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In the second quarter of 2020, Sri Lanka's GDP was estimated to have contracted by 16% the biggest quarterly fall on record and expanded by 2% in the third quarter. In the first nine months of the year, GDP was estimated to have contracted 5%. [120] After growing 5.0% in 2015, growth fell to 4% in 2016, 4% in 2017, 3% in 2018 and 2% in 2019. [121]
Union Assurance is ranked 54th in LMD 100, an annual list of publicly traded companies in Sri Lanka ranked by revenue, in its 2020/21 edition. [8] Union Assurance is placed 51st amongst the most valuable brands in Sri Lanka. The brand value grew by 10.5% in 2022 to LKR1,982 million according to Brand Finance. [9]
Sri Lanka emerges as first runners-up in the 2020 Online School Debate Championship, losing to Canada 8–1 in the finals. [63] It was the first instance where Sri Lanka made it to the finals in the history of World Schools Debating Championships. Sri Lanka was also awarded the top-performing ESL team for secondary English-speaking countries. [64]
ICRA Lanka adjudged the issue as an A Credit Enhancement rating with a stable outlook. [9] The company was awarded the silver award in the trading companies category at the 54th Annual Report Awards in 2018. The awards ceremony is organised by the Institute of Chartered Accountants of Sri Lanka and the ceremony was held at Shangri-La Colombo. [10]
The Sri Lankan economic crisis [8] is a in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
2014 - Accredited by the Joint Commission International (JCI)(1st JCI Accredited Hospital in Sri Lanka) - Gold Seal of Approval. [4] 2014 - Liaison office is opened in the Maldives. [5] 2017 - Radiology Department updated with state of the art equipment and Laboratory operations re-accredited with ISO 15189:2012.
Access Engineering PLC is a Sri Lankan civil engineering company engaged in the construction industry and supply of construction-related services and materials. [2] The company is one of the constituents of the S&P Sri Lanka 20 Index. [3] The company was founded in 2001, and in 2012 was listed on the Colombo Stock Exchange.
LMD 100 ranks listed companies in Sri Lanka by revenue annually. [10] Amari Wijewardene is the company's chairperson and a member of the Wijewardene family . Wijewardene's appointment as the Sri Lankan High Commissioner to the United Kingdom in 2016 by her cousin, then prime minister Ranil Wickremesinghe was criticised as nepotism. [ 11 ]