Resilience, creativity and talent will make Sri Lankan apparel thrive globally Interview with Sharad Amalean
Sri Lanka’s apparel sector contributes 6% to the country’s GDP and accounts for almost half of all merchandise exports. The sector provides direct employment to 350,000 workers and an additional 700,000 Sri Lankans receive livelihood opportunities as part of the…
Sri Lanka to seek World Bank support alongside IMF loan programme – sources
Reuters – Sri Lanka will seek World Bank assistance to stave off a severe economic crisis in addition to an International Monetary Fund (IMF) rescue plan to be discussed next month, two sources said. A 70% drop in foreign exchange…
Amid the economic crisis, Sri Lanka finance minister meets top IMF official
The finance minister of Sri Lanka held talks with a top International Monetary Fund (IMF) official on Monday, two sources stated, as Sri Lanka searches for assistance in dealing with its descending reserves, a slipping currency, and rising inflation. Two…
Cabinet sub-committee appointed to boost renewable energy development projects
A cabinet sub-committee of five ministers has been appointed to expedite the renewable energy development projects of the government. The newly appointed committee will be looking into the progress and finding means to achieve the government’s target to complete 70…
Market turnover at Colombo Bourse hit 9-month-high
The Colombo Stock Exchange (CSE) yesterday recorded its highest market turnover in nine months crossing Rs 5 billion mark on the back of material and transportation counters, while the market turned negative ending four-day positive streak. “Turnover recorded a 9-month…
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