Opinion: Sri Lanka’s Current Nutrition Challenges – How Can They …
14 hours ago · By Dr Pulasthi Amarasinghe Sri Lanka is reaching a critical point as a result of poor access to affordable, nutritious food. Nutritional security has taken a backseat to simply meeting basic calorie requirements. The nutritional landscape can significantly improve through shifts in tobacco and al
Opinion: Sri Lanka’s Financial Revival – Creating Markets That …
1 day ago · By Jithendra Antonio Sri Lanka, emerging from economic upheaval, the nation’s capital markets hold unprecedented promise, not only for financial gains but as a catalyst for national growth, resilience, and global integration. While this potential is clear, challenges like limited liquidity, shall
ComBank accelerates lending in Q3 as strong fundamentals spur …
1 day ago · Posted on November 13, 2024 | Banking and Finance. Loan book up by Rs 121.06 bn. in 9 months, with 44.20% of growth coming in Q3. CASA ratio improves to 39.60% at 30 th Sept. 2024. Net interest income up 46.15% to Rs 88.98 bn. Total taxes for 9 months double to Rs 27.67 bn. The Commercial Bank of Ceylon Group has achieved impressive growth at ...
All News - Lanka Business Online
Sri Lanka's John Keells Holdings PLC (JKH) reported continued growth momentum across almost all businesses in the second quarter, a statement …. November 6, 2024 | Companies, Companies, Economy & Markets, Featured, General Services, Industry, Logistics, Real Estate & Construction, Shipping and Transport, Tourism, Trade.
The onslaught of the beedi industry and its impact on Sri Lanka’s ...
2 days ago · The economic impact extends beyond lost revenue. The proliferation of beedi, especially menthol-flavored varieties, raises health concerns, particularly among younger consumers. The informal nature of the beedi industry in Sri Lanka affects a significant portion of the workforce, with over 8,000 families involved in beedi production, generating ...
IMF to Return to Sri Lanka for Crucial Third Review Soon
2 days ago · In a recent press briefing, the International Monetary Fund (IMF) announced that a mission will soon return to Sri Lanka to continue negotiations for the third review of the IMF-supported program. This follows a series of discussions held in Washington, where key topics included taxation and the reduction of the tax burden on Sri Lankans.
Opinion: Sri Lanka’s Make-or-Break Moment, The Leadership Sri …
Aug 5, 2024 · The Economic Landscape, A Crisis Unfolded. The economic turmoil that engulfed Sri Lanka in 2022-2023 was marked by staggering statistics: a GDP contraction of 9.5%, inflation soaring to 46.4%, and public debt reaching an unsustainable 119.2% of GDP. The crisis was exacerbated by a series of policy missteps, including a poorly managed transition ...
ADB approves USD100 Mn Loan to support SMEs in Sri Lanka
Mar 26, 2024 · The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. “SMEs play a critical role in Sri Lanka’s economy, contributing 52% to the country’s gross ...
Inclusive and sustainable businesses set new pathways for Sri Lanka
Jan 31, 2024 · Actions will cover five core areas: Setting the direction for Sri Lanka to become an inclusive and sustainable export and investment hub; Raising awareness on the economic and social value that impact businesses bring and recognizing local success stories, through award and formal accreditation; Building the capacities of businesses and ...
Economy & Markets - Lanka Business Online
Sri Lanka’s August 2024 Merchandise Exports Rise by 4.2-pct to USD 1.2 Bn. As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in August 2024 amounted to US$ 1,165.4 million, recorded an …. September 30, 2024 | Commodity, Companies, Economy | Read More.