Sri Lanka has developed a relief package for small and medium enterprises in collaboration with the Central Bank of Sri Lanka (CBSL), the Sri Lanka Banks’ Association (Guarantee) Ltd (SLBA), and SME sector representatives. “The relevant measures have been prepared with a long term insight to provide a breathing space for the affected SMEs while ensuring the stability of the …
Continue ReadingSri Lanka’s struggling businesses can find some respite as the Finance Ministry yesterday announced details of a relief package for small and medium-sized enterprises (SMEs) facing difficulties servicing their debt due to the economic crisis following the global health pandemic. For the period of April 1, 2019, to September 30, 2024, approximately 494,000 loans amounting to Rs. 886 billion have …
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Sri Lanka’s red rice shortage was created by the government through its price controls and import controls, by trying to interfere with the price signals, in a deterioration of policy seen over several years. The lack of food security and shortages is a direct result of self-sufficiency policies which had made exports impossible. The only way to prevent a similar …
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Sri Lanka is exploring avenues to channel foreign earnings into local investments to boost its economy, with plans underway to empower the returning migrant workers to reinvest their hard-earned savings in the country. The Sri Lanka Bureau of Foreign Employment (SLBFE) yesterday announced the launch of a Rs.744.75 million entrepreneurship development scheme to encourage the returning migrant workers to pump their …
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A delegation from CEAT, an RPG India company, led by Managing Director and CEO Arnab Banerjee, met with Sri Lanka Export Development Board (EDB) Chairman and CEO Mangala Wijesinghe recently, at the EDB head office in Colombo.During the meeting, Banerjee provided an overview of RPG’s operations across various sectors, including agriculture, engineering and rubber. The delegation expressed interest in expanding …
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ව්යාපාරයක් ගොඩනැගීම තේ කෝප්පයක් පානය කිරීම මෙන් සරල දෙයක් නොවේ. හැමෝට ම ස්ටීව් ජොබ්ස් කෙනෙක් වීමට ද නොහැකි ය. කෙසේ වෙතත් ඔබේ අදහස් දියුණු ව්යාපාරයක් බවට පත් කිරීමට යම් යම් ක්රම තිබේ. වසර ගණනාවක් පුරා, මම ව්යාපාර දෙකක් ගොඩනැගීමේ දී විවිධ අත්දැකීම් ලබා ඇත්තෙමි. මගේ පුද්ගලික අත්දැකීමෙන් උපුටා ගත්, ව්යවසායකයින්ට ඔවුන්ගේ දැක්ම දිගුකාලීන ලාභදායිත්වයක් ලබා දෙන දියුණු අධිරාජ්යයක් බවට පරිවර්තනය …
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The Ceylon Chamber of Commerce (CCC) yesterday called for a collaborative approach to implement the new restrictions announced by the government this week for marketing food and beverages to children less than 12 years of age. A section of the new rules which were formulated by the Ministry of Health under the Food (Labelling & Advertising) Regulations of 2022 is …
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In line with the Central Bank’s near term projections, headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) remained in the negative territory for the fourth consecutive month, recording a deflation of 1.7% in December 2024 compared to the deflation of 2.1% in November 2024.
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The Central Depository Systems (CDS), a subsidiary of the Colombo Stock Exchange, has launched a dedicated hotline, effective from the first week of January 2025, to provide the stakeholders, including the investors and corporate clients with direct access to the CDS for improved query resolution and support. The hotline, which will operate from 8:30 a.m. to 5:00 p.m., Monday to …
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Sri Lanka’s trade deficit widened to US $ 502 million in November 2024, compared to US $ 390 million recorded in November 2023, due to an increase in import expenditure and a marginal decline in export earnings. The cumulative deficit in the trade account for the period January to November 2024 widened to US $ 5.24 billion, from US $ …
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