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WEB3 days ago · Designed to revolutionize blood disorder testing with unparalleled speed using advanced diagnosis technologies which enhances precision and accuracy, Asiri Laboratories unveiled the latest state-of-art Haematology Analyzer, Mindray BC-6800Plus, a cutting-edge instrument and world’s fastest standalone unit at its flagship laboratory at Asiri Medical Hospital, Colombo 05.
World Bank Signs Additional $200 Million to Support Sri Lanka’s ...
WEB10 hours ago · The World Bank and the Government of Sri Lanka today (07) signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO) for $200 million. This is the second operation in a two-part series that began in 2022. The first operation, totaling $500 million, was disbursed in June and December 2023. The Second RESET DPO aims to...
Sunshine Healthcare Lanka Attracts USD 10 million FDI from IFC
WEB6 hours ago · Sunshine Healthcare Lanka Limited (SHL), the healthcare arm of diversified conglomerate Sunshine Holdings PLC (CSE: SUN), announced the successful conclusion of the approximately LKR 3,270 million equity investment from the International Finance Corporation (IFC), a member of the World Bank Group. This landmark investment strengthens SHL’s vision to expand healthcare accessibility and ...
ADB Delegation Meets President Dissanayake - Adaderana Biz …
WEB8 hours ago · The Country Director of the Asian Development Bank (ADB) Resident Mission in Sri Lanka, Takafumi Kadono, along with a delegation, met with President Anura Kumara Dissanayake today (07) at the Presidential Secretariat. The discussions focused on ADB's ongoing commitment to support Sri Lanka's economic and social development.
Top News Archives - Adaderana Biz English | Sri Lanka Business News
WEB4 days ago · Janashakthi Life, a leading life insurance provider in Sri Lanka, is pleased to announce exceptional financial results for the first-half of 2024. The company achieved record-breaking growth across key performance indicators, with a notable 45% increase in Gross Written Premiums (GWP) compared to the period under review in 2023. This ...
Sri Lanka to move forward with third review of near $3 bln IMF …
WEB3 days ago · (Reuters) – Sri Lanka plans to move ahead with the third review of its nearly $3 billion programme of support from the International Monetary Fund, the new government said on Thursday, as the island nation seeks to emerge from its worst financial crisis in decades. New president Anura Kumara Dissanayake, who was elected last week,...
Sri Lanka: State of the Economy 2023 - Ada Derana
WEBOct 17, 2023 · Economic Policy Choices: From Stabilisation to Growth Sri Lanka has faced a turbulent economic journey in recent years, with 2022 witnessing an unprecedented crisis marked by a staggering 8.7% GDP contraction. The economy slowly but steadily pulled back from the abyss over the course of 2023. Notably, the …
Remarkable Surge in Agricultural Exports in First Half of 2024
WEBJul 16, 2024 · Of the USD 250.9 million expected to be settled from tea exports to Iran for fuel debt, US$ 55 million has been paid so far – Chairman of Sri Lanka Tea Board. A Coconut Triangle established in the Northern Province to improve living conditions in the region – Chairman of CDA. Special program initiated to...
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...
Advocata Institute Applauds Economic Transformation Bill, Calls …
WEBJun 5, 2024 · The Advocata Institute welcomes the government’s stated intention to move from an inward-oriented economy to a more open economy to boost international trade, foreign investment and productivity.. The Sri Lankan government has gazetted the Economic Transformation Bill to overhaul the country's economic landscape. This ambitious Bill aims to create a more competitive, export-oriented, and ...