LNP – First EU-GMP compliant USD 18.5 mn pharma facility opens in Homagama
The government believes that Sri Lanka should aim towards promoting local manufacturing of pharmaceutical products so that foreign exchange can
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Business
LNP – New debt piling up slows as govt. cuts spending
Average monthly debt accumulation plunges to Rs.96bn in 2Q from Rs.244Bbn in 1Q Total public debt rises Rs.1.23tn during first
Read moreLNP – Sri Lanka’s sovereign bond yields rise after Moody’s downgrade
Sri Lanka all set to settle billion dollar sovereign bond on October 4 Analysts say downgrade could push Sri Lanka
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Hànyu Services expands to address growing interest in Chinese language services
In a global climate where China has established its standing as the second largest and fastest growing economy in the
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LNP – Minimum annual saving of Rs. 30 bn Govt procurement goes electronic
The Government will shortly go in for a system where it will engage in all its procurements electronically which will
Read moreLNP – Credit card spend continues uptrend implying consumer spending recovery
The outstanding balance of total credit cards in Sri Lanka continued to add on during July, though at a slower
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LNP – Sri Lanka ranked 83rd on Economic Freedom of World Index
Moves up 15 places from last year; but index compilers say only 2018 data considered for ranking Ranks weak in
Read moreLNP – Weaker reserves, debt repayments hinder SL’s ability to cut rates further: Moody’s
Says SL’s foreign reserves position set to weaken with settling of US $ 1bn scheduled for next month Points out
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LNP – Export earnings strike near US$ 1bn in August
Down 13% over July and 9% over the same month in 2019 Earnings in first 8 months down 19% to
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