Sri Lanka's only national business newspaper | Daily FT
DHL Global Forwarding unveils new 85,000 square feet centralised warehouse facility in Sri Lanka . Monday, 23 December 2024 00:00. DHL Global Forwarding has taken a significant step forward in enhancing Sri Lanka’s logistics landscape with the launch of a new 85,000-square-foot ..
Sri Lanka Presidential election 2024: A turning point or a false dawn?
Oct 2, 2024 · One of the most pressing challenges facing Dissanayake’s administration is the renegotiation of Sri Lanka’s debt. The island’s economy remains shackled by billions of dollars in foreign debt, with China, Japan, and the International Monetary Fund (IMF) being its …
World Bank ups Sri Lanka’s growth projection from 2.2% to 4.4
Oct 11, 2024 · The World Bank yesterday announced that Sri Lanka’s economy has shown signs of stabilisation, projecting growth to surpass the earlier estimate of 2.2% now expected to reach 4.4% in 2024. This positive outlook follows four consecutive quarters of growth, primarily driven by the industrial and tourism sectors. The findings were part of the multilateral donor’s bi-annual report, ‘Sri Lanka ..
Political rupture in Sri Lanka: What lies ahead? | Daily FT
Oct 8, 2024 · 21 September was a day of many firsts in Sri Lanka. Millions of people went to the polls to vote in the first Presidential elections since mass protests forced the country’s last elected president, Gotabaya Rajapaksa, from office in 2022. 1, 2 It also marked the first time in Sri Lanka’s history that a second round of counting had to take place after none of the candidates secured the 50% ...
Upbeat President Ranil Wickremesinghe shares vision for …
Sep 12, 2024 · Q: In the ongoing campaign trail, what have you seen and heard and what has surprised you? This election is still wide open, with people carefully listening and considering their options for the future. I am the only one who has put up novel ideas promoting an export-oriented economy, women empowerment law, social justice commission, the parliamentary standards, implementing the 87 ...
Audit exposes Rs. 2.66 b loss in electric vehicle permit scheme for ...
Dec 17, 2024 · The National Audit Office has uncovered significant financial losses amounting to Rs. 2.66 billion and a systemic mismanagement in the former administration’s electric vehicle import scheme for expatriate workers, rising concerns over transparency and accountability. The report, recently submitted to the Parliament, scrutinised the issuance of permits under the scheme between 1 May 2022 and ...
Sri Lanka Tourism aims for record-breaking 2024: Harin
Feb 9, 2024 · Tourism Minister Harin Fernando yesterday expressed optimism about Sri Lanka Tourism’s efforts for a remarkable 2024, signifying the economic potential within the industry. He confirmed that the Sri Lanka Tourism Promotion Bureau (SLTB) is gearing up to launch the global promotion next month, ‘Sri Lanka – You’ll come back for more’ ending a 15-year hiatus. ..
Tourism earnings up 82% YoY to over $ 2 b in 2023 | Daily FT
Jan 8, 2024 · 2023 performance marks highest revenue and visitor influx since 2019; December earnings up 111.4% YoY to $ 269.3 m; Despite falling short of set targets by 4.5% for arrivals and 24% for earnings, industry enjoys robust comeback after three-year hiatus
Software giant IFS to hire 1,000 more in Sri Lanka - Daily FT
Mar 15, 2024 · Vies to double global sales to $ 2 b next year; says SL talent stand to benefit New CEO Mark Moffat commits additional investment; says SL is IFS engine with 2,500 employees at present and responsible R&D, unified support functions, consulting business as …
Harnessing solar and wind power in transitioning Sri Lanka …
Sep 19, 2024 · Sri Lanka stands at crucial crossroads. With an increasing reliance on imported fossil fuels, amidst global climate challenges and energy security concerns, the nation faces mounting economic and environmental pressures. However, the island nation, blessed with abundant natural resources presents a unique opportunity to transition to a more sustainable energy future. The narrative surrounding ...