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4 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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Dec 19, 2024 · 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.
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.
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 $500 million, was disbursed in June …
Remarkable Surge in Agricultural Exports in First Half of 2024
Jul 16, 2024 · Of the USD 250.9 million expected to be settled from tea exports to Iran for fuel debt, US$ 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 …
Sri Lanka's Economic Turnaround: A Beacon of Resilience and …
Jun 27, 2024 · By Jithendra Antonio In a historic address to the nation on June 26, Sri Lankan President Ranil Wickremesinghe announced the successful signing of bilateral debt restructuring agreements with the Paris Club, India, and China. This milestone marks a significant turning point in Sri Lanka’s recent history, demonstrating the effectiveness of strategic leadership, resilience, and international...
Sri Lanka to miss budget revenue target for 33rd year running in …
Apr 22, 2024 · State of the Budget Report estimates 14% shortfall in revenue against budget projection. Sri Lanka is projected to fall short of its budget target on revenue to GDP (gross domestic product) for the 33 rd consecutive year in 2024, according to the recently released ‘State of the Budget Report 2024’.. The State of the Budget Report is compiled annually by Verité Research and published on ...
World Trade Now Slowing Sharply - Adaderana Biz English | Sri …
Jun 2, 2023 · Fitch Ratings – Global trade is now slowing sharply after a rapid post-pandemic recovery in 2021 and 2022, Fitch Ratings says in a new report. Monetary tightening, fading fiscal support and service sector reopening are now weighing on global goods demand, which leapt extraordinarily during the pandemic. World industrial production is also decelerating rapidly.