BUSINESS

Sri lanka slips down in global corruption perception rankings  

Sri Lanka fell 8 places in Transparency International’s corruption perception index (CPI) for 2021, with the state now ranking 102nd in the world. With a...

ADB pledges more assistance to Sri Lanka SMIs for export diversification

The Asian Development Bank (ADB) this week assured to help Sri Lanka diversify its exports by supporting the Small and Medium Enterprises (SMEs).ADB Country...

Government tackles drug shortage despite forex crisis

 Despite speculations that Sri Lanka would plunge into a drug shortage in about two months, the Treasury has released adequate funds enabling commercial banks...

Tea farms fear 40-pct crop loss in 2022 while   rubber wipe-out over fertilizer ban

 Sri Lanka’s tea output could fall 40 percent in 2022 and rubber could be wiped out by leaf disease, threatening livelihoods and export revenues,...

US investigates into Sri Lankan steel nail imports for  anti-dumping

 The International Trade Administration Agency under the United States (U.S.) Department of Commerce (DoC) has launched an investigation into certain steel nails imports from...

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