Category: Economy and Markets
Governor’s remarks do not signal future policy rate path or level: CBSL
The Central Bank of Sri Lanka (CBSL) clarified that recent media reports had misinterpreted remarks made by the Governor during a media interview. CBSL said its monetary policy is “forward looking and data driven” and that decisions to increase, decrease or maintain policy rates are made at each Monetary Policy Review based on the latest […]
Sri Lanka remains vulnerable to energy price shock but is more resilient than in the past – Moody’s Ratings
Bangladesh (B2 negative), Pakistan (Caa1 stable) and Sri Lanka (Caa1 stable) are among the most vulnerable economies in Asia to high oil prices stemming from the Middle East conflict, Moody’s Ratings said in their latest analysis. However, the countries have built capacity to absorb shocks in recent years, so are less exposed than in 2022, […]
Hemas Sustains Q1 Revenue Amid Market Volatility; Sharpens Focus on Margin Recovery
Hemas delivered revenue growth of 0.9% YoY to Rs. 28.77 Bn in Q1 FY27, supported by growth in Consumer Brands, Hospitals and Mobility. Gross profit margin improved to 30.4%, demonstrating the benefits of pricing actions and portfolio mix improvements. The escalation of conflict in the Middle East led to rising global fuel, freight and raw […]
Cabinet Approves $200 Mn ADB Loan for Trade, Investment, and Industrial Development
The Cabinet of Ministers has approved a proposal submitted by President Anura Kumara Dissanayake, in his capacity as the Minister of Finance, Planning and Economic Development, to obtain a US$ 200 million policy-based loan from the Asian Development Bank (ADB). The funding, sourced from ADB’s regular general capital resources, will support Sub-Programme 1 of Sri […]
Cabinet Approves Amendments to Modernize Sri Lanka’s EPF Act
Sri Lanka’s Cabinet of Ministers has approved a proposal to instruct the Legal Draftsman to draft legislation amending the Employees Provident Fund (EPF) Act No. 15 of 1958. The proposed revision aims to modernize the original framework in response to contemporary social, economic, and technological changes, reducing operational bottlenecks and delivering a more efficient service […]
EDB expects to reach record-breaking $19 bn export revenue by end 2026, says Chairman Mangala Wijesinghe
The 47th anniversary of the Sri Lanka Export Development Board (EDB) fell on August 1st. In a commemorative ceremony held today, the Chairman and Chief Executive Officer of the EDB, Mangala Wijesinghe, addressed the media, outlining the progress and future targets of the national export sector. Established under Act No. 4 of 1979, the EDB […]
Sri Lanka’s inflation climbs to 7.3% in July, highest since early 2025
Sri Lanka’s headline inflation picked up pace in July, with the Colombo Consumer Price Index (CCPI) rising to 7.3% year-on-year, up from 6.8% in June, according to Central Bank data released this week. The uptick was driven largely by a jump in housing rents, which pushed non-food inflation contributions higher for the month, along with […]
Registrations now open for Sri Lanka economic and investment summit 2026
Ceylon Chamber of Commerce is pleased to announce that registrations are now open for the Sri Lanka Economic & Investment Summit 2026 (SLEIS 2026), taking place on 12th and 13th October at the Shangri-La Colombo. Held under the theme “Positioning Sri Lanka in a Changing Global Economy: Resilience, Reform, and the Future of Economic Policy,” […]
SEC, CSE and CA Sri Lanka Sign MOU to Advance XBRL-Based Digital Reporting for Listed Companies
The signing ceremony at SEC from Left to right: Ms. Manuri Weerasinghe| Director Corporate Affairs, SEC, Mr. Tushara Jayaratne | Acting Director General, SEC, Ms. Nilupa Perera | Chief Regulatory Officer, CSE, Mr. Rajeeva Bandaranaike | Chief Executive Officer CSE, Senior Prof. D.B.P.H. Dissabandara,| Chairman, SEC, Mr. Tishan Subasinghe | The President of CA Sri […]
Sri Lanka’s Exports Cross US$ 9 Bn Milestone in First Half of 2026, Reflecting Sustained Growth Momentum
Sri Lanka’s export sector continued to demonstrate resilience and sustained growth, with the country’s total exports surpassing the US$ 9 billion milestone during the first half of 2026. Combined merchandise and services exports reached an estimated US$ 9,012.24 Mn during the January–June 2026 period, representing an 8% year-on-year increase compared to the corresponding period in […]
CBSL keeps OPR unchanged; Gross Official Reserves at USD 6.45 bn at end June
The Monetary Policy Board, at its meeting held yesterday, decided to maintain the Overnight Policy Rate (OPR) at the current level of 8.75%. The Board arrived at this decision after carefully considering the evolving conditions and outlook on the domestic and global fronts. Renewed tensions in the Middle East have resulted in a surge in […]
TWC Capital Advises on US$28Mn of IFC investments in Sri Lanka’s energy and agribusiness sectors
T W C Capital (PVT) LTD (“TWC Capital”), the corporate finance advisory arm of TWC Holdings, has successfully concluded two significant development finance transactions, acting as Exclusive Financial Adviser on investments by the International Finance Corporation (IFC), a member of the World Bank Group, totalling up to US$28 million across Sri Lanka’s renewable energy and […]