Targeting USD 36 Billion in Export Revenue by 2030 Rise in export income next quarter – President at the EDMC Meeting In line with the new government’s policy of “A Thriving Nation- A Beautiful Life,” President Anura Kumara Disanayake directed officials to take the necessary steps to increase export revenue to $36 billion by 2030….
The index soars for the fourth consecutive month as economic indicators strengthen Recent upgrades by international rating agencies and healthy economic indicators have ignited a wave of optimism about biz prospects. Moody’s Ratings upgraded Sri Lanka’s long-term foreign currency issuer rating from ‘Ca’ to ‘Caa1’ with a stable outlook, after creditors approved the country’s US$…
Reuters – The Trump administration urged U.S. Agency for International Development (USAID) workers to join the effort to transform how Washington allocates aid around the world in line with Trump’s “America First” policy. It threatened “disciplinary action” for any staff ignoring the administration’s orders. A sharply-worded memo sent on Saturday to more than 10,000 staff…
The latest report from the Sri Lanka Export Development Board reveals that the country achieved a record-breaking total export revenue of US$ 16.17 billion in 2024. This marks the highest export earnings in Sri Lanka’s history, surpassing the previous peak of US$ 15.72 billion recorded in 2018. The 2024 figure comprises US$ 12.70 billion from…
Prime Residencies PLC has announced the launch of J’Adore Negombo located on Hotel Road, presenting a new chapter for premium beachfront serviced apartments, which is set to redefine luxury living along Sri Lanka’s golden coast. Hotel Road, Negombo is known for its unique blend of charm and convenience, making it a popular destination for both…
In a significant initiative identifying the vital role of remittances in Sri Lanka’s economy, DFCC Bank has announced an exciting reward scheme to incentivise worker remittances sent through Lanka Money Transfer to DFCC accounts. The promotion will substantially benefit Sri Lankan nationals working abroad and their families back home during the promotional period until 31st…
Janashakthi Life has achieved an outstanding LKR 6.6 billion in Gross Written Premiums (GWP) for the year 2024, marking an exceptional 43% growth compared to the previous year. This impressive milestone underscores the company’s strong market presence, customer trust and relentless commitment to excellence. The extraordinary growth is a testament to the hard work and…
The Adani Group has denied reports that its 484 MW wind power projects in Mannar and Pooneryn have been cancelled, calling them “false and misleading.” In an official statement, a spokesperson clarified that the Sri Lankan Cabinet’s decision on January 2, 2025, to reevaluate the tariff approved in May 2024 is a standard review process…
Reuters – Sri Lanka has revoked a power purchase deal with India’s Adani Group after a probe into U.S. allegations that the conglomerate’s executives paid bribes to secure Indian power supply contracts, according to an AFP report published by the Economic Times newspaper on Friday. Sri Lanka opened the probe into the Group’s local projects,…
NDB Bank proudly announces the launch of TradeLinc, an in-house-developed platform for supply chain finance, reaffirming its position as a leader in digital banking innovation. With TradeLinc, NDB Bank sets a new benchmark in financial technology, delivering tailored solutions designed to empower Sri Lankan Corporates, SMEs and their channel partners and drive the nation’s digital…
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