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Sri Lanka Recognized as a Tier 2 – Advancing Country in the Global ...
Nov 20, 2024 · Sri Lanka has made significant strides in strengthening its cybersecurity landscape, positioning itself as a leader in the region. This progress is reflected in its recognition as an "Advancing" country in the Global Cybersecurity Index (GCI), which highlights its commitment to enhancing cybersecurity practices across multiple pillars.
Sri Lanka’s GDP Growth at 5.5-pct in Q3 2024
Dec 17, 2024 · Sri Lanka has experienced a economic upturn, with the Gross Domestic Product (GDP) expanding by 5.5% in the third quarter of 2024 compared to the same period last year. The GDP for the third quarter of 2024 at constant price (2015) has increased up to Rs. 3,151,941 million from Rs. 2,987,544 mil
Sri Lanka’s Exports Surge by 18-pct in October 2024
Dec 3, 2024 · As per the provisional data released by the Sri Lanka Customs, the country's merchandise export performance in October 2024 reached an impressive US$ 1,097.1 million. This marks an 18.22% increase compared to October 2023, mainly driven by growth in the export of Apparel & Textiles, Tea, Rubber-
Sri Lanka to Establish Doppler Weather Radar at Puttalam with …
Dec 20, 2024 · Sri Lanka is set to establish a Doppler weather radar in Puttalam, thanks to funding from the Japan International Cooperation Agency (JICA). This initiative is part of a broader effort to improve the country’s weather prediction and disaster preparedness. The island nation, surrounded by vast sea
Twinery leads Sri Lankan innovation as it celebrates 100 granted ...
Dec 18, 2024 · Traditionally recognized in the fields of agriculture and tourism, Sri Lanka has often been overlooked as a hub for technological innovation. Twinery, the innovation arm of global apparel tech leader MAS Holdings, is redefining this narrative as it proudly announces the granting of its 100th utility patent.
Opinion: Foreign Direct Investment Opportunities in Sri Lanka - A ...
Nov 6, 2024 · Introduction Sri Lanka is at a pivotal moment in its economic development journey, with a fresh political climate following recent elections and numerous policy reforms aimed at bolstering foreign direct investment (FDI). The government has unveiled an agenda that actively encourages internationa
Sri Lanka Revises VAT Exemptions Starting 2024 (Complete List)
Dec 22, 2023 · The Inland Revenue Department of Sri Lanka has announced an update to the list of goods and services exempted from Value Added Tax (VAT) beginning January 1, 2024.
UK-Sri Lanka Trade Mission Boosts Women Entrepreneurs' Export …
Dec 12, 2024 · The Sri Lanka Export Development Board (EDB) and the International Trade Centre (ITC) co-organized a series of factory visits as part of the UK-Sri Lanka Trade Mission under the SheTrades Commonwealth+ Programme. 59 factory visits were held from December 2nd to 6th, the initiative brought buyers
Asian Development Bank extends USD 150 mn line of credit to CEB
Dec 20, 2024 · Asian Development Bank (ADB) and Ceylon Electricity Board (CEB) signed an agreement on 19th December 2024, for ADB to provide a loan of $150 million to CEB. After rigorous due diligence by ADB on technical, economic and social merits of CEB’s upcoming investment proposals, ADB approved the loan