This year’s budget will be presented with the aim of decentralizing the concentrated economy by involving every segment of the population

President Anura Kumara Disanayake stated that this year’s budget will be prepared with the objective of involving every segment of the population in the country’s economic processes. The President expressed these views during a preliminary discussion held today (21) at the Presidential Secretariat with officials from the Ministry of Finance regarding the formulation of the 2025 budget. The discussion focused …

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Financial and Technical Assistance from the World Bank for Key Government Projects

Martin Raiser, Vice President for South Asia at the World Bank, stated that the organization is committed to providing financial and technical assistance for Sri Lanka’s key government projects. This statement was made during a meeting between President Anura Kumara Disanayake and representatives of the World Bank held today (21) at the Presidential Secretariat. During the discussion, consensus was reached …

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Central Bank of Sri Lanka launches the Digital Payments Promotion Campaign 2025

The Digital Payments Promotion Campaign 2025 under the theme of “Shaping the Future through Digital Transactions” was launched by Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka (CBSL) on 9th January 2025, at the Magam Ruhunupura Administrative Complex in Hambantota. The campaign was organized by CBSL with the support of Mr. Bimal Indrajith De Silva, District Secretary …

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Sri Lanka announces relief package for SMEs

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 …

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Finance Ministry unveils SME debt relief package

Sri 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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How to avoid Sri Lanka’s rice crises, shortages made by government controls

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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Govt. to tap migrant worker savings with Rs.744.75mn entrepreneurship scheme

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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CEAT team with EDB Chairman discusses trade expansion opportunities in Sri Lanka

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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සාර්ථක ව්‍යවසායකයින් එකම මාර්ගයක ගමන් නොකරන්නේ ඇයි ?

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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Why postpone implementation of Food (Labeling and Advertising) Regulations 2022?

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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