Discussions were held in the National Council Sub-Committee to identify short- and medium-term programs related to stabilization regarding rural credit and social security programmes. This was discussed (23) when the National Council subcommittee met in Parliament under the chairmanship of Member of Parliament Hon. Patali Champika Ranawaka. Representatives including the Central Bank of Sri Lanka,…
Uber partners with Sling Mobility to onboard 2w EVs: Thanushika Sivanathan, Country Manager, Uber Sri Lanka and Love Yadav, Co-founder, Sling Mobility Pvt. Ltd. Uber, one of Sri Lanka’s leading ridesharing apps, announced a pilot with Sling Mobility, a global provider of platform as a service (PaaS) for building a smart EV ecosystem. As part…
On an invitation extended by the Expo 2030 Roma Committee Director General Giuseppe Scognamiglio offering fully hosted participation, Sri Lanka took part at Milano BIT 2023, International Tourism Exchange which was held at the Allianz MiCo, Milan Convention Centre from 12 to 14 February 2023 facilitated by Sri Lanka Tourism Promotion Bureau and Sri Lanka…
Sri Lanka is at a critical moment in its history. Years of economic mismanagement, weak governance, poor policy choices, and the impacts of external shocks such as the COVID-19 pandemic and the Russian invasion of Ukraine, plunged the country into its worst-ever crisis in 2022. Economic collapse and political instability have devastated lives and livelihoods…
A delegation from Sri Lanka participated in the BIOFACH Trade Fair, the world’s largest annual organic food products trade show held from 14-17 February 2023 in Nuremberg, Germany. This annual trade fair held since 1990 attracts food industry professionals from across the world. This year, 2,765 exhibitors from 95 countries participated in the trade fair. The fair was…
The Mindanao conflict in the Philippines affected peace in the archipelago for decades. The Moro Islamic Liberation Front was fighting with the Philippine government seeking an autonomous region for the Muslims. About a decade ago Agriculture officials introduced the “Arms to Farms” concept which has by now proven a successful human development initiative. Ex-combatants were…
The Sri Lanka Retail Forum (SLRF) 2023 conducted by the Sri Lanka Retailers Association (SLRA) on 1st March, 2023, will address many of the pressing challenges currently faced by the industry, and explore proven strategies and vital avenues to explore to ensure stability and sustainability for the industry, SLRA President Murali Prakash stated. Against a…
To support Sri Lanka amid an ongoing economic crisis, the International Finance Corporation (IFC) is providing a cross-currency swap facility to three of the country’s leading national banks that deal with over 30 percent of Sri Lanka’s remittances and exports. It will support the private sector with critical financing, contributing to the country’s urgent need…
Income grows 71% to Rs 280.4 Bn. for the year and 94% to Rs 84.8 Bn. in Q4 Record impairment provisioning for the year – up 186% to Rs 71.9 Bn.; Rs 46.8 Bn. increase for 2022 for US$ denominated Government Securities and Stage 2 & 3 loans Assets approach Rs 2.5 Tn., recording a…
In a bid to further facilitate investors through speedy approvals for investment projects, thereby easing the ease of doing business, the Board of Investment of Sri Lanka (BOI) will be granted more powers in future, Investment Promotion State Minister Dilum Amunugama stated. He stressed that the new powers would see investors being given more efficient…
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