Industry Analysis

Richard Pieris Group’s Q1 Profits Surge 281% to Rs. 1.75 Billion

  • August 2, 2024

Richard Pieris Group, one of Sri Lanka’s largest and most diversified conglomerates, reported a Profit Before Tax (PBT) of Rs. 1.75 billion for the first quarter of the 2024/25 financial year. This represents a 281% increase from the Rs. 459 million recorded in the same period last year. This impressive performance underscores the Group’s resilience

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Economics

Sri Lanka Targets 20% GDP Contribution from Manufacturing by 2030

  • August 2, 2024

The Industry Ministry has set ambitious goals to increase the manufacturing sector’s contribution to Sri Lanka’s GDP from 16% to 20% by 2030. This initiative is part of the National Industry Policy and a five-year strategic roadmap spanning 2023-2027. During a press briefing at the Presidential Media Centre, Industry Ministry Secretary Shantha Weerasinghe emphasized the

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