India’s economic growth continues to be remarkable. From a humble 3.5% GDP growth in 1990, India has emerged as the world’s 5th largest economy, with a growth rate of 7% in 2024. Reforms, liberalization, and digitalization have fueled this rapid expansion. Policy paradigm has created enabling environment which continues to propel the economic growth. Neighbouring…
Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in November 2024. Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 53.3 in November 2024. This indicates an expansion in manufacturing activities on a month-on-month basis, with positive contributions from all the sub-indices. New Orders sub-index expanded…
Indian Entrepreneurs Express Interest in Expanding Investment Opportunities in Sri Lanka President Anura Kumara Dissanayake, currently on a three-day official visit to India, participated in a discussion with leading Indian business representatives Yersterday (16) in New Delhi. This discussion, organized by the Confederation of Indian Industry (CII), brought together some of India’s most prominent entrepreneurs….
• Invitation extended to Indian Prime Minister to Visit Sri Lanka. President Anura Kumara Dissanayake, currently on an official three-day visit to India, held discussions with Indian Prime Minister Narendra Modi Yesterday (16) at the Prime Minister’s official residence, Hyderabad House. Following the discussions, Memoranda of Understandings (MoU) on the avoidance of double taxation and…
The new members of the Colombo Port City (CPC) Commission were recently appointed. How can the CPC be used more to stabilize the economy? Some wanted it converted into a botanical garden while others proposed health tourism, F1 racing & casinos etc. Macau Special Administrative Region (SAR) in China (which is mostly reclaimed land) is…
The Colombo Stock Exchange (CSE) witnessed a historic trading session today (16), with the All Share Price Index (ASPI) crossing the 14,500 mark for the first time. The ASPI surged by 295.10 points, closing at 14,500.44, reflecting a 2.08% increase compared to the previous day. Similarly, the S&P SL20 index climbed by an impressive 105.37…
The Deputy Minister of Finance and Planning, Dr. Harshana Suriyapperuma, visited the BOI and conducted the first meeting with senior management. At the outset, the minister appreciated the BOI staff for their contribution to servicing existing BOI companies during the economic meltdown, which enabled business continuity without any hindrance. The minister further noted that they…
Sri Lanka Convention Bureau (SLCB) recently hosted another groundbreaking MICE awareness sessions (Meetings, Incentives, Conference & Exhibitions) attracting leading hoteliers and university students in the Northern region of Sri Lanka. More than 100 participants from leading hotels, universities, educational institutions for hospitality management attended the full-day MICE Tourism Training Programmes on 26 & 27 November 2024 in Jaffna…
The Central Bank of Sri Lanka held its flagship research event, the 13th International Research Conference, on 13 December 2024 at the John Exter International Conference Hall of the Central Bank. The Conference aimed at stimulating innovative theoretical and empirical research on various contemporary macroeconomic policy issues. It provided researchers from diverse backgrounds a platform…
People’s Bank recently enabled local routing of domestic USD fund transfers via LankaPay to its US Dollar On-line Payment system, marking a pivotal step in enhancing the digital payment ecosystem in Sri Lanka. This collaboration is set to empower businesses and individuals by providing a seamless, secure and a cost-effective alternative for domestic interbank dollar…
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