Exclusive articles:
SL remittances record 14-month high in Nov 22 aiming the US$1 billion target in 2023
Sri Lanka’s ambitious target of US $1 billion monthly foreign inflow from worker remittance by end-2023 is set to become reality amidst signs of sending more money by expatriates via banking channels.
Sri Lanka 2022 tea exports to gain US$ 1.2 b in value; 250 m kgs in volume
Sri Lanka expects tea production to recover in 2023 to 300 million kilograms after output fell to 250 million kilograms in 2022 with the banning of fertilizer and agro-chemicals.
SL-born hedge fund manager Raj Rajaratnam in the island for unknown mission
Sri Lankan-born Galleon hedge fund founder Raj Rajaratnam, alleged of being the mastermind of the largest hedge-fund insider-trading deals in US history
President makes visionary move to develop Ambewela farm dairy industry
In an unprecedented goodwill gesture and a visionary move President Ranil Wickremesinghe has offered land to Ambewela Farm to feed dairy cows.
CB cancels Swarnamahal finance licence allowing SMBF to take over assets
The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to cancel the Finance Business Licence issued to Swarnamahal Financial Services PLC (SFSP), effective from yesterday (28 Dec).