An Echelon Media Company
Monday June 3rd, 2024
General Economy

Sri Lanka expects 8.5-pct credit growth, $20bn imports in 2024

Imports are expected to recover to 20 billion dollars in 2024 from 16.8 billion in 2023.

April 28, 2024 3 min read

Iran President lands in Sri Lanka to open hydro-electric project

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April 24, 2024 1 min read

Sri Lanka making new economic laws to embed structural reforms

Several existing laws are also being changed

April 14, 2024 1 min read

Sri Lanka to grow 1.9-pct in 2024 despite tax hikes: ADB

Reforms and improvement to business climate to help

April 12, 2024 2 min read
Sri Lanka consumers lack awareness, laws alone not enough: CAA

Consumer Affairs Authority says local buyers lack awareness compared to rest of the world

Sri Lanka economic governance forum hosted by Advocata

It will be held on Saturday, May 18, 2024, at the Galle Face Hotel, Colombo from 8.30am onwards

Sri Lanka UDA to finalise investment for 22 development projects

Another 5 projects are in clearance.

Nethmi Rajawasam
January 11, 2024 2 min read

Sri Lanka to set up new embassies amid economic crisis

In this financial crisis, approval was given to do it step by step, in phases

Apsara Rodrigo
January 9, 2024 2 min read

Sri Lanka export investment zones in KKS, Trinco, Iranawila as PPPs

ADB to give technical assistance

January 9, 2024 1 min read

Sri Lanka social instability, policy and currency volatility key problems for Japan investors

About a third of firms hit by a currency crisis last year were seeing an improvement in conditions

January 8, 2024 2 min read

Sri Lanka's Japanese firms hit most badly by fuel shortages, currency depreciation in crisis: survey

The impact of the economic crisis on Japanese companies in Sri Lanka was more serious than initially assumed

January 6, 2024 3 min read

Sri Lanka Customs earns Rs970bn in 2023 despite import restrictions

Customs revenue was impacted due to the import restrictions on vehicles

Apsara Rodrigo
January 3, 2024 1 min read

Sri Lanka's Western province GDP share expands in worst currency crisis

The steepest falls in shares were seen in the East and the North

December 28, 2023 2 min read

Sri Lanka districts allocated 11,250 million to develop rural economy

The decentralized budget for the districts aims to inject financial resources into the villages

Apsara Rodrigo
December 22, 2023 2 min read

World bank releases US$250mn budget support to Sri Lanka

Released after banking sector reforms

December 20, 2023 1 min read

Sri Lanka manufacturing, services grow strongly in Nov: PMI

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December 17, 2023 2 min read
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Sri Lanka GDP expands 1.6-pct in third quarter

Agriculture expanded 3-pct in the quarter, industries 0.3-pct and services 1.3-pct

December 15, 2023 1 min read

Sri Lanka to publish rules to appoint anti-corruption commissioners: IMF report

The rules are to be gazette by end-December 2023 as a new structural benchmark

December 15, 2023 1 min read

Sri Lanka risks have increased, social unrest could re-emerge: IMF report

Social unrest could re-emerge, fueled by falling real incomes, tax rate hikes and energy price increases

December 13, 2023 2 min read

Sri Lanka to raise fines after high inflation

Old fines do not match the recent substantial rises in prices of goods and services, only small fines are made: Minister

Nethmi Rajawasam
December 7, 2023 1 min read

Sri Lanka to re-jig agriculture, give 300,000 acres for commercial farming: President

Wet zone paddy farmers to be given freedom to grow what they like

November 28, 2023 1 min read

Sri Lanka legislator warns thief running loose in central bank

Individual had apparently stolen a big bundle of notes from the central bank's currency issue office,

November 28, 2023 2 min read

Sri Lanka Chamber Economic Summit begins today

On the theme of 'Sustain Reform, Accelerate Growth'

November 28, 2023 2 min read

Sri Lanka's indigenous population seek first people's law

The first people face legal impediments to practice their lifestyle

November 22, 2023 2 min read
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Top court faults Sri Lanka ex-President, Fin Min, PB, CB, Governors for economic collapse

Order by five-judge bench with one dissenting

November 14, 2023 1 min read

Sri Lanka to facilitate cross-border transactions in gig economy: President

It is proposed to introduce policy and regulatory framework to facilitate gig economy and e-commerce transactions

Nethmi Rajawasam
November 13, 2023 2 min read