Economics

Sri Lanka Urged to Boost Annual USD 12 Billion Export Volume

At a recent Business Dialogue event hosted by the Advocata Institute at Queens Hotel Kandy, Prof. Sirimal Abeyratne emphasized the need for Sri Lanka to significantly increase its annual export volume, which has stagnated at around USD 12 billion since the onset of the open economy in 1977. Prof. Abeyratne compared Sri Lanka’s export performance

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Economics

Ceylon Chamber Launches ‘Vision 2030’ for Sustainable Development

The Ceylon Chamber of Commerce has unveiled its groundbreaking policy document, ‘Vision 2030,’ which outlines a strategic plan for Sri Lanka’s sustainable and inclusive development by 2030. The document was first presented to President Ranil Wickremesinghe and will also be shared with political leaders, the Central Bank Governor, and the Treasury Secretary to encourage a

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Economics

Offshore Banking Regulations Gazetted for Port City Colombo’s Economic Zone

Port City Colombo has officially announced the gazetting of two critical regulations, Offshore Banking and Offshore Banking – Prudent Management and Confidence, for commercial operations within the Colombo Port City Special Economic Zone. This milestone was marked by Gazette Notifications 2394/66 and 2394/67 dated July 26, 2024. These regulations are a significant step towards establishing

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