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Sri Lanka’s Imports Were 4% Higher in 2021 When Compared to 2019
Sri Lanka’s Imports have grown by 4%, (USD 700 Million) from 2019 to 2021. One of the main contributors for this growth is the increase in the Medical and Pharmaceuticals imports by 60% which amounts to USD 330 Million. However, the imports on Personal Vehicles have declined significantly by 98% (USD 803 Million) during this period
Featured Insight
Sri Lanka’s Imports Were 4% Higher in 2021 When Compared to 2019
Sri Lanka’s Imports have grown by 4%, (USD 700 Million) from 2019 to 2021. One of the main contributors for this growth is the increase in the Medical and Pharmaceuticals imports by 60% which amounts to USD 330 Million. However, the imports on Personal Vehicles have declined significantly by 98% (USD 803 Million) during this period
Featured Insight
Sri Lanka’s Imports Were 4% Higher in 2021 When Compared to 2019
Sri Lanka’s Imports have grown by 4%, (USD 700 Million) from 2019 to 2021. One of the main contributors for this growth is the increase in the Medical and Pharmaceuticals imports by 60% which amounts to USD 330 Million. However, the imports on Personal Vehicles have declined significantly by 98% (USD 803 Million) during this period
Featured Insight
Sri Lanka’s Imports Were 4% Higher in 2021 When Compared to 2019
Sri Lanka’s Imports have grown by 4%, (USD 700 Million) from 2019 to 2021. One of the main contributors for this growth is the increase in the Medical and Pharmaceuticals imports by 60% which amounts to USD 330 Million. However, the imports on Personal Vehicles have declined significantly by 98% (USD 803 Million) during this period
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Fitch Downgrades Sri Lanka to ‘C’
Fitch Ratings has downgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘C’ from ‘CC’. The issue ratings on foreign-currency bonds issued on international markets have...
2022-04-17
Island
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US announces $6 million in emergency assistance to SL
The United States announced today that it will provide US$6 million in emergency assistance to address the needs of marginalized and vulnerable communities impacted by Sri Lanka’s economic crisis.
2022-06-17
Daily Mirror
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Cabinet gives approval for 2.5% Social Security Contribution Levy
The Cabinet Ministers cleared a bill to introduce a 2.5% social security contribution levy in the budget of 2022 on firms having an annual turnover of more than Rs. 120 million.
2022-06-15
Daily Mirror
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India likely to extend additional USD 500 mn Credit Line to import fuel
Sri Lanka has sought an additional USD 500 million Credit Line from India to import fuel.
2022-06-14
Daily News
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China’s US$74 rice grant to reach Sri Lanka by end June
China’s embassy in Sri Lanka said the first two shipments of a 500 million yuan (74 million US dollar) grant of rice will reach the island’s shores on June 25 and June 30.
2022-06-14
Economy Next
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