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Opinion: From Crisis to Inclusive Economic Growth in Sri Lanka

By FARIS HADAD-ZERVOS, World Bank Country Director for Maldives, Nepal and Sri Lanka & HANS TIMMER , Chief Economist, South Asia, World Bank: Sri …

Opinion: Introducing import licenses will worsen Sri Lanka’s economic crisis

Advocata Extraordinary Gazette No 2270/18 of March 2022, imposes import restrictions on 367 goods determined as “non-essential” by the Ministry …

Interview: Resilience, creativity and talent will make Sri Lankan apparel thrive globally

Sri Lanka’s apparel sector contributes 6% to the country’s GDP and accounts for almost half of all merchandise exports. The sector provides …

Advisory Committee proposes five urgent recommendations to National Economic Council

The Advisory Committee appointed to assist the National Economic Council has made five recommendations that need to be implemented immediately. The …

CL Synergy announces forthcoming IPO as next step in growth strategy

CL Synergy Limited has received official approval from the Colombo Stock Exchange (CSE) for its Initial Public Offering, which is set to open on the …

Sri Lanka’s Condominium Property Volume Index up by 49-pct in Q4 2021

The Condominium Property Volume Index has increased significantly during Q4, 2021 with a notable increase of 49.0 percent compared to Q4, 2020, and …

Proposed additional incentive scheme for workers’ remittances & exporters to be rescinded

Sri Lanka's government has decided not to implement the proposed scheme for additional incentives for remittances by expatriate workers and net …

Defence Attachés of USA, France, Germany, Korea & Switzerland visit Hambantota Port

Defence Attachés (DAs) representing several countries made a recent tour of the port to familiarise themselves with the port's activities. Some of …

Chinese steel giant Baowu to conduct feasibility study on making investment in Hambanthota

Ambassador of Sri Lanka to China, Dr.Palitha Kohona visited the Baowu Steel conglomerate offices in Ma’anshan, Anhui and met with senior management …

President says no truth in the report that the CBSL Governor was asked to step down

With reference to news reports that CBSL Governor was asked to step down, President Gotabaya Rajapaksa today said, “The news stories that Central …

With confidence and commitment vision of Green Agriculture can be accomplished, President

Farmers who used organic fertilizer correctly during the Maha season have achieved high yields. District Secretaries say that the Government's green …

Meeting held between President and IMF representatives

Several representatives of the International Monetary Fund (IMF) met President Gotabaya Rajapaksa at the Presidential Secretariat this morning (15). …

High Comm Moragoda meets Minister of Petroleum, Natural Gas and Housing and Urban Affairs on bilateral energy cooperation

High Commissioner of Sri Lanka to India Milinda Moragoda met with the Minister of Petroleum & Natural Gas and Housing and Urban Affairs of India …

No more power cuts in BOI zones: Power Minister

The power cuts that are currently being implemented on a daily basis will not be extended to factories owned by the Board of Investment, which plays …

Cabinet approval to initiate discussions with IMF for technical assistance

Cabinet approval has been granted to initiate a discussion with the International Monetary Fund (IMF) for technical assistance, Co-Cabinet Spokesman, …

President invites Saudi Arabia to invest in several sectors

President Gotabaya Rajapaksa informed Saudi Arabian Foreign Minister Faisal bin Farhan Al Saud that he would like to invite Saudi Arabia to make …

Advisory committee appointed to advise National Economic Council

The cabinet nod has been received to appoint an advisory committee to advise the National Economic Council after the council came under fire for the …