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Monday June 3rd, 2024
General Economy

Sri Lanka Construction Guarantee Fund premiums plunges, investment income up

Premium income at Sri Lanka's Construction Guarantee Fund plunged 87 percent in 2023 amid a downturn in the industry

April 11, 2024 4 min read

Sri Lanka state workers, military given Rs107bn in April salaries

Usually the monthly salaries are paid starting from the 16 and 17. But for April money is paid before the New Year.

April 9, 2024 1 min read

Sri Lanka worker remittances up 0.7-pct in April 2024

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April 7, 2024 1 min read

Sri Lankans migrating for foreign employment drops 4.2-pct in 2023

Remittances for 2024 end are targeted to increase by 17 percent

April 6, 2024 1 min read
Sri Lanka in talks with Canada investors for US$500mn industrial zone in Jaffna

The industrial park will be build on 700 acres by a defunct state-run cement factory.

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
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Sri Lanka midnight tax drama takes new turn with price controllers policing sugar stocks

Sugar tax comes after Sri Lanka authorities missed IMF revenue target

November 10, 2023 3 min read

Sri Lanka banks repay debt or collect US$1.49bn to Aug 2023

Since April 2022 when the country hiked rates commercial banks have repaid or collected about 3.2 billion dollars

October 30, 2023 4 min read

Sri Lanka sugar firms burying ethanol after currency collapse, taxes: Minister

Legal alcohol producers are not buying ethanol produced at state-run sugar firms and material is piling up

October 23, 2023 3 min read

Sri Lanka positioned for development shift to the Indian Ocean: President

Sri Lanka to benefit from a shift of development from South East Asia and the Asia Pacific, into the Indian Ocean

Nethmi Rajawasam
October 15, 2023 3 min read

Sri Lanka poverty to rise to 27.9-pct in 2023: World Bank

Poverty reduction could resume from 2024 and continue in 2025

October 4, 2023 3 min read

Sri Lanka economic freedom below Burkina Faso, Haiti

Sri Lanka is placed below Haiti and Burkina Faso.

October 3, 2023 2 min read

Sri Lanka local currency rating upgraded to CCC- by Fitch

Local-currency restructuring could accelerate progress towards the restructuring of external debt.

September 28, 2023 9 min read

Sri Lanka's external debt restructure 'progress' decision by IMF exec board

It is the executive board's decision at the end of whether and when the IMF will be able to move ahead.

September 28, 2023 3 min read

Sri Lanka making new laws for Colombo financial zone: President

There was a void in the region Sri Lanka can fill

September 27, 2023 2 min read

Sri Lanka gets 19.23 mn US dollar grant from USA

The US announced the commitment of 19.23 million US dollars in additional funds to further the development of Sri Lanka.

September 21, 2023 1 min read
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