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Sri Lanka will be promoting specific export products with high potential in Japanese market with aim of enhancing trade between the two countries, Export Development Board (EDB) revealed.

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Earnings from all the major categories of Coconut based products increased in January 2021 compared with January 2020.

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The past two decades mark the company’s transformative journey – evolving from a versatile air, sea and land freight forwarder to one of the fastest-growing logistics partners to many industries.

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Sri Lanka’s export sector revival in early 2021 remains challenging, requiring not only strong efforts from local enterprises, but also the recovery of global demand amid complicated Covid-19 situation.

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The planned annual utilization of foreign loans as agreed with the World Bank, Asian Development Bank and Japan International Cooperation Agency will be approximately USD 1,400 million with plans to obtain bilateral development loans of approximately USD 400 million.

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People’s Bank today announced the results for its year ended December 31, 2020 reporting consolidated net loan growth of Rs 315.7 billion; representing a 21.6% growth year on year and accounting for close to one third of overall net sector credit extended during the period.

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Vehicle importers say import restrictions have put several vehicle traders out of business, forcing them to urge the government to consider their revival plan.

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The Sri Lankan economy is expected to make a notable recovery in 2021, supported by policy stimulus and improving business sentiments, the Central Bank (CB) announced revealing that it has targeted 3-3.5 per cent growth in the first quarter this year.

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As part of BOC’s continuing efforts to help small-scale entrepreneurs emerge from the financial and operational challenges experienced on account of the COVID-19 pandemic, the bank took their popular Business Revival clinic to Kilinochchi in late-February.

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A group of long-term equity investors yesterday expressed optimism of improved outlook for the Colombo stock market as well as the economy following a meeting with State Minister of Money, Capital Markets and Public Enterprises Reform Nivard Cabraal on Saturday.

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