An Echelon Media Company
Sunday December 3rd, 2023

After gloomy 2022, Sri Lanka CB eyes stability in growth, interest rate

Sri Lanka's economy estimated to be contracted 8 pct in 2022, the worst since country's independence

January 4, 2023 3 min read

Sri Lanka removes static converter levy to promote renewable energy

Sri Lanka is struggling to avoid an extended power cut, reduce energy prices

January 4, 2023 1 min read

Sri Lanka sees rising beedi leaf smuggling from India amid increase in tobacco taxes   

Cash strapped Sri Lanka raised tobacco taxes three times since mid last year

January 4, 2023 2 min read

Sri Lanka to allow tourists to pay in dollars in National Parks

Sri Lanka has decided to allow tourist visiting national parks to pay in dollars.

January 4, 2023 1 min read
Sri Lanka to seek Thai help to join RCEP

Expects to sign FTA with Thailand in March 2024

Sri Lanka's Aswesuma welfare scheme draws protests; govt claims politicisation

Sri Lanka’s poor has surged by 4 million to 7 million since 2019 to 31 percent of the population in 2023.

Gulam Chatoor founder of Sri Lanka Spice Traders Association steps down

His career spanned over 70-years

June 14, 2021 2 min read

Sri Lanka CB advised Treasury to hike fuel prices, banking sector on brink of collapse: Minister

Statists and Keynesians generally label such moves as 'austerity'.

June 14, 2021 2 min read

Sri Lanka targets year end forex reserves of US$4.0-4.5bn: Central Bank

A US$400mn swap from Reserve Bank of India and IMF SDR allocation expected in August

June 14, 2021 3 min read

Sri Lanka raised fuel prices to strengthen economy, rupee: President's office

CPC owes banks Rs652bn, CEB Rs85bn

June 13, 2021 3 min read

Losing GSP+ will spell disaster for Sri Lanka's economy: former PM Wickremesinghe

"In the face of the danger that has arisen, the GSP+ must not be politicised."

June 13, 2021 3 min read

Sri Lanka CB did not approve luxury SUV imports for MPs: Governor

It is a difficult question to justify

June 13, 2021 3 min read

Sri Lanka 2021 May foreign reserves drop to US$4,018mn

Sri Lanka's forex reserves have been on a steady downward path from around August 2019

June 12, 2021 2 min read

Sri Lanka diplomats should help keep GSP+ going: Central Bank Governor

CB is also working on measures

Imesh Ranasinghe
June 11, 2021 3 min read

Sri Lanka 2021 GDP growth target lowered to below 5.0-pct: CB

Inflation to be with target

June 11, 2021 1 min read

Sri Lanka expects US$400mn swap from Reserve Bank of India in August: CB Governor

Bangladesh swap proceeding rapidly

June 11, 2021 1 min read
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today yesterday
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Sri Lanka can continue to control imports: Central Bank

There are goods that can be made in the country that is better than the foreign ones

June 11, 2021 1 min read

Sri Lanka net forex reserves fall to 33-pct of reserve money

The slide had been relentless since September 2014

June 11, 2021 4 min read

US inflation hits 5.0-pct in May 2021 amid money growth

Consumer Inflation hits highest level since 2008

June 10, 2021 2 min read

Sri Lanka private workers bear Covid-19 shock with wage cuts, state workers get salary hikes

As soon as private sector activities were curtailed, economies collapsed around the world

June 10, 2021 4 min read

Sri Lanka hikes limit on borrowing by treasury guarantees to 15-pct of GDP

By end 2020, Treasury guarantees already issued totalled Rs1.34 trillion

June 9, 2021 2 min read

Sri Lanka to vaccinate all by early 2022, facilitate growth: Army chief

“The resilience in a pandemic is essentially the resilience in the economy too."

June 8, 2021 11 min read

Sri Lanka urges private firms to borrow offshore; free forex cover from central bank

Companies could also pledge assets to non-residents and issue corporate guarantees

June 7, 2021 3 min read

Sri Lanka will make bullet repayment in sovereign bond in July: President's Secy

Foreign debt including private loans had fallen to US$54.8bn from US$49.2bn

June 7, 2021 1 min read

President Rajapaksa's speech at Sri Lanka Investment Forum 2021 - full text

Invites investment to Colombo Port City, energy, information technology, agriculture

June 7, 2021 7 min read

Sri Lanka 2021 budget deficit revised up to 9.5-pct of GDP

A Coronavirus third wave is further slowing the economy

June 2, 2021 2 min read