Tag: SL Government
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Sri Lanka’s economy contracts amidst input and supply disruptions
The Sri Lanka’s economy contracted by 4.8 percent year-on-year in 2022 with most of key economic indicators contracted, amid shortages of inputs and supply chain disruptions. High frequency indicators such as the purchasing managers’ indices indicate a continued stress this year.
Cable car project revives by the Govt for visitors to World’s End
A cable car project has been proposed for the implementation by President Ranil Wickremesinghe for visitors to World’s End following the revival of an already approved project.
Central Bank Governor says in rediffusion SL needs reforms with or without IMF
While keeping his radio silence and switching on his ‘rediffusion’ , Central Bank Governor Nandalal Weerasinghe said with or without the International Monetary Fund (IMF), Sri Lanka needs to bring in reforms to correct the economy and put it on a sustainable footing.
Korean firm takes the lead towards developing Trincomalee industrial harbour
Sri Lanka’s initiative of developing Trincomalee as an “industrial harbour” is now underway with a Korean firm stepping into setting up a container factory in Trincomalee with US$ 50 million investment.
SL suggests to form group of Eminent Persons to combat terrorist financing
Sri Lanka has recently proposed to set up a group of Eminent Persons with a view to helping galvanize greater political will and to create further international awareness among states on the importance of combating terrorist financing, at the recently concluded 3rd No Money For Terror (NMFT) Ministerial Conference in New Delhi.