– National Council sub-committee on identifying programs related to economic stabilization It was discussed in the National Council sub-committee on identifying short- and medium-term programs related to economic stabilization that Sri Lanka is lagging behind other countries in the world due to the lack of a national digital policy. These views were expressed when the…
Yahoo Finance – Luxury goods mogul Bernard Arnault is now the richest man in the world, bumping Tesla (TSLA) CEO Elon Musk down to the second spot, according to the Bloomberg Billionaires Index. Arnault, who is chairman and chief executive of Louis Vuitton SE or LVMH (LVMUY), has seen more than a $7 billion loss in…
As the Government seeks to re-engage with the global economy in order to enhance exports and encourage export-oriented foreign direct investment, new strategies formulated collectively by all stakeholders are needed to complement these efforts, Foreign Secretary Aruni Wijewardane stated recently. Speaking at the Members’ Forum 2022 organised by the Ceylon Chamber of Commerce and the…
Reuters – Sri Lanka is expecting loans of up to $5 billion next year from multilateral agencies besides a deal with the IMF, the foreign minister told Reuters, adding that the government could raise up to $3 billion through the restructuring of state assets. “Apart from what we get from the IMF, we are looking…
Export Development Board (EDB) in collaboration with the Sri Lanka Embassy in Vietnam arranged the first-ever participation of Sri Lankan businesses at the 20th edition of Viet Nam Expo, which was held from 1st to 3rd December 2022 at Sai Gon Exhibition & Convention Center (SECC) in Ho Chi Minh City. Representing Sri Lankan businesses,…
MANILA, Dec 14 (Reuters) – The Asian Development Bank cut its growth forecasts for developing Asia for this year and next as the region faces persistent headwinds from the Russia-Ukraine conflict, China’s COVID-19 policies, and a slowing global economy. The Manila-based lender said in a supplement to its Asia Development Outlook report it expected 2022…
Business Insider – Elon Musk is no longer the richest person in the world. The Tesla CEO gave up the top spot on Forbes’ Billionaires List to Bernard Arnault, the CEO of the French company that owns Louis Vuitton, last week. On Tuesday, Musk also temporarily lost the top spot on Bloomberg’s Billionaires Index as the net worth of…
The Ministry of Tourism states that approximately 644,186 tourists have arrived in Sri Lanka so far this year. The number of tourist arrivals recorded within the first seven days of this month is 16,168, the Tourism Ministry mentioned. Meanwhile, the highest number of tourists have arrived in the island in March, and it is 106,500…
Reuters – The executive board of the International Monetary Fund is not expected to formally approve Sri Lanka’s $2.9 billion bailout before year-end, a key step required for the embattled country to receive funding, two sources familiar with the matter said. Seeking a way out of its worst economic crisis in decades, Sri Lanka reached…
U.S. Ambassador Julie Chung, Secretary to the Ministry of Buddhasasana, Religious and Cultural Affairs Somaratne Vidanapathirana, Director General of Central Cultural Fund Professor Gamini Ranasinghe, and Senior Archaeology Officer Rasika Muthucumarana celebrated the announcement of a U.S. grant of $82,192 to document and conserve the Godawaya shipwreck and its artifacts. The grant to Sri Lanka’s Central Cultural…
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