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ADB forecasts Sri Lankas growth to contract by 7.6 percent

BUSINESS Radi -
The Asian Development Bank (ADB) says Sri Lanka’s growth is forecast to contract by 7.6% in 2022 and economic activity will remain subdued in 2023.

Billionaire Chamath Palihapitiya Issues Global Economic Warning, Says Demand-Side Recession Incoming

BUSINESS Radi -
Billionaire venture capitalist Chamath Palihapitiya is warning that the global economy appears on track to witness two phases of recession.

Sri Lanka Business confidence has hit rock bottom, says CCC chairman

BUSINESS Radi -
Business confidence in Sri Lanka is at its lowest in years, according to the chairman of the Ceylon Chambers of Commerce Vish Govindasamy.

Central Bank grants concessions to affected Borrowers of Licensed banks

BUSINESS Radi -
With the outbreak of the COVID-19 pandemic, the Central Bank of Sri Lanka (CBSL) has introduced several concessionary schemes since March 2020, to assist affected borrowers

Veteran broadcaster Pradeep Amirthanayagam appointed again to People’s Leasing Board

BUSINESS Radi -
Pradeep Amirthanayagam has been appointed as an Independent Non-Executive Director of the Board of the People’s Leasing and Finance PLC with effect from 15 July.
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Development expert Takes Charge as UDA Head Faces Defining Reform Moment

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