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2 days ago · Janashakthi Insurance PLC has announced the appointment of Annika Senanayake as the new Chairperson, effective 01 January 2025. Annika, with over 15 years of extensive experience at the IWS Holdings Group, a diversified conglomerate, involved in sectors that include telecommunications, warehousing and logistics, media and broadcasting, automobiles, aviation, warehousing, food and beverage ...
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6 days ago · Divasa Pharma emphasizes compliance with all NMRA regulations. Divasa Pharma Limited, providing factual clarity on recent allegations made in parliament, says the company was issued a license to sell medicine by wholesale by the National Medicines Regulatory Authority (NMRA) on 18 August 2018, which has been continuously renewed to date.
President Calls for Strengthening Sri Lanka’s Financial System
Dec 12, 2024 · President Anura Kumara Dissanayake has directed the Ministry of Finance to implement measures to enhance the efficiency and resilience of Sri Lanka’s financial system. The President provided these instructions during a discussion with Finance Ministry officials at the Presidential Secretariat today (12). Highlighting the Central Bank’s crucial role as an independent institution, President ...
Sri Lanka Business News - Page 2 of 3609 - Ada Derana
Dec 10, 2024 · The Asian Development Bank (ADB) has approved a $30 million Small Expenditure Financing Facility (SEFF) for the Ceylon Electricity Board (CEB), guaranteed by the Democratic Socialist Republic of Sri Lanka, to bolster the sustainability of ongoing and future energy sector projects.
Sri Lanka records 5.5% GDP growth in Q3 2024
Dec 17, 2024 · The Department of Census and Statistics (DCS) reports that Sri Lanka’s Gross Domestic Product (GDP) at constant prices (2015) increased to Rs. 3,151,941 million in the third quarter of 2024, compared to Rs. 2,987,544 million in the same period of 2023, marking a 5.5% year-on-year growth. The growth was driven by a 10.8% expansion in...
World Bank Signs Additional $200 Million to Support Sri Lanka’s ...
Oct 7, 2024 · The World Bank and the Government of Sri Lanka today (07) signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO) for $200 million. This is the second operation in a two-part series that began in 2022. The first operation, totaling $500 million, was disbursed in June …
Analysis Archives - Adaderana Biz English | Sri Lanka Business News
Dec 4, 2024 · Embracing Change: Charting a Brighter Future for Sri Lanka’s Plantation Industry. By the Chairman of the Planters’ Association of Ceylon, Mr. Sunil Poholiyadde For 170 years, Sri Lanka’s plantation industry has stood the test of time.
Remarkable Surge in Agricultural Exports in First Half of 2024
Jul 16, 2024 · Of the USD 250.9 million expected to be settled from tea exports to Iran for fuel debt, US$ 55 million has been paid so far – Chairman of Sri Lanka Tea Board. A Coconut Triangle established in the Northern Province to improve living conditions in the region – Chairman of CDA. Special program initiated to...
Sri Lanka reaches provisional deal on $12.5 bln bond rework
Jul 4, 2024 · Reuters – Sri Lanka has secured a deal to move forward on restructuring about $12.5 billion of international bonds, the government said on Wednesday, a major step in the island nation’s fragile recovery from a severe financial crisis. The South Asian country defaulted for the first time on its foreign debt in May 2022 after...
Business Sentiment: Index Climbs to an 11 Month High
May 31, 2024 · Business confidence spikes for a third consecutive month to nearly three digits Sri Lanka’s internal affairs are heating up with critical agreements pending regarding debt restructuring. The government however, is confident that the process will be completed in time for the release of the third IMF tranche in June. President Ranil …