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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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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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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‘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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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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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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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 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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