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

Sri Lanka to find investors by 'competitive system' after revoking plantations privatizations

Sri Lanka privatized of 22 plantations companies in the 1990s through long term leases

May 24, 2024 3 min read

Supreme Global says ropes in Malaysia's MMAG for SriLankan Airlines bid

MAC will provide freighter aircraft and operational support to establish a cargo feeder network for SriLankan Airlines

May 17, 2024 1 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

May 17, 2024 2 min read

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

May 15, 2024 1 min read
Sri Lanka risks foreign retaliation over VFS visa deal

SriLankan enjoy visa exemption status to Maldives and Singapore

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.

Nethmi Rajawasam
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

Nethmi Rajawasam
April 6, 2024 1 min read

Sri Lanka 2024 growth upgraded, but recovery path narrow, says World Bank

Results were already beginning to be seen, but there was unlikely to be a quick bounce back

April 3, 2024 2 min read

Sri Lanka and India discuss implementation of connectivity projects

Kwatra has emphasized that now is an opportune moment for both countries to advance agreed-upon project

March 30, 2024 2 min read

Sri Lanka rupee expected to reach 280 to US dollar by June: President

Then the prices of goods will fall. Next year the rupee may strengthen even more

March 21, 2024 3 min read

Sri Lanka GDP grows 4.5-pct in fourth quarter, down 2.3-pct in 2023

In the fourth quarter of 2023 Agriculture grew 0.6 percent, Industry 7.9 percent and and Services 2.8 percent

March 15, 2024 1 min read

Sri Lanka's Port City attracts fund manager interest

"They are interested because they see the potential

March 15, 2024 2 min read

Sri Lanka seeking debt moratorium till Dec 2027, repayments by 2042: President

Debt to be repaid from 2027 to 2042

March 6, 2024 1 min read
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ADB country chief hopes Sri Lanka could sustain policy reforms despite elections

The IMF has strictly placed some reforms including in state sector enterprises, fiscal and monetary sectors

February 22, 2024 3 min read

Sri Lanka Central Bank pay hike questioned in parliament

Employees of Sri Lanka's Central Bank, which contributed to making country bankrupt, received 70 percent pay hike

February 20, 2024 1 min read
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Sri Lanka manufacturing, services expand in Jan 2024: PMI

Apparels see recovery, services up amid tourism

February 16, 2024 2 min read

Sri Lanka recovering amid global risks, IMF deal key to confidence: central bank

Any disruption to this programme would create high economic costs to the country

February 15, 2024 3 min read

Five Indian firms among six prequalified for Sri Lanka's Canwill Holdings RFP

The SOERU called for expressions of interest in October last year

February 7, 2024 2 min read

Sri Lanka inching forward on 76th independence as people backed difficult program: President

If we go in this road, the difficulties will fade away

February 4, 2024 3 min read

Sri Lanka's trade barriers, denied economic freedoms seen driving corruption

Regulatory barriers are sources of fuel for corruption

January 30, 2024 3 min read

Sri Lanka keeps policy rates unchanged, CB wants market interest to fall

Any price increases from VAT to be short-lived

January 23, 2024 6 min read

Sri Lanka wages lowest in Asia-Oceania for managers, staff, Japan firms find

32.3% faced challenges with human resources, which was also the lowest percentage in the Asia-Oceania region

January 19, 2024 2 min read

Sri Lanka manufacturing, services expand in Dec in festive demand: PMI

Festival demand and tourist arrivals drive activity

Apsara Rodrigo
January 17, 2024 2 min read