The Asian Development Bank (ADB) today approved a $200 million policy-based loan to further help the Government of Sri Lanka strengthen its financial sector. This second subprogram of ADB’s Financial Sector Stability and Reforms Program builds on the stabilization and crisis management measures put in place under the first subprogram approved in 2023. “Sri Lanka has made…
K. M. Mahinda Siriwardena, who was appointed as the Secretary to the Ministry of Finance, Planning and Economic Development, re-assumed duties in his post today (20). Senior officials including Deputy Secretaries to the Treasury and Heads of Departments under the Ministry of Finance were present on the occasion. He has made a significant contribution to…
Now that the United States (US) election has concluded, what direction will the US’s trade policy be headed? This is one of the burning questions that many of its trading partners are asking in the aftermath of the presidential election. A costly trade war was the outcome of the tariff hikes in 2018 – under the…
The Membership and Executive Committee of the Indo Lanka Chamber of Commerce and Industry (ILCCI) proudly extend their warmest congratulations to the newly elected government and all members of parliament. This historic occasion marks a fresh chapter in Sri Lanka’s journey toward progress, and we are filled with optimism for the positive transformation that lies…
The Colombo Rubber Traders’ Association (CRTA) extends its heartfelt congratulations to the National People’s Power (NPP) on their recent victory and welcomes Hon. Samantha Vidyarathna as the newly appointed Minister of Plantation and Community Infrastructure. The Chairman of CRTA, Mr. Harin de Silva, expressed his confidence in the Minister’s ability to steer the plantation sector…
The apex body of the plantation industry in Sri Lanka, The Planters’ Association of Ceylon (PA) issued a statement congratulating President Anura Kumara Dissanayake and the National People’s Power (NPP) on their recent and resounding electoral victory. The Association also extended its congratulations to Samantha Vidyarathna on his appointment as Minister of Plantation and Community…
First Capital Holdings PLC (the Group) recorded a Total Comprehensive Income of Rs. 904 million for the six months ended September 30, 2024, demonstrating resilience in a dynamic market environment, compared to Rs. 9.58 billion in the same period of last year. The Group’s net income before operating expenses for the first half of 2024/25…
The Sri Lanka Banks’ Association (SLBA) has congratulated President Anura Kumara Dissanayake on his party’s resounding victory at the Parliamentary election and pledged its support to the new government in the challenging journey ahead. The Association, which represents all licenced banks in Sri Lanka, also noted that its recent interactions with the Presidential Secretariat has…
Leaders from African nations including Uganda while attending the China Africa summit in Beijing recently agreed that ‘blossoms in spring turn into fruits in autumn & a bumper harvest is the reward of hard work’. Efforts of those who fought with Rohana Wijeweera (founder of JVP) were turned into fruits this autumn by Sri Lankans…
Focus on Social Spending: Tackling Child Poverty, Malnutrition, and Supporting the Differently Abled IMF Program Hinges on Rebuilding Public Trust in Governance The government of President Anura Kumara Dissanayake reaffirmed its readiness to collaborate with the International Monetary Fund (IMF) to advance Sri Lanka’s economic recovery within the context of the mandate. Senior Mission Chief…
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