An Echelon Media Company
Tuesday September 26th, 2023

Sri Lanka to draw up debt management agency law

An independent debt management law is a priority reform under an IMF deal

September 26, 2023 1 min read

Sri Lanka must navigate changing labour landscape: Pres

Sri Lanka must consider how it will navigate changing labour landscape; unions need to face different reality

September 26, 2023 2 min read

IMF team meets Sri Lanka opposition

The IMF team is expected to meet President Ranil Wickremesinghe Wednesday

September 26, 2023 1 min read

Sri Lanka local currency rating upgraded to CCC+ by S&P

The stable outlook on the long-term local currency rating reflects improvements to the government's debt profile

September 26, 2023 5 min read
Sri Lanka cabinet okays appropriation bill for 2024 budget

Tabling the Appropriation Bill is the first stage of the budgeting process

Sri Lanka eyes US$400mn in policy loans from ADB

Cabinet nod to sign US$200mn loan

Sri Lanka's labor minister talks labor law reforms with exporters

Objectives include boosting female workforce participation, attracting FDI, and robust social security.

September 21, 2023 1 min read

Sri Lanka sees 100 bln shortfall from IMF revenue target – minister 

Despite higher taxes, Sri Lanka faces revenue shortfall

Shihar Aneez
September 21, 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

Sri Lanka’s 2022 EPF returns falls to lowest, single digit in near two decades – CB data

A central bank analysis shows EPF return could fall further if DDO is not chosen

Shihar Aneez
September 21, 2023 2 min read

Sri Lanka President, IMF MD discuss debt restructure, reforms

President Wickremesinghe is in New York attending the United Nations General Assembly meetings

September 21, 2023 1 min read

Sri Lanka state salary bill down to 55-pct of taxes in early 2023

State salary bill as a share of taxes has fallen to 55 percent of taxes in the first four months of 2023

September 21, 2023 3 min read

Sri Lanka, Nepal look to boost trade, tourism, and education opportunities

Potential to increase economic cooperation and enhance people to people contact through education opportunities

September 20, 2023 1 min read

Sri Lanka Aswesuma beneficiaries receive delayed welfare pay

As another phase of "Aswesuma" a payment of Rs.799.5 million for 113’713 beneficiaries have been paid for July

September 20, 2023 2 min read

Sri Lanka aims to boost jobs for disabled; targets 10% in 2023

Sri Lanka has more than 1.6 million people with some kind of disabilities

September 20, 2023 2 min read

Sri Lanka’s labor minister talks workplace rights with transgender community

Need to align labor laws with global standards like ILO’s C190 and C180

Apsara Rodrigo
September 19, 2023 1 min read
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Sri Lanka business roundtable in NY to attract investment

Business meeting in New York saw participation from 40 US businesses keen on exploring investment and trade in SL

September 19, 2023 1 min read

Sri Lanka, USA strengthen bilateral trade and investment relations

Officials from both countries met for the 14th Trade and Investment Framework Agreement (TIFA) council meeting

September 19, 2023 1 min read

Sri Lanka seeks bilateral trade agreement with South Korea

Sri Lanka's President discussed the importance of finalizing a trade agreement between Sri Lanka and South Korea

September 19, 2023 2 min read

Sri Lanka to produce pomegranates to ‘save forex’ amid inflationism

After eight months, a tree will give a yield of 10 to 15 kilograms. A tree has a lifespan of about 35 years.

Nethmi Rajawasam
September 19, 2023 2 min read

Sri Lanka President World Bank chair discuss South Asian energy interconnection

Ranil Wickremesinghe has discussed ongoing economic reforms and sector growth plans with World Bank

September 19, 2023 1 min read

Report sought on Sri Lanka dam, tunnel safety after tremors

Assessment of the current safety conditions of all reservoirs, lakes, dams and water-carrying tunnels

September 19, 2023 2 min read

Sri Lanka hopes to resume road projects after debt restructuring, IMF review

Most road projects are suspended due to lack of funding after Sri Lanka declared bankruptcy

September 18, 2023 2 min read

Sri Lanka debt to GDP ratio down to 106-pct of GDP in June 2023 - Corrected

The exchange rate has depreciated somewhat since June

September 18, 2023 2 min read

Sri Lanka central bank sells $467mn in August

Net purchases negative for the third month

September 17, 2023 4 min read

Sri Lanka 'deflation' drives manufacturing PMI in August

Driven by the manufacture of food & beverages sector, in response to the continuous downward revisions in retail prices

September 17, 2023 2 min read