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High Gold Prices Are About the Dollar, but Recession Fears Can’t Be Ruled Out

Let's say you have a 1-ounce bar of gold sitting on your desk. Right next to it is a stack of U.S. dollars equal to the early Aug. 6 spot price of gold, $2,413.90 per ounce. If you didn't do...

Ambassador Chung’s Remarks at WEConnect Supplier Development

Good morning, everyone. It is a great pleasure to be here this morning with such an incredible group of amazing and inspiring women entrepreneurs.  I want to start by thanking WEConnect International for the remarkable work they do in empowering...
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National Industrial Policy and 2023-2027 Strategic Plan Prepared to Build a Globally Competitive Industrial Base

Target Set to Increase Manufacturing Sector’s Contribution to 20% of GDP by 2030. Entrepreneurship’s Contribution to Workforce Aimed to Reach 7%. Objective to Boost Industrial Exports’ Share to 20% of GDP. 3,925 Manufacturing Industries Registered by June 2024. Rock Phosphate...

EDB at 45: An odyssey of worthwhile accomplishments

The 1st of August, 2024, marks the 45th anniversary of the Sri Lanka Export Development Board (EDB). The EDB was established in 1979 with the objective of establishing a strong government-level institutional framework to develop and promote Sri Lanka’s exports in order...

Colombo Port Recognized as the World’s Fastest-Growing Port in Q1 2024

Operational Performance Shows Remarkable 23.6% Growth Rate – Secretary to the Ministry of Ports, Naval, and Aviation Services. International Passenger Movements Reach 4.3 Million in 2024, 26.10% Increase Compared to July 2023. Construction of Bandaranaike International Airport’s Second Terminal Set...

AMBASSADOR CHUNG’S REMARKS AT THE MAHARAJA FOODS IPO EVENT

Good morning, ladies and gentlemen. It is a true honor to be here at the Colombo Stock Exchange to celebrate the hard work of a woman-owned and -led business’ debut on the trading floor. First and foremost, let me extend...

President Praises Political Parties in Parliament for Supporting the Economic Transformation Bill

Together, Let’s Advance This Program. Advancing the Country by Building a Progressive, Export-Centric Digital and Green Economy – President stated Launching the Digital Economy Strategy 2030 Program in Kegalle. Smart Classroom Equipment Provided to 42 Pirivens and 62 Schools in...

EDB Successfully Conducts 24th Exporters’ Forum

The Sri Lanka Export Development Board (EDB) successfully held its 24th Exporters’ Forum on the 25th of this month. The forum, a platform for discussing and resolving issues faced by exporters, was presided over by State Minister of Investment Promotion,...

The Central Bank of Sri Lanka Further Reduces Policy Interest Rates

xr:d:DAFnXDbZRoo:36,j:4282192976072233294,t:23070602 The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 23 July 2024, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank...

Revitalizing the Tea Industry: A Crucial Step for Export Economic Growth

President Ranil Wickremesinghe emphasized the crucial role of the Sri Lankan tea industry in transitioning the country towards an export economy. He underscored the need for a comprehensive promotion strategy, developed in collaboration with both public and private sectors. The...
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