Adaderana Biz English | Sri Lanka Business News - Sri Lanka's 24x7 ...
5 days ago · Sri Lanka's 24x7 Business News Portal - Sri Lanka economy, business and finance, Sri Lanka rupee, Sri Lanka stocks, interest rates, bonds and foreign exchange on Adaderanabiz.lk
Sri Lanka’s Forex Reserves Rebound Strongly, but Debt Challenges ...
21 hours ago · Sri Lanka’s foreign-exchange reserves surged by an impressive 81% year-on-year in October 2024, reaching USD6.5 billion due to the support of its IMF program, according to Fitch Ratings. This boost in reserves is a significant development for the country’s economic stability, providing a stronger buffer against external shocks. However, Fitch …
CSE Renews Platinum Partnership with CFA Society Sri Lanka to …
18 hours ago · The Colombo Stock Exchange (CSE) has renewed its partnership as the Platinum Partner of CFA Society Sri Lanka for the 8 th consecutive year, reinforcing a shared commitment to promoting ethical standards, education, and professional excellence within the Sri Lankan investment industry. This longstanding collaboration reflects CSE’s dedication to advancing the capital market and fostering ...
BOI provides knowledge and training to professionals joining the ...
1 day ago · The Board of Investment of Sri Lanka (BOI) is transforming existing factories and future industries into environmentally friendly green industries. The Board of Investment of Sri Lanka (BOI) has implemented changes to transform several investment promotion zones into green industrial zones. Industries under the purview …
Towards a Corruption-Free Sri Lanka to Save Billions
6 days ago · How an Effective Procurement Policy Overhaul Could Rewrite the Nation’s Future and Transform the Nation’s Public and Private Sectors By Jithendra Antonio In a country where corruption has long infiltrated both public and private sectors, Sri Lanka approaches a critical juncture, where decisions today will echo for generations. Embedding a robust procurement system is more...
Sri Lanka’s Road to Global Competitiveness: Insights from Trade, …
Oct 22, 2024 · By Chandula Idirisinghe and Nishamini Ihalagedara In 2023, Sri Lanka’s goods and services exports made up nearly 20.4% of GDP, with manufacturing exports contributing 14%. However, the country’s merchandise export mix remains highly concentrated, with 77% of export income coming from industrial goods, mainly …
Government Revenue surges by over 40% in first eight months of …
Oct 16, 2024 · The Sri Lankan government has reported a significant rise in revenue for the first eight months of 2024, with total government revenue, including grants, increasing by 40.5%. This growth amounted to Rs. 2,565.9 billion, a sharp increase from Rs. 1,826.6 billion collected during the same period in 2023. The rise was largely driven by a...
Accelerating Digital Transformation to Drive Economic Growth
Oct 30, 2024 · • New Initiative Launched to Lower Electricity Costs – President Addresses Sri Lanka Chamber of Commerce Representatives • Chamber of Commerce Pledges Pro Bono Support for Economic Development President Anura Kumara Dissanayake announced that the entire country will undergo digital transformation within the next three years under his administration. He highlighted that digitization holds ...
Sri Lanka's Economic Turnaround: A Beacon of Resilience and …
Jun 27, 2024 · By Jithendra Antonio In a historic address to the nation on June 26, Sri Lankan President Ranil Wickremesinghe announced the successful signing of bilateral debt restructuring agreements with the Paris Club, India, and China. This milestone marks a significant turning point in Sri Lanka’s recent history, demonstrating the effectiveness of strategic leadership, resilience, and international...
Sri Lanka's Economy Stabilized; Continued Reforms Critical to …
Oct 10, 2024 · Sri Lanka’s economy has stabilized, with growth expected to reach 4.4 percent in 2024, surpassing earlier forecasts. This positive outlook follows four consecutive quarters of growth driven by the industrial and tourism sectors and supported by critical structural and policy reforms, says the World Bank. Released today, the World Bank’s bi-annual Sri Lanka Development Update, titled Opening...