Central bank governor Dr. Indrajit Coomaraswamy yesterday (17) stressed that country requires further growth in productivity in order to avoid getting caught in the middle income trap. “So if we are to graduate out of this middle income country trap we need to get to USD 12,000 PER capita income. If we are able to…
Global dynamics unless there is a big disruption is not going to have much of an impact on the growth trajectory for some of our sectors in the country, John Keells Holdings PLC Chairman Krishan Balendra said. Speaking during the panel discussion, at the Sri Lanka Economic Summit in 2018 Balendra noted that that Sri…
Prime Minister Ranil Wickremesinghe yesterday (17) stated that Sri Lanka needs to move forward without being stagnate in the same place which many countries do when they become a middle-income country. “We are now an upper middle income country, we have two options: we can either stagnate in the middle income trap or have a…
Reuters – ** Sri Lankan rupee closed weaker on Tuesday on importer dollar demand, while foreign outflows from government securities also weighed on the currency. Equities snapped two consecutive session of gains to end lower. ** The rupee closed 0.1% weaker at 180.55/65 per dollar compared to Monday’s close of 180.45/55. However, the currency is…
Viber launches its first interactive Voting BOT in Sri Lanka Viber, the world’s leading messaging app has teamed up with popular dancing reality TV programme, “Derana City of Dance” to launch the first interactive BOT in Sri Lanka. The Viber Bots’ dynamic nature has created more excitement amongst the TV show fans. It not only…
The Ceylon Chamber of Commerce launched the working draft of their 2020-25 Economic Acceleration Framework, at the Sri Lanka Economic Summit (SLES), today (17). The Framework was introduced by Dr. Hans Wijayasuriya during the title keynote session, which focused on re-calibrating Sri Lanka’s economic trajectory. “We need to recognise, that when we talk about recalibration,…
Points out improvement in hygiene, aftercare, diagnostics and nursing skills crucial to promote health tourism in Sri Lanka Addressing the Sri Lanka Economic Summit 2019, Sunshine Holdings Group Managing Director and Vice Chairman of Ceylon Chamber of Commerce (CCC), Vish Govindasamy said a strategic unit needs to be set up to analyse and proactively respond…
Finance minister Mangala Samaraweera today (17) stressed the importance of economic development and stated that national reconciliation is an absolute necessity in this regard. “Reconciliation is an absolute necessity for economic development. There is no way of harnessing our potential as a modern, stable, prosperous nation, except to celebrate the diversity of our country as…
Sri Lanka’s rank has slipped five places to 72 among 163 countries on the Global Peace Index 2019, while Iceland remains the most peaceful country and Afghanistan the least peaceful nation, says a report. Although Sri Lanka’s scores for terrorism impact, the incarceration rate and military expenditure improved, with the recent attack there are some…
Chief Guest, Prime Minister Ranil Wickremesinghe The country’s foremost economic event, the Sri Lanka Economic Summit (SLES) 2019, kicks off at the Cinnamon Grand Colombo, today. The two-day event is themed around Re-calibrating Sri Lanka’s Economic Trajectory Towards 2025, to guide Sri Lanka’s journey towards development and prosperity. Today’s event brings together over 450 local…
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