Tag: Sri Lanka
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Saudi Fund Restructures over SAR 517 Million in Loans to Aid Sri Lanka’s Debt Recovery
In a significant boost to Sri Lanka's ongoing debt restructuring efforts, the government has signed bilateral amendatory loan agreements with the Saudi Fund for...
GovPay Set to Digitally Transform 150 Sri Lanka State Institutions by 2025
Sri Lanka is accelerating its digital transformation agenda, with plans to onboard over 150 government institutions to the GovPay digital payment platform by September...
Apparel Exports to US Face Major Setback as Retail Sales Dip and Tariff Threat Looms
Sri Lanka's apparel industry is facing renewed pressure amid falling US retail sales and looming tariff hikes that could derail exports to one of...
144,000 Sri Lankans Depart for Overseas Jobs in First Half of 2025; Remittances Rise Nearly 19%
The Sri Lanka Bureau of Foreign Employment (SLBFE) reports that 144,379 Sri Lankan migrant workers left the country for overseas employment between January and June 2025, with male workers outnumbering...
Sri Lanka, STEMedical USA Ink $15 Million Deal to Launch Internationally Accredited Lab
A significant step toward advancing Sri Lanka’s scientific infrastructure was taken as the Sri Lanka Institute of Biotechnology (SLIBTEC) signed a $15 million Memorandum of Understanding (MoU) with STEMedical,...