ECONOMYNEXT – Sri Lanka’s private credit expanded 60.7 billion rupees in May 2024, reversing a contraction in April, while credit to state enterprises were flat, official data showed. Sri Lanka’s private credit has expanded only 71 billion rupees over the…
ECONOMYNEXT – Sri Lanka has established a Department of Cinnamon Development in Karandeniya, Galle, and awarded GAP and GI certificates to selected cinnamon entrepreneurs. “After 200 years, we are re-establishing this department to revive the development of cinnamon cultivation in…
ECONOMYNEXT – Sri Lanka has established a Department of Cinnamon Development in Karandeniya, Galle, and awarded GAP and GI certificates to selected cinnamon entrepreneurs. “After 200 years, we are re-establishing this department to revive the development of cinnamon cultivation in…
ECONOMYNEXT – Sri Lanka’s deal with bondholders gives a benefit of 27 percent in net present value terms even if gross domestic produce grows faster than projected in an International Monetary Fund program, the Finance Ministry said. Under the baseline…
ECONOMYNEXT – Sri Lanka cable manufacturer Cable Solutions Limited will make an initial public offering of ordinary voting shares to be listed on the Diri Savi Board of the Colombo Stock Exchange. The subsidiary of the ACL Group will offer…
ECONOMYNEXT – Sri Lanka has reached a deal with bondholders involving hair cuts of 28 percent on bonds and 11 percent on interest arrears with the principal on some securities called macro-linked bonds to 15 percent if GDP grows at…
ECONOMYNEXT – Sri Lanka trade body, the Ceylon Chamber of Commerce, has re-elected its chairman and board for 2024/25 at it recently held annual general meeting. Over the past year, the Chamber worked on initiatives focused on policy advocacy, stakeholder…
ECONOMYNEXT – Sri Lanka trade body, the Ceylon Chamber of Commerce, has re-elected its chairman and board for 2024/25 at it recently held annual general meeting. Over the past year, the Chamber worked on initiatives focused on policy advocacy, stakeholder…
ECONOMYNEXT – Sri Lanka’s political parties are now trying to cobble together alliances from a fragmented political landscape in the hope getting in to stronger positions ahead of presidential polls expected between September 17 and October 16. The composition of…
ECONOMYNEXT – Sri Lanka’s attempt to woo tourists from 67 countries with free visas is likely to face a 10 dollar charge from VFS Global, an outsourcing provider and also the website, Tourism Minister Harin Fernando said. “There is a…
