International rating agency Fitch has reportedly said that Sri Lankan banks have been able to manage the capital impact of first-time adoption of SLFRS 9 accounting standards.
Sri Lanka has launched an online employment and entrepreneurship platform for the country’s youth with YouLead, a programme that kicked off 19 months ago and funded by the US Agency for International Development (USAID).
Sri Lankan authorities expect the proposed oil refinery in the country’s Southern Province could boost operations in the Southern Hambantota Port.
Sri Lanka’s Minister of Industry and Commerce Rishad Bathiudeen has said that the government-owned mineral sands miner planned to set up a processing plant later this year.
The Finance Ministry of Sri Lanka has announced that the government has signed a US$ 989 million project loan with China for the construction of the Central Expressway.