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Sri Lanka construction industry and many people building or repairing their houses have been pushed into dire straits due to sky rocketing of Tile and Sanitary Ware prices following the government’s recent decision on tax revision.

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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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Norwegian Development Finance Institution, Norfund has stepped into infuse funding in National Development Bank PLC (NDB) to overcome current challenges in the banking sector.

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Sri Lanka’s biggest renewable energy firm Wind Force Ltd., announced a Rs. 3.2 billion expansion both locally and internationally; funds for which will be sourced via the Initial Public Offering (IPO) now open for subscription.

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Janashakthi Insurance PLC recorded a 9% overall growth for the financial year 2020, with Gross Written Premiums (GWP) of LKR 3.8 billion.

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Laxapana Batteries PLC is entering the renewable energy business. Having evaluated prospects in this space, the company has stated its intentions to invest over Rs. 1 billion in generating renewable energy from rooftop solar projects.

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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,, Central Bank announced.

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The National Financial Inclusion Strategy (NFIS), a first-of-its-kind in Sri Lanka, has been launched recently.

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The National Financial Inclusion Strategy (NFIS), a first-of-its-kind in Sri Lanka, has been launched recently.

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Sri Lanka’s foreign currency reserves which were at USD 5.7Bn as of December 2020, have now marginally fallen below the foreign debt obligations for the first time in the recent past as foreign currency reserve cover falls below 1.0x.

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