Estimates by the World Bank and the Asian Development Bank show that economic growth in Sri Lanka for the next five years will be around 3.5 ...Source link … [Read more...] about Achieving even last year's economic growth, a tough task, says former CB Deputy Governor
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SLRA vows to restore economy
The Sri Lanka Retail Association (SLRA) strongly condemned the Easter Sunday attacks which claimed the lives of many people, injured hundreds more, causing substantial damage to the economy. President of SLRA, Sidath Kodikara said, “As an Association that comprises members operating across the country, on behalf of all its members, SLRA pledges to extend its commitment and … [Read more...] about SLRA vows to restore economy
Sri Lanka counts cost as UK holidaymakers cancel trips | World news
Amid rising tension and fears of more terror attacks, Sri Lanka faces a massive blow to its economy as thousands of holidaymakers cancel trips after the UK Foreign Office (FCO) advised against all but essential travel. The change in guidance has prompted British citizens in the country to cut short their holidays and return to the UK, and many more to cancel forthcoming trips, … [Read more...] about Sri Lanka counts cost as UK holidaymakers cancel trips | World news
Sri Lanka tourism economy could suffer from deadly attacks
Bombs ripped through churches and luxury hotels in Sri Lanka on Easter Sunday, killing at least 290 people and injuring hundreds. Targets included the upmarket Shangri-La hotel in the capital, Colombo. A number of those killed in the eight explosions were identified as foreign nationals from countries including the United Kingdom, Denmark, Australia and India.On top of the … [Read more...] about Sri Lanka tourism economy could suffer from deadly attacks
Shaping technology transitions for the future
The International Labour Organisation (ILO) Country Office for Sri Lanka and the Maldives has released a milestone report - ‘The Future of Work in Sri Lanka: Shaping technology transitions for a brighter future’. Prime Minister Ranil Wickremesinghe was the chief guest. The report by TANDEM Research tries to fill a gap in the debate on the impact of emerging technologies on the … [Read more...] about Shaping technology transitions for the future
CLC opens new branches in Horana and Nikaweratiya
Commercial Leasing and Finance PLC (CLC) made the 64th and the 65th additions to their island-wide branch network recently. CLC’s 64th branch was opened in Horana at No 99 B, Sri Somananda Mawatha, Horana. The event was graced by the Director/CEO of Commercial Leasing & Finance, Krishan Thilakaratne while the Independent Non-Executive Director Ebert Silva was the guest of … [Read more...] about CLC opens new branches in Horana and Nikaweratiya
SL's social indicators among highest in South Asia – WB report
Sri Lanka has made significant progress in its socio-economic and human development indicators. Its social indicators rank among the highest in ...Source link … [Read more...] about SL's social indicators among highest in South Asia – WB report
Bluestone 1 buys Melsta Regal Finance
Bluestone 1, a subsidiary of Bluestone Capital, owned by Ajit Gunewardene acquired Melsta Regal Finance, a company owned by Melstacorp PLC, and it was renamed as Fintrex Finance. Fintrex Finance is 100 percent owned by Bluestone 1 under a Board comprising Founder and Chairman Ajit Gunewardene, non-independent/non-executive directors Ronnie Peiris, Shantanu Nagpal, Mahendra … [Read more...] about Bluestone 1 buys Melsta Regal Finance
Customs TU action cripples Colombo business – Daily Mirror
Food importers and wholesalers shut their shops in the capital city yesterday, demanding the government to resolve trade union action by Customs officials. Picture shows a labourer sleeping on a cart in a street in Pettah without any work. However, following discussions with the Finance Minister and the President last night, Custom trade unions had called-off all trade union … [Read more...] about Customs TU action cripples Colombo business – Daily Mirror
Investments in human resources, only way to overcome economic hurdles, says Eran
Sri Lanka has never defaulted on loans and it will never happen under this government which has taken steps to honour all its debt obligations, said State Minister of Finance and Mass Media Eran Wickramaratne, elaborating on the country’s external debt position at the 60th Annual General Meeting of the National Chamber of Commerce of Sr Lanka (NCCSL) in Colombo last week. He … [Read more...] about Investments in human resources, only way to overcome economic hurdles, says Eran
