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EDB nurtures exporters to build linkages with buyers in Europe
The Sri Lanka Export Development Board (EDB), in association with the Import Promotion Desk (IPD), Germany has taken measures to build one to one contacts with buyers in Europe.
FAO says 40 percent of SL’s house holds income drop from Jun to Dec
Over nine million people, or more than 40 percent of Sri Lanka’s 21.6 milion population, have slipped into the official poverty line due to the country’s unending economic crisis, a recent report released by a reputed UN international organisation has found.
SL’s economy falls deeper into recession amidst tight monetary policy
Sri Lanka’s economy has fallen deeper into recession, as tight monetary policy and Asia’s fastest inflation further aggravated the nation’s economic crisis, latest official statistics indicated.
Central Bank Governor says in rediffusion SL needs reforms with or without IMF
While keeping his radio silence and switching on his ‘rediffusion’ , Central Bank Governor Nandalal Weerasinghe said with or without the International Monetary Fund (IMF), Sri Lanka needs to bring in reforms to correct the economy and put it on a sustainable footing.
Korean firm takes the lead towards developing Trincomalee industrial harbour
Sri Lanka’s initiative of developing Trincomalee as an “industrial harbour” is now underway with a Korean firm stepping into setting up a container factory in Trincomalee with US$ 50 million investment.