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WEB2 days ago · Singapore-headquartered Jungle Kitchen a fast-growing tropical grocer that specializes in sourcing, preparing, and supplying the finest vegan ingredients from across South and Southeast Asia are looking to supply jackfruit seeds, jambu, breadfruit, sambols and sauces from Sri Lanka, Indonesia, and Malaysia to their portfolio.
Sri Lanka holds rates steady, sees rosy inflation, growth outlook
WEB2 days ago · (Reuters) – Sri Lanka’s central bank kept interest rates unchanged on Friday in line with expectations, citing domestic and global uncertainties, but said inflation was likely to remain low and the economy was doing much better than initially expected. The Central Bank of Sri Lanka (CBSL) kept the Standing Deposit Facility Rate at 8.25% and...
Sri Lankan Corporate Inspiration: Hayleys Ranked No. 1 in LMD …
WEB3 days ago · Hayleys PLC has once again claimed the top spot in the 31st annual edition of the LMD 100, cementing its position as Sri Lanka’s No. 1 corporate. LMD 100 ranks the leading listed companies in Sri Lanka and is known as ‘Sri Lanka’s version of the Fortune 500.’ For the 9th time, the public-listed conglomerate...
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WEB4 days ago · Janashakthi Life, a leading life insurance provider in Sri Lanka, is pleased to announce exceptional financial results for the first-half of 2024. The company achieved record-breaking growth across key performance indicators, with a notable 45% increase in Gross Written Premiums (GWP) compared to the period under review in 2023. This ...
Sri Lanka’s Official Reserves reach USD 6.0 bn in August
WEB2 days ago · The merchandise trade deficit widened during the eight months ending August 2024 (provisional) compared to the same period in 2023, driven by a larger expansion in import expenditure relative to export earnings. Earnings from tourism and workers’ remittances improved during this period, strengthening the external current account. Meanwhile, despite intermittent volatility, the Sri Lanka rupee...
Fitch Affirms Sri Lanka at 'RD' - Adaderana Biz English | Sri Lanka ...
WEB4 days ago · Fitch Ratings: Fitch Ratings has affirmed Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘RD’ (Restricted Default) and Long-Term Local-Currency IDR at ‘CCC-‘. Fitch typically does not assign Outlooks to issuers with a rating of ‘CCC+’ or below. A full list of rating actions is at the end of this rating action commentary.
IMF Backs Sri Lanka’s Economic Recovery Under President Anura …
WEB5 days ago · The International Monetary Fund (IMF) has expressed its commitment to continue supporting Sri Lanka’s economic recovery efforts, following the election of President Anura Kumara Dissanayake. An IMF spokesperson stated, “We look forward to working together with President Dissanayake and his team towards building on the hard-won gains that have helped put Sri Lanka on a...
Musk’s Starlink wins Sri Lanka licence - Ada Derana
WEBAug 13, 2024 · Reuters – Sri Lanka’s telecommunications regulator has issued a licence to Elon Musk’s Starlink, the satellite unit of SpaceX, to provide the country with satellite broadband services, the president’s office said. Sri Lanka’s parliament passed a new telecommunications bill last month, which amended the law for the first time in …
Supreme Court Refuses Stay Order against Adani’s Green Energy …
WEBAug 2, 2024 · The fuller five-member senior bench in the Supreme Court (SC) appointed by CJ to hear the Adani Wind Power case citing the importance of this National Project to the economy and Energy Sustainability in Sri Lanka today (02) rejected the request for an early hearing and extension of support days by Petitioners and said the court would list …
Advocata Institute Applauds Economic Transformation Bill, Calls …
WEBJun 5, 2024 · The Advocata Institute welcomes the government’s stated intention to move from an inward-oriented economy to a more open economy to boost international trade, foreign investment and productivity.. The Sri Lankan government has gazetted the Economic Transformation Bill to overhaul the country's economic landscape. This ambitious Bill aims to create a more competitive, export-oriented, and ...