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4 days ago · Towards a Corruption-Free Sri Lanka to Save Billions. How an Effective Procurement Policy Overhaul Could Rewrite the Nation’s Future and Transform the Nation’s Public and Private Sectors By Jithendra Antonio In a country where corruption has long infiltrated both public and private sectors, Sri Lanka approaches a critical juncture, where decisions today will echo for generations.
Sri Lanka’s official reserves up by 7.9% to USD 6.46 bn in October
3 days ago · Sri Lanka’s official reserve assets have significantly increased to USD 6.46 billion in October 2024, according to the Central Bank of Sri Lanka (CBSL). This is an increase of 7.9% compared to the USD 5.99 billion recorded in September 2024. Sri Lanka’s foreign currency reserves, which is the main component of official reserve assets, have...
Towards a Corruption-Free Sri Lanka to Save Billions
4 days ago · How an Effective Procurement Policy Overhaul Could Rewrite the Nation’s Future and Transform the Nation’s Public and Private Sectors By Jithendra Antonio In a country where corruption has long infiltrated both public and private sectors, Sri Lanka approaches a critical juncture, where decisions today will echo for generations. Embedding a robust procurement system is more...
Sri Lanka's Global Competitiveness at Risk: The Economic Cost of …
5 days ago · Efficient border agency operations are crucial for any economy, especially for island nations like Sri Lanka, where trade significantly contributes to economic growth. Delays in cargo clearance disrupt the flow of goods, increase costs, and undermine the country’s competitiveness in global trade. These delays impose substantial economic costs that adversely affect Sri …
Salesforce To Drive AI Led Digital Transformation in Sri Lanka
4 days ago · Salesforce, the #1 CRM, powered by AI technology and capabilities, reinforced its commitment to digitally transforming businesses in Sri Lanka, aligning with the country’s 2030 vision for a digital Sri Lanka.Leveraging Salesforce’s cutting-edge innovation around Artificial Intelligence (AI) and automation, Salesforce will revolutionise customer experiences for businesses across industries ...
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Nov 1, 2024 · Sri Lanka pays USD 503 mn for debt service during H1 2024. Sri Lanka’s external debt reached USD 37.5 billion as of June 2024, according to the Mid-Year Fiscal Position Report. In the first half of 2024, debt service payments amounted to USD 503 million, comprising USD 275.1 million in principal and USD 227.9 million in interest.
Accelerating Digital Transformation to Drive Economic Growth
Oct 30, 2024 · • New Initiative Launched to Lower Electricity Costs – President Addresses Sri Lanka Chamber of Commerce Representatives • Chamber of Commerce Pledges Pro Bono Support for Economic Development President Anura Kumara Dissanayake announced that the entire country will undergo digital transformation within the next three years under his administration. He highlighted that digitization holds ...
Sri Lanka's Economic Turnaround: A Beacon of Resilience and …
Jun 27, 2024 · By Jithendra Antonio In a historic address to the nation on June 26, Sri Lankan President Ranil Wickremesinghe announced the successful signing of bilateral debt restructuring agreements with the Paris Club, India, and China. This milestone marks a significant turning point in Sri Lanka’s recent history, demonstrating the effectiveness of strategic leadership, resilience, and international...
US Pledges Support to Bolster Sri Lanka’s Economy
Oct 9, 2024 · The United States has committed to providing essential support to strengthen Sri Lanka’s economy. In a meeting held Yesterday (October 8) at the Presidential Secretariat, Mrs. Julie J. Chung, the US Ambassador to Sri Lanka, announced that support would be focused on fostering an export-driven economy in the country. Additionally, Ambassador Chung conveyed congratulations from...
Remarkable Surge in Agricultural Exports in First Half of 2024
Jul 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...