Economy Archives - Lanka Business News

January 6, 2025

Sri Lanka’s local assembly and automotive component manufacturing sector has become a significant pillar of the nation’s economy, driving job creation, conserving foreign exchange, and fostering technical innovation. Operating under the Ministry of Industries’ Standard Operating Procedure (SOP), the industry currently boasts over 17 assembly plants producing a range of vehicles, including motorcars, SUVs, motorcycles, […]

December 31, 2024

By Jithendra Antonio Sri Lanka’s economy feels like it’s stuck in a time loop. For decades, the same cycle has repeated—export raw materials, import finished goods, rely on tourism, and hope domestic spending plugs the gaps. But here’s the hard truth: this model is running on fumes. With $8 billion trade deficits, soaring inflation, and […]

December 17, 2024

Dr. Naresh Bana India’s economic growth continues to be remarkable. From a humble 3.5% GDP growth in 1990, India has emerged as the world’s 5th largest economy, with a growth rate of 7% in 2024. Reforms, liberalization, and digitalization have fueled this rapid expansion. Policy paradigm has created enabling environment which continues to propel the […]

December 10, 2024

Bangladesh Bureau of Statistics as the national statistical agency conducts various types of censuses. The most important censuses are population census, agricultural census and economic census. One of the most important statistical activities in the world is the Economic Census which is being conducted under the Economic Census-2023 project being implemented by the Bangladesh Bureau […]

December 9, 2024

PickMe will expand its technology to facilitate the delivery of spirits and soft liquor, integrating yet another key component of the economy on its platform. The company, which is set to launch the service during the holiday season, has in place a robust technological solution that will ensure secure and efficient merchant-to-customer transactions. The solution […]

October 24, 2024

The aviation sector supported 27% of Dubai’s GDP in 2023, with an economic contribution of AED 137 billion (USD 37.3 billion) – which is set to rise to almost a third of Dubai’s GDP by 2030. The total aviation sector impact includes the sector’s core impact as well as the catalytic impact of aviation-facilitated tourism […]

October 22, 2024

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Colombo, Sri Lanka, 22nd September, 2024 — Port City Colombo is progressively facilitating the growth of a robust digital ecosystem that would uplift the Sri Lankan economy. In line with the Government of Sri Lanka’s vision to establish a USD 15 billion digital economy by 2030, Port City Colombo aims to support the country’s ambitious […]

October 16, 2024

Currently, Bangladesh is experiencing an unstable economic growth trajectory with slow GDP growth, coupled with few other challenges like currency devaluation, rising inflation, financial instability, labour unrest, concerns over energy security and disruptions in key export industries that threaten country’s economic stability. Ashraf Ahmed, President of Dhaka Chamber of Commerce & Industry (DCCI) told these […]

September 26, 2024

HONG KONG SAR – Media OutReach Newswire – 25 September 2024 – Hong Kong’s vibrant economy and strategic location offer boundless opportunities for European firms. Starting in Spain, a delegation led by Hong Kong’s Financial Secretary Paul Chan, is visiting Madrid (September 22-25, 2024) and London (September 25-28, 2024) to promote Hong Kong’s advantages, in […]

August 30, 2024

By Jithendra Antonio As the presidential election draws near, the people are eagerly awaiting the next era of Sri Lanka. There is no doubt that the result of the election will have a lasting impact on the nation and the economy. One of the most important aspects that the next government should focus on, is […]

Sri Lanka’s Local Vehicle Assembly Industry: A Catalyst for Economic Growth and Opportunity

From Tea to Tech – Can Sri Lanka Break Free from the Consumption Trap?

Sri Lanka’s economy can hitch a ride on India’s growth juggernaut

Press Briefing on Economic Census 2024 Main Census Data Collection Activities

PickMe plans expansion of Delivery Services for upcoming season

Aviation’s substantial contribution to Dubai’s economy revealed in latest report

Port City Colombo spearheads growth of the IT industry in Sri Lanka

Seminar on Current State of the Economy and Outlook of Bangladesh

Hong Kong-Spain: Unlocking Boundless Opportunities, Partnering for Success

The Importance of maintaining FDIs amidst changing governments