Category: Economy and Markets
Central Bank Releases Financial Stability Review for Year 2026
In terms of Section 70(1) of the Central Bank of Sri Lanka Act, No. 16 of 2023, the Central Bank of Sri Lanka released its annual Financial Stability Review (FSR) for 2026. This statutory report provides an assessment of the stability of the financial system, identifies and evaluates the associated risks and vulnerabilities, and outlines […]
President Anura Kumara Dissanayake to Inaugurate Sri Lanka Economic & Investment Summit 2026 Today
President Anura Kumara Dissanayake will inaugurate the Sri Lanka Economic & Investment Summit 2026 today, 12 October, at the Shangri-La Colombo. Organised by The Ceylon Chamber of Commerce, the two-day Summit will feature senior business leaders, policymakers and international experts discussing Sri Lanka’s economic priorities and investment prospects. Held under the theme “Positioning Sri Lanka […]
The cost of hesitation: Lessons from Asian national strategies on oil palm
By Lalith Obeyesekere, Secretary General, Planters’ Association of Ceylon In his memoirs, Lee Kuan Yew described Ceylon as Britain’s model Commonwealth country, and tooknote of the significant lead that then Ceylon had in terms of its resources, infrastructure and institutions when compared to the Singapore he had inherited, or to his immediate neighbours, Malaysia and […]
Sri Lanka’s Economy Reaches Pre-Crisis Levels but Recovery Uneven, says World Bank Group
Sri Lanka’s economy reached a significant milestone, reaching pre-crisis levels. But the recovery remains incomplete and uneven, with household incomes and labor market outcomes still lagging the broader economic rebound, says the World Bank Group in its twice-yearly economic outlook. Released today, the latest Sri Lanka Development Update, From Recovery to Transformation, projects Sri Lanka’s […]
PM Rings the Bell at CSE to Champion Financial Literacy and Investor Education
As part of World Investor Week (WIW) 2026, the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) joined stock exchanges around the world in ringing the market opening bell for financial literacy on 5 October 2026, under the patronage of the Hon. Dr. Harini Amarasuriya, Prime Minister of the […]
IMF Reaches Staff-Level Agreement on the Seventh Review under the Extended Fund Facility with Sri Lanka
Washington, DC: After constructive discussions, IMF Mission Chief for Sri Lanka Evan Papageorgiou issued the following statement: “IMF staff and the Sri Lankan authorities have reached staff-level agreement on the Seventh Review under the 4-year Extended Fund Facility (EFF) arrangement and concluded the 2026 Article IV Consultation discussions. The EFF arrangement was approved by the […]
Sri Lanka’s Inflation Target is set at 5% for the next three years: CBSL
The Minister of Finance, Planning and Economic Development and the President of Sri Lanka, Hon. Anura Kumara Dissanayake, and the Governor of the Central Bank of Sri Lanka, Dr. P Nandalal Weerasinghe, signed a new Monetary Policy Framework Agreement (MPFA) in terms of Section 26 of the Central Bank of Sri Lanka Act, No. 16 […]
Lead Agencies Convene to Accelerate Implementation of National Export Development Plan (NEDP) 2026–2030
The Sri Lanka Export Development Board (EDB), in collaboration with the Ministry of Industry and Entrepreneurship Development, convened a coordination meeting with the Lead Implementing Agencies of the National Export Development Plan (NEDP) 2026–2030 today, 29th September 2026, at the Auditorium of the Ministry of Industry and Entrepreneurship Development. The meeting brought together representatives of […]
Central Bank of Sri Lanka maintains policy rate at current level
The Monetary Policy Board, at its meeting held yesterday, decided to maintain the Overnight PolicyRate (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. The Board paid particular attention to the effects of the proactive monetary policy […]
CSE & Global Green Growth Institute Invite Applications for Technical Assistance on GSS+ Bond Listings
The Colombo Stock Exchange (CSE) and the Global Green Growth Institute (GGGI) have announced that prospective issuers of Green, Social, Sustainable and Sustainability Linked (GSS+) bonds can now apply to receive technical assistance from GGGI. The call for applications has been published on the CSE website and will remain open until 26th October 2026. Through […]
Fitch Ratings’ decision to upgrade Sri Lanka shows recognition of progress in economic stabilisation: CCC
The Ceylon Chamber of Commerce is pleased to see the tangible results of the commitment and sustained efforts towards restoring Sri Lanka’s macroeconomic stability, reflected in Fitch Ratings’ decision to upgrade the country’s Long-Term Foreign-Currency Issuer Default Rating from ‘CCC+’ to ‘B-’, with a Stable Outlook. The upgrade is an important development in Sri Lanka’s economic […]
Sri Lanka’s Exports Surpass US$ 12 Bn in First Eight Months of 2026
Sri Lanka’s export sector has surpassed the US$ 12 Bn mark during the first eight months of 2026, with total exports reaching US$ 12.01 Bn, an increase of 4.26% compared with US$ 11.52 Bn recorded during the corresponding period of 2025. The growth reflects continued momentum in Sri Lanka’s export performance, with both merchandise and […]