President Anura Kumar Disanayake invited Sri Lankan exporters to rebuild and thrive on a robust economic foundation. The President emphasized that our country faces the challenge of capturing market share from a position of relative weakness. He pointed out that, to overcome this, external support had to be sought. In this regard, he highlighted that the government is prepared to …
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According to Rattan Lal, Distinguished University Professor of Soil Science at Ohio State University and an Inter-American Institute for Cooperation on Agriculture (IICA) Goodwill Ambassador, farmers are the key to recovering the world’s soils. However, in order for them to carry out this function, players in the food and agriculture systems must financially support their initiatives. During a fireside chat …
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Sri Lanka’s domestic money market liquidity recorded a surplus of Rs. 168.1 billion by the end of December 2024, marking the first positive liquidity balance in two years. The Central Bank attributed this shift primarily to foreign exchange purchases and swap transactions. According to the Market Operations Report, liquidity conditions in the domestic money market have been improving since April …
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The Sri Lanka Tourism Development Authority (SLTDA), in collaboration with the Asian Development Bank (ADB), has launched an innovative e-learning platform aimed at improving the management and operational standards of homestays across Sri Lanka. The initiative is part of ADB’s technical assistance programme (TA 9881 SRI: Supporting Tourism Resilience) and is designed to build resilience and sustainability within the tourism …
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Coconut Milk Manufacturers’ Association (CMMA) President Randeewa Malalasooriya says that the nation’s coconut industry has the potential to bring in $ 2.5 billion as revenue up from the current industry average of $ 850 million. Malalasooriya further stated that the country must improve the annual coconut production to 4.5 billion nuts in the long term while also focusing on the …
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Many Sri Lankans rely on agriculture as their primary source of income and it is contributing significantly to the country’s economy. And also agriculture has an unchanging demand, mainly due to its heavy contribution to food security. It is one of the key sectors that offers significantly to the development of any country’s economy, interacting with other sub-sectors related to …
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The Finance Ministry yesterday announced that it has initiated the formation of a special advisory committee to address challenges faced by Micro, Small and Medium-sized Enterprises (MSMEs) in implementing the Parate law, a legal provision that allows banks to seize collateral from loan drafters without Court intervention. The Ministry said the committee aims to provide sustainable solutions and develop policy …
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As the initial step in the digitalization of government services, the ‘GovPay’ digital payment platform will be launched by the government of Sri Lanka on February 07. Accordingly, the launch ceremony will be held on February 07, under the patronage of President Anura Kumara Dissanayake. This platform is expected to streamline and modernize transactions conducted through government institutions, enabling seamless …
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• Several decisions by the government to facilitate investors• A nation cannot progress without a transformative shift in public attitudes.• Economic resources and opportunities must be introduced at the village level.• Plans to prepare Sri Lanka for a transformation in Southeast Asia• Moving from an individual-targeted aid approach to a community empowerment model• Companies unable to provide a daily wage …
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‘Young entrepreneur’ born from a project written for her degree – Himali Suraweera Every year, tens of thousands of projects are written by Sri Lankan university students on a wide range of topics. But how many of them gain light in their lives from those projects? And how many do justice to the degree they have earned? Considering how long …
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