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World Bank predicts SL economic growth to shrink by 7.8 percent in 2022
The World Bank (WB) expects Sri Lanka’s economy to shrink by 7.8 percent in the year 2022, a grim outlook, due to the country battling with severe shortages in electricity, food and fuel.
Sri Lanka apparel sector fails to hit US $ 6 billion export target
The export earnings in Sri Lanka’s clothing sector for the June to August period are set to fall by 20-25 percent, with the sector likely to miss the US $ 6 billion export target for the year, as the country’s political and economic crisis continues unabated.
Three state food security committees to handle lanka food crisis
With little remaining domestic food reserves and currency, coupled with record-high prices for fertilizer and food triggered by man made agriculture disaster , Sri Lanka seems to have run out of options for food security.
IMF team visits Sri Lanka Monday20 to negotiate economic program
An International Monetary Fund (IMF) team will be visiting Sri Lanka on June 20-30 to continue discussions on an economic programme till the end of this month.
Listed companies March quarter earnings record 135 percent increase
Listed companies combined March quarter earnings posted a whopping 135 percent increase year on year to Rs. 262 billion largely on account of substantial forex gains, First Capital Research revealed yesterday. Quarter on Quarter up 51% to Rs. 173.2 billion.