An Echelon Media Company
Thursday February 22nd, 2024
General Economy

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

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

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

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

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

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
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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

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
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