An Echelon Media Company
Tuesday September 26th, 2023

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

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, India discuss to resume ETCA negotiations

Sri Lanka saw protests against ETCA when it was scheduled to be signed

Sri Lanka can avoid possible repeated default - State FinMin

Sri Lanka, in an unprecedented way, defaulted on its sovereign debts in April last year

Sri Lanka accepts exchange offers for 37 pct of eligible bonds, 84 pct of pension fund bonds

The government will issue new bonds to eligible holders on Thursday September 14.

September 13, 2023 4 min read

Sri Lanka Cabinet postpones SVAT abolition

Cabinet agreed to postpone repeal of the simplified value added tax (SVAT) to April 1, 2025.

September 13, 2023 2 min read

Over 50 pct of Sri Lanka's returned migrant workers plan to go back: IPS study

The IPS said 193 respondents are considering re-migration within 2023.

September 12, 2023 5 min read

Sri Lanka customs confiscates mis-declared arecanut

Sri Lanka Customs confiscates arecanut valued at 27,484,868 rupees.

Apsara Rodrigo
September 12, 2023 1 min read

Sri Lanka extends special commodity levy on potatoes by four months

Minister of Finance said special commodity levy of 50 rupees on a kilo of potatoes is to be extended by four months

Nethmi Rajawasam
September 11, 2023 1 min read

Sri Lanka's foreign reserves in line with IMF targets despite August dip: official

“Last year, we were among countries with the lowest levels of state revenue,” said Siyambalapitiya.

September 11, 2023 2 min read

Sri Lanka chamber suggests French alternative to scrapping SVAT

Sri Lanka is scrapping SVAT as part of streamlining the VAT system under an International Monetary Fund backed program.

September 11, 2023 2 min read

Sri Lanka SOE unions want good investors in divestment, job security

Management resistence in one or two companies

September 10, 2023 2 min read

Sri Lanka remittances up 53-pct to US$499mn in August

The August number is slightly lower than 541 million US dollars in July

September 9, 2023 1 min read

Sri Lanka to make EPF, ETF mandatory for domestic aides, plumbers

The government hopes to increase the number of contributors to the funds.

September 8, 2023 2 min read
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Sri Lanka must not allow elections to distract from stabilisation: ex-central bank chief

"We must not allow the gains that we have made to be reversed through policy slippage,” he said.

Himal Kotelawala
September 8, 2023 7 min read

Sri Lanka may appoint local advisors for small SOE divestments

About 80 state commercial entities could potentially be divested

September 8, 2023 1 min read

Sri Lanka stabilized faster than other countries in crisis: Minister

Sri Lanka's inflation is near zero, and the central bank allowed the rupee to appreciate after curbing domestic credit

September 8, 2023 5 min read

Sri Lanka forex reserves down US$164mn in Aug

Sri Lanka has repaid a swap to Bangladesh

September 8, 2023 2 min read

Sri Lanka parliament passes DDR linked superannuation tax


September 7, 2023 2 min read

Over 250,000 Sri Lankans to receive Aswesuma welfare pay on Sep 08: official

The Welfare Benefits Board will make the payments for the remaining beneficiaries after verification of accounts.

September 7, 2023 4 min read

Sri Lanka to use Biyagama free trade zone as blueprint for industrialisation: president

“These areas are set to undergo rapid development, transforming into vibrant commercial cities,” he said.

September 7, 2023 2 min read

ADB budget support, SME loans in the offing for Sri Lanka after IMF review

These policy-based loans will be underpinned by critical sector reforms

September 7, 2023 1 min read

Sri Lanka to host 2nd API Asia Conference 2023 to fuel digital transformation

Crisis-hit country is looking for digital economy to boost businesses, reduce corruption

September 6, 2023 2 min read

Sri Lanka to relax all import controls except cars by December: Minister

Sri Lanka has relaxed import controls step by step over the past few months

September 6, 2023 1 min read
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