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PRO FOOD, PROPACK AND AG-BIZ 2022 “Sri Lanka’s Largest Food, Packaging and Agriculture Expo”

Pro Food, Pro Pack & Ag-biz 2022, Sri Lanka’s only comprehensive food, agriculture and packaging exhibition will open its doors to the general public and trade visitors from the 18th ,19th ,…

Accenture: Large corporations on track to miss stated net-zero goals

More than 90 percent of large companies that have stated commitments to reaching net-zero emissions will miss such goals at their current pace, according to a new report. Among 2,000…

Economic Reformist from Georgia Among Headliners at the Sri Lanka Economic Summit 2022

As Sri Lanka prepares to formulate and implement reforms that will enable economic revival, theSri Lanka Economic Summit 2022 organized by the Ceylon Chamber of Commerce will explorenecessary reforms and…

Food insecurity continues to remain a concern for the majority of Sri Lankans

The latest report by World Food Program (WFP) warns that overall acute food insecurity continues to remain a concern as the majority of people are still forced to cut meals…

Sri Lanka’s offshore Wind generation capacity may reach 1GW by 2030- World Bank

The World Bank (WB) has commenced the industry consultation process to develop an offshore Wind Development Roadmap for Sri Lanka. By 2030, installed offshore Wind generation capacity is estimated to…

Sri Lanka lost a large chunk of its tax base due to changes made in tax system in 2020

Sri Lanka has lost a large chunk of its tax base due to significant changes in its tax system made in 2020 including the increase in VAT registration threshold on…

Sri Lanka Secures Initial IMF Approval for $2.9 B Bailout Package

An International Monetary Fund (IMF) mission led by Peter Breuer and Masahiro Nozaki visited Colombo from August 24 to September 1, 2022, to continue discussions on IMF support for Sri…

it’s in China’s interest to restructure Sri Lanka’s debt – Yellen

China is a “very important” creditor of Sri Lanka and it would likely be in the interest of both countries if China participated in restructuring Sri Lanka’s debt, U.S. Treasury…

War in Ukraine raises global shipping costs, stifles trade – UNCTAD

The UN Conference on Trade and Development (UNCTAD) says the war in the Ukraine is stifling trade and logistics of the country and the Black Sea region, increasing global vessel…

JPMorgan backs Sri Lanka bonds on bets that crippling crisis to ease

(Reuters) – U.S. investment bank JPMorgan backed Sri Lanka’s crisis-hit government bonds on Wednesday, saying recent political changes in the country should gradually improve its strains and help its talks…