An Echelon Media Company
Sunday February 25th, 2024

Sri Lanka could get US$500mn from ADB in 2024

ADB has started work on a 2024-2028 Country Partnership Strategy

February 25, 2024 1 min read

Sri Lankans may need to wait for Monetary Board meeting minutes despite new Act

Many central banks release minutes of their monetary policy meetings to ensure transparency

February 23, 2024 2 min read

Sri Lanka offers fresh debt plan to bondholders amid Hamilton case extension hopes: Sources

An extension of the Hamilton case will give time to wrap up debt re-structuring

February 22, 2024 3 min read

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 to get update on GSP+ cycle at EU joint commission meeting

To be briefed on new GSP Regulation and the new cycle of the EU GSP+ concessions

Sri Lanka political leadership accepts 5 to 7-pct inflation without protest

There had been no such negotiation or an ask for a lower rate

Sri Lanka looking to phase out sending women abroad as domestic workers over 10-year period

Women will instead be encouraged to seek high-paying skilled work abroad, Minister Nanayakkara said.

Himal Kotelawala
February 21, 2024 3 min read

US sanction-hit Iran explores new partnerships with crisis-hit Sri Lanka

Sri Lanka is unable to buy Iran crude since 2012 after the US sanctions

February 21, 2024 2 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

Sri Lanka upfront import duties, para tariffs keep foreign investors out: ex-BOI chief

When you look at investment criteria the go 'go no go decision' is not made because of tax holiday

Nethmi Rajawasam
February 18, 2024 5 min read

Sri Lanka exporters confident about growth prospects: Chamber survey

Ceylon Chamber of Commerce survey covering 2023 and forecasting 2024, exporters expressed confidence in growth prospects

February 16, 2024 2 min read

Sri Lanka consumer confidence drops to lowest levels since IMF agreement: IHP

"Consumer confidence has been falling for nine months since it recovered in March 2023 since the IMF agreement."

February 16, 2024 2 min read

Sri Lanka's rubber workers get certified, coconut pluckers and toddy tappers to follow

169 rubber workers, or those who harvest the sap, were awarded NVQ-3 certificates by NAITA

February 16, 2024 2 min read

Sri Lanka anti-monopoly provisions scattered among 37-laws: Japan study

Japan Fair Trade Commission shares lessons

February 16, 2024 2 min read

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
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Global growth shifts to Asia, Sri Lanka an attractive center: JICA president

JICA will continue to be a partner in the country’s progress

Nethmi Rajawasam
February 15, 2024 2 min read

Sri Lanka makes identification mandatory for Aswesuma II amidst welfare fraud

NIC mandatory for those applying for the second phase of its Aswesuma program due to widespread welfare fraud.

Apsara Rodrigo
February 15, 2024 1 min read

Sri Lanka exporters optimistic over 2024, want political stability and energy: survey

Political stability and consistent energy were identified as key facilitators

February 15, 2024 2 min read

Sri Lanka parliament panel questions gaming regulator delay

Harsha de Silva re-appointed as COPF chair

February 14, 2024 1 min read

Sri Lanka food products showcased at International Green Week in Berlin

Exporters specializing in tea, coconut and coconut-based products, spices, fruit and fruit-related items represented

February 14, 2024 1 min read

Germany eyes better economic partnerships with India

India is attracting the attention of industrialised nations looking to increase trade relations

Kshama Ranawana
February 14, 2024 3 min read

Sri Lanka to entertain fresh applicants for Aswesuma subsidy scheme from Feb 15

The budget has allocated 205 billion rupees for welfare payments in 2024

Nethmi Rajawasam
February 14, 2024 2 min read

Sri Lanka anticipates profitable, self-sustaining postal service by end 2024

"The department will operate as a self-sustaining, profit-making institution independent of treasury funds," he said.

February 14, 2024 2 min read

Sri Lanka needs to switch from investing in non-tradable to tradable goods fast: MP

Our outlook on production should speedily switch to tradable goods or else face the consequences

Nethmi Rajawasam
February 14, 2024 2 min read

Sri Lanka's prison inmates officially join labour workforce

Entrepreneurs and industrialists are invited to set up industries in the prison premises,

February 13, 2024 2 min read
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