventures should be sought. The petroleum and power sectors have gained success due to the implementation of the price formula.