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Sunday March 26th, 2023

Sri Lanka inflation gallops to 18.7-pct in March 2022

Country facing galloping inflation after Modern Monetary Theory

April 1, 2022 1 min read

Sri Lanka protestors tear gassed near President Rajapaksa's residence

Protestors shout slogans demanding solutions to an economic crisis

March 31, 2022 1 min read

Sri Lanka currency board option analyzed by think tank, but repeats false Argentina claim

It is helpful to know what a currency board is

March 31, 2022 15 min read

Indian credit line: Sri Lanka's SPC calls tenders from Indian medical suppliers

A private sector source said conditions are worsening for private sector importers.

March 31, 2022 5 min read
Sri Lanka's state-run Litro says cooking gas supply secured for remainder of 2022

Prior to the crisis, the official said, Litro imported around 33,000 MT per month.

Sri Lanka GDP to contract -9.2-pct in 2022, Maldives to grow 12.4-pct: World Bank

Sri Lanka also hit by import control

Mahinda to present a supplementary estimate in the next parliamentary session: Bandula

Prime Minister Mahinda Rajapaksa is expected to present a supplementary estimate to pay arrears for the contractors and ...

January 30, 2020 2 min read

Sri Lanka should strike trade deals with China, ASEAN to access Asia: EDB Chief

Sri Lanka should sign free trade deals with China and the Association of East Asian Nations to boost exports to Asia, n...

January 30, 2020 1 min read

Sri Lanka extends deadline for SME debt moratorium

Sri Lanka's central bank will extend the deadline for a loan moratorium and new credit program for small and medium size...

January 30, 2020 2 min read

Sri Lanka cut rates despite rising inflation as food prices would fall: CB Governor

Sri Lanka cut rates despite rising inflation because it was mainly 'food inflation' which would be temporary and rates w...

January 30, 2020 2 min read

Sri Lanka’s current policies were years in the making - Godahewa

The new government's policies were formulated years before implementation says Nalaka Godahewa, Key Advisor to the Gover...

January 29, 2020 2 min read

Sri Lanka plans price controls on face masks as virus fears drive demand

Sri Lanka's drug regulatory agency will put price controls on face masks, a top official said as pharmacies ran out supp...

Mahadiya Hamza
January 29, 2020 2 min read

Mahinda asks the State sector to get a move on

Prime Minister Mahinda Rajapaksa is asking the state sector service to get moving to serve the public better.

January 29, 2020 1 min read

Private suppliers in Sri Lanka in trouble from state payment arrears

Private firms which have provided services to Sri Lanka's government is in difficulties due to delayed payments Prime Mi...

January 29, 2020 2 min read

Sri Lanka ate the Chinese chicken instead of collecting eggs: Academic

Sri Lanka has not used Chinese debt appropriately to grow the economy after the end of the civil war, akin to eating a c...

Chanka Jayasinghe
January 28, 2020 2 min read

Sri Lanka scrambles to boost mask output as pharmacies run dry

Sri Lanka has asked domestic producers to boost the output of masks officials said as pharmacies ran dry after health au...

January 28, 2020 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
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Sri Lanka President asks state enterprises to improve profits, service levels

Sri Lankan President Gotabaya Rajapaksa has called on heads of state owned enterprises to grow their profits while non-p...

January 25, 2020 1 min read

Sri Lanka in move to liberalise alcohol licenses to boost tourism

Provincial councils in Sri Lanka have been asked to liberalize beverage licenses to improve tourism receipts to the coun...

January 25, 2020 2 min read

Sri Lanka may have lost Rs10.4bn from direct placement of bonds: forensic audit

Sri Lanka may have lost up between 9.9 to 10.4 billion rupees in over 1,100 direct placements of bonds made by-passing a...

January 24, 2020 3 min read

"Free trade zone" of international universities on the cards for foreign students

The cabinet has green-lit a proposal to establish a "free trade zone" of international universities to attract foreign a...

January 23, 2020 2 min read

Sri Lanka cuts income tax for alcohol, tobacco, gaming, banks, manufacturing

Sri Lanka's Inland Revenue Department said it will cut income taxes on alcohol, tobacco, gambling, manufacturing and fin...

January 23, 2020 1 min read

Sri Lanka's national inflation accelerates to 6.2-pct in Dec

National inflation in Sri Lanka for the 12-months to December 2019 accelerated to 6.2 percent from 4.1 percent in Novemb...

January 23, 2020 1 min read

Sri Lanka to expand public service by 10-pct in 2020, 53,000 jobless graduates

Sri Lanka will hire 150,000 state workers made up of those who have passed the grade eight exam and 53,000 unemployed gr...

January 23, 2020 1 min read

Prez and PM walking two different paths as SL faces economic crisis - UNP

UNF Parliamentarian Hesha Withanage that President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa are now going...

Imesh Ranasinghe
January 22, 2020 2 min read

Sri Lanka bears Rs.50bn in disaster damages annually: World Bank

Disasters are annually costing Sri Lanka 50 billion rupees, or around 0.4 percent of gross domestic product (GDP) in dam...

January 22, 2020 3 min read

Sri Lanka blames erratic weather, intermediaries, as food prices soar

Sri Lanka's soaring food prices are due to bad weather and intermediaries, and they will come down in time for April New...

January 22, 2020 5 min read