Adaderana Biz English | Sri Lanka Business News - Sri Lanka's 24x7 ...
WEB3 days ago · Adaderana Biz English is a 24x7 news portal that covers Sri Lanka's economy, business and finance, rupee, stocks, interest rates, bonds and foreign exchange. Read the latest stories on various topics such as automotive, architecture, banking, …
ComBank crowned ADB’s Leading Partner Bank in Sri Lanka for 4th …
WEB8 hours ago · Records highest number of transactions in country’s trade and supply chain finance domain between 1st July 2023 and 30th June 2024 The Asian Development Bank (ADB) has honoured Commercial Bank of Ceylon as its ‘Leading Partner Bank’ in Sri Lanka for trade and finance transactions for the fourth consecutive year. This noteworthy reiteration of Commercial...
Apparel & Textile exports top USD 500 million after two years in …
WEB6 hours ago · Export Performance in August 2024 As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in August 2024 amounted to US$ 1,165.4 million, recorded an increase of 4.18 % compared to the month of August 2023. This was mainly due to the increase in earnings from export of Apparel &...
Business Sentiment – Pre-Election Trigger for Index
WEB9 hours ago · Business confidence turned around ahead of an election fraught with uncertainty With a new presidential term taking effect for the next five years, Sri Lanka stands at a pivotal moment, eagerly anticipating the developments and decisions that will shape its future. The business community in particular …
Sri Lanka holds rates steady, sees rosy inflation, growth outlook
WEB3 days ago · (Reuters) – Sri Lanka’s central bank kept interest rates unchanged on Friday in line with expectations, citing domestic and global uncertainties, but said inflation was likely to remain low and the economy was doing much better than initially expected. The Central Bank of Sri Lanka (CBSL) kept the Standing Deposit Facility Rate at 8.25% and...
Top News Archives - Adaderana Biz English | Sri Lanka Business News
WEB5 days ago · Sri Lanka Banks’ Association congratulates new President, assures support for nation building. The Sri Lanka Banks’ Association (SLBA) has congratulated President Anura Kumara Dissanayake on his election to the Presidency and assured him of the fullest support of the banking sector for the challenging journey ahead.
IMF Backs Sri Lanka’s Economic Recovery Under President Anura …
WEB6 days ago · The International Monetary Fund (IMF) has expressed its commitment to continue supporting Sri Lanka’s economic recovery efforts, following the election of President Anura Kumara Dissanayake. An IMF spokesperson stated, “We look forward to working together with President Dissanayake and his team towards building on the hard-won gains that have helped put Sri Lanka on a...
Sri Lanka: State of the Economy 2023 - Ada Derana
WEBOct 17, 2023 · A report by the Institute of Policy Studies of Sri Lanka explores the policy choices and challenges for economic recovery after a crisis. It covers topics such as fiscal and monetary measures, social protection, structural reforms, and political dynamics.
Advocata Institute Applauds Economic Transformation Bill, Calls …
WEBJun 5, 2024 · The Sri Lankan government has gazetted the Economic Transformation Bill to overhaul the country's economic landscape. The bill aims to create a more competitive, export-oriented, and digitally-driven economy while achieving net-zero emissions by 2050, but also faces some challenges and concerns.
Sri Lanka Shows Signs of Recovery but Must Maintain Reform …
WEBApr 11, 2024 · The Asian Development Bank’s (ADB) annual flagship economic publication, the Asian Development Outlook (ADO) April 2024, forecasts Sri Lanka’s economy to record moderate growth of 1.9% in 2024 and 2.5% in 2025 following 2 consecutive years of contractions. Sri Lanka is showing signs of recovery, with green shoots emerging in the second half of 2023.