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
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
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
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
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, 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
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
The Chartered Institute of Public Finance and Accountancy, London, (CIPFA), one of the six leading bodies in the UK and the only world body of professional accountants offering public finance qualification, has recognised Sri Lanka’s CPFA (Chartered Public Finance Accountant) qualification and granted it membership status. President, Public Sector Wing of the Chartered … [Read more...] about CIPFA London recognises CPFA Sri Lanka qualification
Northern entrepreneurs are confident that the economy would move ahead, ... the Sri Lanka Convention Bureau and International Business Council.Source link … [Read more...] about 'Northern entrepreneurs confident of economic revival'
“I do not think we could achieve 5% economic growth this year as exports and investments are not in favour of Sri Lanka. My feeling is that we would ...Source link … [Read more...] about 'IMF agrees to flexible regime'