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Jan 10, 2025 · One World Duty Free (ODF) is a leading and an omnichannel duty free global travel retail brand that is headquartered in Singapore, proudly announced its latest duty- free store opening at the Port City Duty Free Mall in Colombo on 1 January 2025. This marks a milestone in the ODF’s strategic entry ...
Sri Lanka’s Official Reserves reach USD 6.0 bn in August
Sep 27, 2024 · 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...
Sri Lanka Business News - Page 2 of 3609 - Ada Derana
Dec 10, 2024 · The Asian Development Bank (ADB) has approved a $30 million Small Expenditure Financing Facility (SEFF) for the Ceylon Electricity Board (CEB), guaranteed by the Democratic Socialist Republic of Sri Lanka, to bolster the sustainability of ongoing and future energy sector projects.
Sri Lanka holds rates steady, sees rosy inflation, growth outlook
Sep 27, 2024 · Reuters – Sri Lanka’s central bank kept interest rates unchanged on Friday in line with expectations, citing domestic and global uncertainties, but said inflation was likely to remain low and the economy was doing much better than initially expected. The Central Bank of Sri Lanka (CBSL) kept the Standing Deposit Facility Rate at 8.25% and...
Sri Lanka's Economy Stabilized; Continued Reforms Critical to …
Oct 10, 2024 · Sri Lanka’s economy has stabilized, with growth expected to reach 4.4 percent in 2024, surpassing earlier forecasts. This positive outlook follows four consecutive quarters of growth driven by the industrial and tourism sectors and supported by critical structural and policy reforms, says the World Bank. Released today, the World Bank’s bi-annual Sri Lanka Development Update, titled Opening...
Remarkable Surge in Agricultural Exports in First Half of 2024
Jul 16, 2024 · Of the USD 250.9 million expected to be settled from tea exports to Iran for fuel debt, US$ 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...
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 …
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 …
Cabinet Approves the National Trade Facilitation Roadmap for Sri …
Sep 20, 2024 · 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 …