Digital Economic Strategy Development Project for Sri Lanka farmer’s insurance scheme has not been made to use by the Agriculture and Agrarian Insurance Board causing a heavy loss to the state, Government audit inspection divulged.

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Wednesday, 17 March 2021 10:08

Sri Lanka's manufacturing and service sector edges up last month

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Manufacturing and Services sectos rebounded in February driving Sri Lanka’s Covid-19 hit economy after its down trun began in April 2020 to the lowest levels.

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Wednesday, 17 March 2021 10:04

EDB promotes specific products in Japan with US$ 230 million export target

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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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Tuesday, 16 March 2021 11:34

export earnings from coconut based product exports in January 2021 ans December 2021

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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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Sunday, 14 March 2021 14:51

Wings Logistics marks 20 years of service in Sri Lanka.

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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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Saturday, 13 March 2021 14:12

Sri Lanka’s export revenue records US$ 908.07 million in January.

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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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Friday, 12 March 2021 10:35

Government to utilize foreign loans of US $1.4 billion in 2021

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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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Thursday, 11 March 2021 12:43

People’s Bank offers more loans amidst income dip

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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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Thursday, 11 March 2021 12:31

Sri Lanka import ban pushes motor traders out of business

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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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Thursday, 11 March 2021 12:00

Sri Lankan economy recovers amidst policy stimulus : CB governor

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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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