World Bank set to approve $700 mln for Sri Lanka next week -sources
(Reuters) – The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters,…
Over 50 Sri Lankan Companies Experience Business Benefits by Promoting Diversity and Inclusion in the Workplace
Two partnerships by the International Finance Corporation (IFC) has led to over 50 private sector companies in Sri Lanka advancing gender equality as well as working towards the economic inclusion…
Sri Lanka’s jewelry manufacturers urge the government to lift the ban on gold imports
The representatives of the gem and jewellery industry recently highlighted that due to the ban on the import of gold, the business community involved in the jewellery manufacturing industry, targeting…
Sri Lankan rupee appreciates by nearly 20% aginst USD
As of last As per the Central Bank data, the buying rate of a US dollar was Rs.295.62 while the selling rate was Rs.305.82 according to the Central Bank. In addition,…
Sri Lanka’s macroeconomic situation showing tentative signs of improvement – IMF
An International Monetary Fund (IMF) mission led by Messrs. Peter Breuer and Masahiro Nozaki conducted a staff visit to Colombo from May 11 to 23, 2023 to discuss recent economic…
Wan Hai adds Colombo call as Sri Lanka repairs unrest damage
Wan Hai Lines has added a call at Colombo, Sri Lanka, to its Asia-US East Coast service. On 16 May, the newly built 13,000 teu Wan Hai A10 docked at…
Bangladesh-Sri Lanka Trade Ties: Issues and Prospects
By Muhammad Estiak Hussain Bangladesh and Sri Lanka are two friendly neighbors from South Asia. Although the formal diplomatic relations were established in 1972, the relationship goes beyond that dating…
Market struggles as economic fear persists on DDR
Bourse extended dull sentiment, down marginally as investors continued to remain on the sidelines over rising concerns over Domestic Debt Restructuring (DDR) and waiting for a clear direction on the…
One-Third of the families receiving Samurdhi benefits not entitled to Samurdhi benefits – COPA
The Committee on Public Accounts (COPA) disclosed that almost 33% of the families receiving the Samurdhi benefit are families who should not be entitled to the Samurdhi benefit. According to…
Leading luxury Tour Operator Kuoni pledges backing for Sri Lanka
Leading luxury Tour Operator Kuoni has pledged to drive bookings to Sri Lanka by holding its first overseas sales managers’ conference since pre-pandemic 2019 in the country. Sri Lanka has long…