IFC, a member of the World Bank Group, is partnering with the Central Bank of Sri Lanka (CBSL) to develop the country’s first National Financial Inclusion Strategy (NFIS) to promote a more effective and efficient process to improve financial inclusion across Sri Lanka. IFC, over the course of the project, will provide technical assistance to…
Quantifying the Labour demand of the country was a challenge and it was a long felt need for the policy making on the matters related to the labour demand in the country, says the Department of Census and Statistics (DCS). Issuing a statement related to such attempts carried out by the Department on first ever…
US $ 10 million investment in Sri Lanka On 8th January 2018, the State Pharmaceuticals Manufacturing Corporation of Sri Lanka (SPMC) and Pharma Zone (Pvt) Ltd entered into an agreement to build the first ever exclusive pharmaceutical manufacturing zone of Sri Lanka in the Welipenna area of the Kalutara district at an investment in excess…
Reuters – Sri Lankan shares rose on Monday to a near seven-week high as blue chip shares such as John Keells Holdings Plc gained, while foreign investors continued to buy the island nation’s risky assets. The Colombo Stock Index ended 0.4 percent firmer at 6,540.51, its highest close since Nov. 10. The bourse rose 2.3…
6E to operate daily flights from Chennai, Bengaluru starting January 20, 2018 Colombo soon to be its 8th international and 49th overall destination on 6E network In its endeavour to expand and strengthen its growing network, IndiGo, India’s largest and fastest growing low-cost carrier, today shared its operational plans from Colombo. With daily direct flights…
Reuters – Sri Lanka aims to raise $500 million this month via development bonds and is in the process of divesting two state-owned hotels, the central bank and a ministry said on Monday, as the government faces unprecedented debt repayment this year. President Maithripala Sirisenea’s administration must repay an estimated 1.97 trillion rupees ($12.85 billion)…
Trade between Australia and Sri Lanka has surged to a record high of A$1.3 billion in 2016-17, on the back of strong growth in trade in services, up more than 27 per cent. Growth for the year overall was more than 15 per cent, continuing the strong trend growth of 8.6 per cent over the…
The Ministry of Finance and Media announced yesterday (7th Jan.) that the government has been able to achieve Rs 21.9 billion surplus in the primary balance of the fiscal accounts during the first ten months of the year 2017 which is for the first time in the last 63 years. Stating that this is due…
Tourist arrivals to Sri Lanka reached an all-time high of 2,116,407 in 2017 according to the latest data released by the Sri Lanka Tourism Development Authority. The arrival figure for 2017 represents a 3.2 growth or 65,595 more arrivals over the preceding year when the figure crossed the 2-million mark for the first time. The…
Now you can trade government securities on your own terms and directly grow your own wealth Monday, January 08th 2018, Colombo: In an effort to take government securities trading to the future and make it more accessible to all, CAL (Capital Alliance) recently launched its latest innovation – CALiper, a state-of-the-art digital app that facilitates…
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