Advocata’s Bath Curry Indicator (BCI) , which tracks the monthly changes in the retail price of a select basket of food items, recorded a decrease of 1.5% from January 2022 to February 2022. The overall decrease was driven by the falling prices of beans (40%), green chillies (15%) and brinjals (13%). However, prices on average…
Reuters – Sri Lanka’s central bank on Monday set an exchange rate limit of 230 rupees to the dollar, effectively allowing a currency depreciation it hopes will attract investment and remittances to help ease the worst financial crisis in years. The Central Bank of Sri Lanka (CBSL) had been criticised by economists and analysts for…
Considering the severity of the external shocks and recent developments in the domestic front, the Monetary Board of the Central Bank of Sri Lanka announced a comprehensive policy package on 04 March 2022 with the view to counter such economic headwinds. The Central Bank also indicated that it will continue to closely monitor the emerging…
By Dilani Hirimuthugodage and Piyumi Rasangi Sri Lanka obtained its first-ever Geographical Indication (GI) certification on 02 February 2022 for ‘Ceylon Cinnamon’ from the European Union due to untiring efforts during the last nine years. Ceylon Cinnamon is now in the register of Protected Designations of Origin and Protected Geographical Indications (PGI) and it was…
Demonstrates resilience with monthly tally of US$ 488 million, eclipsing pre-pandemic figures Sri Lanka’s apparel exports in January 2022 achieved the highest level for that month in the last five years. This performance demonstrates the industry’s underlying strength as it bounced back from the sustained shocks from the impact of the pandemic over the last…
Gender disparity within the entrepreneurial world is a globally prevalent problem, often stemming from the underrepresentation of women in the labour force and leadership positions. This imbalance in diversity is mainly seen in markets with no gender-smart funding, which makes gender a key component in their program. The lack of gender diversity at the firm…
Sri Lanka Tourism Promotion Bureau, (SLTPB) in collaboration with the Embassy of Sri Lanka in Poland, has taken measures to organize a FAM Tour with a Polish TV channel, which was established in Sri Lanka recently and will continue to be on air from 03rd – 09th March 2022. TVN is the flagship channel of…
The Silk Road Journal by Mahika Ming Invasions and energy issues are heard more in the news these days while some are trying to imagine a world without superpowers Russia and China. The Peoples Republic of China (PRC) was established in 1949. Great China is one of the oldest human civilizations and was invaded and…
A top IFC official says the development organization aims to boost its investments in Sri Lanka, with a focus on supporting private sector job creation, paving the way for robust investments to help spur the country’s recovery and future growth. The comments by IFC Regional Vice President for Asia and the Pacific, Alfonso Garcia Mora,…
The agreement reaffirms the airline’s commitment to Sri Lanka and outlines mutually beneficial initiatives to help drive trade and tourism to the country. Since the nation safely re-opened to international tourists in February 2021, Emirates has carried more than 80,000 passengers to Colombo. Dubai, UAE: 7 March 2022 – Emirates has signed a Memorandum of…
Video Story
