Tag: SL Government
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Sri Lanka Business Confidence drops by around 40 percent
Sri Lanka Business Confidence dropped by 39.6 % in Nov 2022, compared with a decrease of 44.0 % YoY in the previous month. Census and Economic Information Center (CEIC) announced.
Government aims to generate US $1 billion from jewellery exports in 2023
The government is planning to secure US $1 billion from jewellery exports in 2023 facilitating value addition of local gems, Minister of Industries and Plantations Ramesh Pathirana disclosed.
CB Governor blames closed economy as one of the reasons for crisis
In another drivel statement, Central Bank Governor Nandalal Weerasinghe claims that Sri Lanka is both externally and internally fragmented and the worst affected by the ‘post-Covid world.’
BOC under fire of defaulting loans given to state institutions
Samagi Jana Balawegaya (SJB) MP S.M. Marikkar has written to Committee on Public Enterprises Chairman Ranjith Madduma Bandara, calling on him to summon the Bank of Ceylon (BOC) before it immediately to question the status of non performing loans.
Sri Lanka Tea volume sold at auctions declines but prices soar in 2022
Sri Lanka’s total tea export revenue stood at US$ 1.2 billion for 2022 and the export volume for 2022 was 250mn/kg, although tea volume sold at Colombo auctions in 2022 was lower but prices rose to highest since 2017 Chairman of the Sri Lanka Tea Board Niraj De Mel said.