President promotes economic opportunities at New York business roundtable
President Ranil Wickremesinghe participated in a business roundtable discussion titled “Economic Opportunities in Sri Lanka” at the Pierre Hotel in New York.
President Ranil Wickremesinghe participated in a business roundtable discussion titled “Economic Opportunities in Sri Lanka” at the Pierre Hotel in New York.
The USAID Sri Lanka Energy Program (SLEP) signed a Memorandum of Understanding with the Sri Lanka Sustainable Energy Authority (SLEA) to develop the National Energy Benchmarking Portal.
The IMF mission in Colombo on Wednesday (27) in its End-of-Mission press releases included statements of IMF staff teams that convey preliminary findings after a visit to a country.
In a major investment drive, the government is considering bringing back tax holidays — this time two years instead of the previous five — for locals and foreigners who bring in investment projects in excess of US$ 50 million (Rs. 16 billion) along with duty-free vehicles.
Gas World (Pvt) Ltd., a leading provider of industrial gases and healthcare solutions in Sri Lanka, announced the successful installation and commissioning of five cutting-edge Cryogenic Oxygen Tanks at hospitals across the nation in September 2023.
Leading global professional services firm Alvarez & Marsal (A&M) has been appointed by the Government of Sri Lanka’s State-Owned Enterprise Restructuring Unit (SRU) to advise on the divestiture of the Government’s shareholding in the state-owned Sri Lanka Insurance Corporation (SLIC).
The Central Bank of Sri Lanka (CBSL) has banned 9 entities including the OnmaxDT and MTFE SL Group that have conducted pyramid schemes which are prohibited in the country.
Rising interest rates and declining export demand are dampening the economic resurgence of numerous Asian economies in the aftermath of COVID-19. But for Sri Lanka, the only country in the region to default on its official debt amid the economic squeeze caused by the pandemic however the outlook is considerably brighter.
Peoples’ Bank has denied reports expressed in social media on its non-performing loan (NPL) write-offs.
Sri Lanka ranks 104th out of 125 developing and least developed countries (LDCs) in its implementation of trade facilitation measures over the last six years, a new study by Verité Research has found.