Adaderana Biz English | Sri Lanka Business News - Sri Lanka's 24x7 ...
WEBApr 24, 2024 · Deepal Sooriyaarachchi, the well-known Sri Lankan business professional, Accredited Master Coach and Mentor will be among the twenty internation speakers who will deliver a series of Master Classes during the International Coaching Week organized by the International Authority for Professional Coaching and Mentoring (IAPC&M) from 13th- 17th May 2024 and anyone can join using the…
Adani Green Energy Revenue increases 33% in FY24
WEB4 hours ago · The sale of energy increased by 47% YoY to 21,806 million units in FY24 primarily backed by strong capacity addition, consistent solar CUF, and improved wind and hybrid CUF. The solar portfolio CUF remained consistent at 24.5% in FY24 with improved plant and grid availability while the solar irradiation was relatively lower.
IFC Regional Vice President for Asia Pacific Signals Support for Sri ...
WEB6 hours ago · Concluding a two-day visit, IFC’s Vice President for Asia Pacific, Riccardo Puliti, signaled IFC’s commitment to supporting Sri Lanka’s ongoing reforms and growth agenda, while emphasizing the importance of private sector-led development for inclusive economic growth. The visit served as an opportunity for Puliti to engage with key stakeholders, including meeting the President of Sri...
IFC Set to Invest Up to LKR 3,270 million in Sunshine Healthcare …
WEB11 hours ago · Sunshine Healthcare Lanka (SHL), the healthcare arm of the diversified conglomerate Sunshine Holdings PLC (CSE: SUN), has entered into an agreement for a proposed equity investment of up to LKR 3,270 million by the International Finance Corporation (IFC). Subject to satisfaction of conditions, IFC will own approximately 14.7% stake in SHL. IFC investment fortifies Sunshine’s...
A hollow rupee: the high cost of mandatory currency conversions …
WEB6 hours ago · Politics and economics are concepts that are fundamentally intertwined. Yet the unprecedented economic crisis of 2022 highlighted the complex challenges of aligning short-term political goals with long-term economic strategies. While the sharp appreciation of the Sri Lankan rupee in recent months has been roundly welcomed by most sectors of society as a positive signal, this...
NDB Bank Revolutionises Banking in Sri Lanka with the Launch of …
WEB11 hours ago · NDB Bank proudly announces a groundbreaking leap in the realm of banking technology with the introduction of the country’s first wearable pay band, NDB WriztPay, in collaboration with VISA. This innovative offering redefines convenience and security in financial transactions, heralding a new era in Sri Lanka’s banking landscape. The NDB WriztPay Band, designed to seamlessly...
Sri Lanka: State of the Economy 2023 - Adaderana Biz English | Sri ...
WEBOct 17, 2023 · Economic Policy Choices: From Stabilisation to Growth Sri Lanka has faced a turbulent economic journey in recent years, with 2022 witnessing an unprecedented crisis marked by a staggering 8.7% GDP contraction. The economy slowly but steadily pulled back from the abyss over the course of 2023. Notably, the …
Top News Archives - Adaderana Biz English | Sri Lanka Business News
WEB3 days ago · Earnings from merchandise exports increased by 9.8 per cent to US dollars 1,139 million in March 2024 compared to US dollars 1,037 million in March 2023. There was an increase in earnings across all major categories of exports, where industrial exports increased the most. The increase in industrial goods exports in …
Sri Lanka’s Ambitious Budget Agenda Faces High Implementation …
WEBNov 15, 2023 · The targets laid out in Sri Lanka’s budget for 2024 will be challenging to meet, even with the economic recovery that we expect to continue next year, says Fitch Ratings. The fiscal deficit is set to be wider than our current forecast of 7.1% of GDP in 2024 in light of the new data, even...
Analysis - Adaderana Biz English | Sri Lanka Business News
WEBState of the Budget Report estimates 14% shortfall in revenue against budget projection Sri Lanka is projected to fall short of its budget target on revenue to GDP (gross domestic product) for the 33rd consecutive year in 2024, according to the recently released ‘State of the Budget Report 2024’. The State of the Budget Report….
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