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Sri Lanka has also sought an additional $500 million line of credit from India, and began negotiating a credit line of $1.5 billion. Sri Lankan minister of finance Ali Sabry has stated "We are a neutral country. We are a friend to all." [10] In May 2022, Sri Lanka defaulted on its debt for the first time in the country's history. [12]
Abans PLC also known as Abans Group is a Sri Lankan public limited company and a diversified conglomerate in Sri Lanka engaged in ICT, retail, manufacturing, logistics, commercial real estate and financial services. Abans predominantly functions mainly as a consumer retailer selling various electronic appliances, smart phones, laptops, cooking ...
Prior to the formation of the President's Guard, army personnel served as a squadron under the President's Security Division since 1996 and focused on key tasks including the perimeter security of the presidential residence, Temple Trees. 5th Regiment Sri Lanka Armored Corps was the first army unit chosen to be in the dedicated security of the ...
The concept of establishing the Open University of Sri Lanka was by Dr. Nissanka Wijeyeratne the Cabinet Minister of Education & Higher Education at the time. [3] [4]As Cabinet Minister of Education and Higher Education, [5] Wijeyeratne introduced the Universities Act No 16 of 1978 to Parliament. [3]
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [42] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [43]
He served as Chairman of the Public Utilities Commission of Sri Lanka from 2021 until he was ousted in 2023. [2] He is the former chairman and chief executive of Export Development Board of Sri Lanka (EDB), [3] Merchant Bank of Sri Lanka (MBSL), Merchant Credit Sri Lanka (MCSL), MBSL Savings Bank, and MBSL Insurance. [4]
Union Bank of Colombo PLC is one of the top five banks in Sri Lanka in market capitalization as well as one of the country's fastest growing Financial Services Groups. [4] As of 31 October 2017 [update] , the bank operated 66 branches and 121 automatic teller machines (ATM) across the island nation. [ 4 ]
The Judicial Service in Sri Lanka forms the professional judges of the Judiciary of Sri Lanka. It consists of the judges of the Supreme Court, the Court of Appeal, High Courts and the judicial officers (District judges and Magistrates). Appointments are made by the President and the Judicial Service Commission