The Development Lotteries Board (DLB) has achieved it’s highest-ever profit in its 40- year history.
The DLB recorded a profit margin of 32% for the fiscal year 2022-2023, double the previous year's figure.
As a result, , contributions to both the President's Fund and the government saw notable Increases.
A 13% rise was recorded to the President’s Funda and a 6 per cent increase for the government.
latter. Mr. Ajith Gunaratne Narangala, Chairman and CEO of the Development Lotteries Board, attributed this success to strategic measures aimed at mitigating the country's economic challenges, with special guidance from President Ranil Wickremesinghe, who also serves as the Minister of Finance.
The chairman mentioned that measures have been implemented to boost the prize money for both regular and newly introduced special lottery tickets of the Development Lotteries Board.
Additionally, the board has initiated the introduction of lottery tickets via digital technology, aiming to provide consumers in the country with a novel experience. Notably, a percentage of
the proceeds are earmarked for education and healthcare initiatives within the country.
Sri Lanka’s apparel industry has expressed concern over the Reciprocal Tariff policy announced by the U.S government today saying the new tariffs could significantly disrupt the country’s largest export sector and put thousands of jobs at risk.
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