Sri Lanka will launch a Rs. 80 billion loan programme for new entrepreneurs in January, even as more than 92,000 MSMEs have been hit by the recent cyclone, raising questions about economic priorities.
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Sri Lanka appears set to fall short of its ambitious 2025 export revenue target of US$ 18.2 billion, missing by nearly US$ 1 billion.
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Sri Lanka is projected to miss its 2025 export revenue target by about US$ 1 billion, owing largely to widespread domestic disasters and downturns in global demand.
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Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe has warned that Sri Lanka cannot afford to forget the reform agenda that underpins the country’s stabilisation,
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Sri Lanka’s Central Bank has released sweeping amendments to the Finance Business Act for public consultation, marking a major step toward restructuring the country’s troubled non-bank financial sector.
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Sri Lanka’s Parliament Committee on Public Finance (COPF) has raised serious concerns over the Central Bank’s treatment of foreign exchange swaps,
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Sri Lanka’s tea industry faces significant disruption following last week’s cyclone, with exporters warning of delays, machinery losses and major transport bottlenecks.
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Sri Lanka’s specialty coffee sector received a major boost with The Beans Coffee Factory signing a landmark MoU with Smart Coffee UK during the Curated Coffee Showcase in Colombo.
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Sri Lanka’s export performance, which was on track to exceed USD 16–17 billion this year, is facing renewed risks following disruptions caused by Cyclone Ditwah.
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Sri Lanka’s tourism industry is showing unexpected resilience despite significant disruptions caused by Cyclone Ditwah.
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