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Says growth continues to be adversely affected by shocks Expects growth to pick up as security concerns and political uncertainty dissipate Lists out five priority reform areas in latest Asia Economic Focus report In its latest edition of the South Asia Economic Focus, the World Bank expects Sri Lanka’s economic growth to decelerate to 2.7 percent by the end this year … [Read more...] about Daily Mirror – WB cuts SL’s economic growth forecast to 2.7%

The country’s foremost economic event, Sri Lanka Economic Summit (SLES) 2019, kicks off at Cinnamon Grand Colombo, today. The two-day event is themed around Recalibrating Sri Lanka’s Economic Trajectory Towards 2025, to guide Sri Lanka’s journey towards development and prosperity.Today’s event brings together over 450 local and international participants consisting of … [Read more...] about Daily Mirror – SL Economic Summit 2019 opens today

Sri Lanka’s small and medium-sized banks (SMBs) will have to brace for a turbulent period ahead, stemming from the weaker asset quality and pressure on profits among a host of other problems in a hobbling economy, Fitch Ratings said in a brief note on the club of seven banks.Fitch Ratings, which analysed the profiles of the small and mid-sized banks operating in Sri … [Read more...] about Daily Mirror – Rocky path ahead for Sri Lanka’s small and mid-sized lenders, says Fitch

 One of the key growth drivers of the global liquefied petroleum gas (LPG) market is the use of LPG as a cooking fuel, primarily seen growing rapidly in countries in the Asia-Pacific, Africa and South and Central American regions. This segment accounted for more than 40 percent of overall LPG consumption in 2017, according to the Statistical Review of Global LPG 2017, … [Read more...] about Daily Mirror – Putting Sri Lanka on map as a regional energy hub