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WEBThe Safe Processing in Cooperative Enterprises (SPICE) cooperative development project follows three farmer cooperatives in Sri Lanka, India and Guatemala Frontier Co-op, a leading supplier of sustainably sourced and organic spices, herbs and botanicals, has completed its multi-year Safe Processing in Cooperative Enterprises (SPICE) cooperative development project supported by the United ...
Cabinet Approves the National Trade Facilitation Roadmap for Sri …
WEB14 hours ago · In a landmark decision, the Cabinet approved the National Trade Facilitation Roadmap for Sri Lanka bill marking a significant step forward in Sri Lanka’s journey to modernize its cross-border trade processes and align with global trade facilitation standards. The roadmap now serves as the country’s official strategy for driving comprehensive trade reforms, aimed at streamlining...
PickMe’s IPO oversubscribed - Adaderana Biz English | Sri Lanka ...
WEBSep 13, 2024 · Digital Mobility Solutions Lanka Limited, known as PickMe, has successfully concluded its Initial Public Offering (IPO), demonstrating robust investor interest. The company offered 43,474,179 shares at a price of LKR 36.00 per share, and the issue has been oversubscribed. As detailed in the prospectus dated September 3, 2024, the subscription list will officially close today...
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WEBSri Lanka Parliament Approves Offshore Banking Regulations at Port City Colombo. Port City Colombo announced that the two gazetted regulations, Offshore Banking and Offshore Banking — Prudent Management and Confidence, were officially passed by the Parliament of Sri Lanka on 4th September 2024. This milestone represents Port City Colombo’s ...
Dialog Launches Trilingual Sayuru App to Support Sri Lankan …
WEB22 hours ago · In a continued effort to empower Sri Lanka’s fishing communities, Dialog Axiata PLC, the country’s #1 connectivity provider, has launched the Sayuru mobile app, available in Sinhala, Tamil, and English. Designed for day-boat fishermen, the app offers real-time weather updates and other essential services, in partnership with the Department of Fisheries and Aquatic Resources and...
Advocata Institute Applauds Economic Transformation Bill, Calls …
WEBJun 5, 2024 · The Advocata Institute welcomes the government’s stated intention to move from an inward-oriented economy to a more open economy to boost international trade, foreign investment and productivity.. The Sri Lankan government has gazetted the Economic Transformation Bill to overhaul the country's economic landscape. This ambitious Bill aims to create a more competitive, export-oriented, and ...
Relaxation of the period applicable for exporters of goods to …
WEBSep 9, 2024 · Taking into consideration the macro-economic developments, in particular the developments in domestic foreign exchange market conditions, Central Bank of Sri Lanka issued the “Repatriation of Export Proceeds into Sri Lanka Rules No. 01 of 2024” (Rules), which was published in the Gazette Extraordinary No. 2391/02 dated 01.07.2024, in terms of the Central Bank of Sri...
Sri Lanka’s Ambitious Budget Agenda Faces High Implementation …
WEBNov 15, 2023 · The targets laid out in Sri Lanka’s budget for 2024 will be challenging to meet, even with the economic recovery that we expect to continue next year, says Fitch Ratings. The fiscal deficit is set to be wider than our current forecast of 7.1% of GDP in 2024 in light of the new data, even...
Business Sentiment: Index Climbs to an 11 Month High
WEBMay 31, 2024 · Business confidence spikes for a third consecutive month to nearly three digits Sri Lanka’s internal affairs are heating up with critical agreements pending regarding debt restructuring. The government however, is confident that the process will be completed in time for the release of the third IMF tranche in June. President Ranil Wickremesinghe announced that the...
ADB Approves $100 Million Loan to Support SMEs in Sri Lanka
WEBMar 18, 2024 · The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. “SMEs play a critical role in Sri Lanka’s economy, contributing 52% …
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