An Echelon Media Company
Sunday June 16th, 2024
General Economy

Sri Lanka GDP grows 5.3-pct in first quarter of 2024 amid monetary stability

This low inflation incentivized the economy by providing inputs at a much lower price

June 15, 2024 2 min read

IMF Board to take up Sri Lanka program review on June 12

The session will evaluate Sri Lanka's economic policies and reform progress

June 3, 2024 1 min read

Sri Lanka monetary policy is not to promote growth: CB Governor

The objective of monetary policy is to stabilize and facilitate for the country to achieve potential growth

May 30, 2024 4 min read

Sri Lanka retail sales picking up, private credit expected to follow: CB Governor

Central bank would like to see new lending rates fall

May 29, 2024 5 min read
Sri Lanka risks foreign retaliation over VFS visa deal

SriLankan enjoy visa exemption status to Maldives and Singapore

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

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 strongly expects to sign up US$3.0 FDI in 2024, with China refinery

Sri Lanka elections, high tax rates are challenges

May 12, 2024 2 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.

May 10, 2024 2 min read

Sri Lanka EPF net contribution turn positive again in 2024: Deputy Governor

But in 2024 contributions are positive

May 7, 2024 1 min read

Sri Lanka to pay 13.0-pct return to EPF holders for 2023: Minister

It was higher than the 9.0 percent return the EPF had paid in recent years

April 28, 2024 1 min read

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


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
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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 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


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
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