Economy Archives - Page 3 of 6 - Lanka Business News

May 22, 2023

PickMe has become a trailblazer by creating safety nets for those working in the gig economy. Currently, over 11,000 drivers are covered under the company’s latest insurance scheme. As PickMe expands their platinum and gold categories for drivers, the insurance scheme will provide cover to more people. Something unique about the scheme […]

April 7, 2023

As the Sri Lankan economy continues to grapple with the effects of the recent economic crisis and the slow pace of recovery, the country’s real estate market is also struggling to cope, particularly since the upcoming housing crunch in Colombo is now starting to raise concerns for both developers and prospective homeowners […]

March 9, 2023

09th March 2023, Colombo: In an effort to support Sri Lanka by stabilising the nation’s economy amid an ongoing economic crisis, the International Finance Corporation (IFC), a member of the World Bank Group, has stepped forward to provide a cross-currency swap facility to Sampath Bank PLC, along with two other private banks. Accordingly, […]

February 27, 2023

Colombo, Sri Lanka, February 27, 2023—To support Sri Lanka amid an ongoing economic crisis, the International Finance Corporation (IFC) is providing a cross-currency swap facility to three of the country’s leading national banks that deal with over 30 percent of Sri Lanka’s remittances and exports. It will support the private sector with […]

January 2, 2023

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Ride hailing and food deliveries have reached pre-covid numbers for PickMe, pointing towards the economy starting to get back on its feet by December 2022. In the last year alone, the app based mobile operator registered over 40,000 new drivers into their network, showing robust growth for the PickMe platform. Jiffry Zulfer, […]

December 12, 2022

EY, SRI LANKA, – EY successfully concluded its inaugural Sri Lanka Banking Conference themed “Surfing Through the Crisis” on 14 November 2022. The event builds on a series of similarly themed sessions conducted by the firm over the past two years aiming to support the Banking sector navigate through these challenging times. […]

November 14, 2022

The new project, with an investment of approx. 1.9 million USD, will prioritize decent work opportunities for the most vulnerable and marginalized women and men. It will primarily focus on supporting value chains in the agriculture and fisheries sector towards achieving a growing and inclusive economy in Sri Lanka’s Northern Province Colombo, […]

October 31, 2022

COLOMBO, Sri Lanka – October 27th, 2022 – Microsoft for Startups Founders Hub was recently launched in Sri Lanka to empower local startup founders to turn their ideas into reality and help boost the economy. The Microsoft for Startups Founders Hub is designed to remove traditional barriers to building a company and […]

October 21, 2022

Sri Lanka Institute of Marketing (SLIM), the apex body for Sri Lankan marketers founded with a view to harnessing the available skills in marketing for the growth and development of the profession, has opened entries for the 2022 edition of SLIM SME Development Awards (SMEDA) from the 20th of October until the […]

August 15, 2022

The Central Bank of Sri Lanka (CBSL), with a view to broadening its engagement with key stakeholders of the economy, established the Stakeholder Engagement Committee (SEC) by replacing the Monetary Policy Consultative Committee (MPCC) and the Financial System Stability Consultative Committee (FSSCC) of the CBSL that were in operation previously. The […]

PickMe insures drivers on and off the clock

Colombo’s looming Housing Crunch: Brace yourself for rising apartment prices

Boost Sri Lanka’s economy with IFC’s $400 million Cross – Currency Swap Facility

Boost to Sri Lankan Economy with IFC Providing Financing of up to $400 Million to Banks to Ensure Essential Imports

PickMe registers over 40,000 new drivers in 2022

Sri Lanka Banking Conference “Surfing Through the Crisis” Can the banking sector survive this economy, or can it help the economy survive?

The Norwegian Embassy and the International Labour Organization come together to improve the economic wellbeing of vulnerable groups

Microsoft launches Founders Hub in Sri Lanka

Sri Lanka Institute of Marketing launches SME Development Awards

Establishment of the Stakeholder Engagement Committee