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WEB4 days ago · Sri Lanka's 24x7 Business News Portal - Sri Lanka economy, business and finance, Sri Lanka rupee, Sri Lanka stocks, interest rates, bonds and foreign exchange on Adaderanabiz.lk
IMF Backs Sri Lanka’s Economic Recovery Under President Anura …
WEB17 hours 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...
Sri Lanka Tourism Expects Continued Growth Following Peaceful …
WEB9 hours ago · Sri Lanka’s tourism industry is anticipating continued growth following the recent presidential election, widely regarded as one of the most peaceful in the nation’s history. Newly elected President Anura Kumara Dissanayake has prioritized the sector, pledging to unlock its full potential. This commitment, coupled with proactive initiatives from industry leaders, Sri Lanka Tourism ...
Cabinet Approves the National Trade Facilitation Roadmap for Sri …
WEB4 days ago · In a landmark decision, the Cabinet approved the National Trade Facilitation Roadmap for Sri Lanka bill marking a significant step forward in Sri Lanka’s journey to modernize its cross-border trade processes and align with global trade facilitation standards. The roadmap now serves as the country’s official strategy for driving comprehensive trade reforms, aimed at streamlining...
Top News Archives - Adaderana Biz English | Sri Lanka Business News
WEBSri Lanka Parliament Approves Offshore Banking Regulations at Port City Colombo. Port City Colombo announced that the two gazetted regulations, Offshore Banking and Offshore Banking — Prudent Management and Confidence, were officially passed by the Parliament of Sri Lanka on 4th September 2024. This milestone represents Port City Colombo’s ...
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 …
Sri Lanka Achieves $9 Billion in Export Income in First Half of 2024
WEBAug 22, 2024 · State Minister for Investment Promotion, Dilum Amunugama, announced that Sri Lanka has secured an export income of USD 9 billion in the first six months of this year. He also highlighted that investment agreements totaling approximately USD 800 million have been signed during the same period. State Minister Amunugama shared this information at a press...
Sri Lanka: State of the Economy 2023 - Ada Derana
WEBOct 17, 2023 · Economic Policy Choices: From Stabilisation to Growth Sri Lanka has faced a turbulent economic journey in recent years, with 2022 witnessing an unprecedented crisis marked by a staggering 8.7% GDP contraction. The economy slowly but steadily pulled back from the abyss over the course of 2023. Notably, the …
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 ...
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