10 Billion dollars recorded for Exports in 9 months of 2022
Earnings from the merchandise exports increased by 5.75 % y-o-y to US$ 1,093.98 Mn in September 2022 as per the data released by the Sri Lanka Customs. This …
Economy
Japan to organize Sri Lanka creditors’ meeting over debt crisis: report
Japan is working to organize a meeting of Sri Lanka’s creditors by the end of this year in hopes of solving the country’s debt crisis, the Japanese Yomiuri …
Sri Lanka cabinet approves downgrade back to low income country
Cabinet has approved a proposal to downgrade Sri Lanka to “low income” category on the World Bank list with the aim of getting access to …
Sri Lanka’s real GDP is expected to fall by 9.2-pct this year & a further 4.2-pct in 2023: World Bank
Sri Lanka’s economic crisis is deepening with unsustainable debt and a severe balance of payment crisis on top of lingering scars of the COVID-19 …
CCPI inflation would start falling down from this month: CBSL Governor
Sri Lanka’s Central Bank Governor expects that the Colombo Consumer Price Index (CCPI) will start falling down from this month and to follow a disinflation …
Central Bank of Sri Lanka maintains policy interest rates
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 05 October 2022, decided to maintain the Standing Deposit Facility Rate (SDFR) and …
How a country in economic turmoil is still ripe for investors
For businesses in the field of large-scale manufacturing, a critical factor that determines their future and success is a key decision made at their very …
Transitioning from hawkish to dovish; 75-pct probability for policy rates to remain unchanged: FCR
First Capital Research (FCR) believe that CBSL may consider maintaining the monetary policy rates at its current levels in the upcoming policy review meeting …
Keerthi Gunawardane takes over as new President of FCCISL
At the 47th Annual General Meeting of the Federation of Chamber of Commerce & Industry Sri Lanka. (FCCISL) Keerthi Gunawardane was elected as the President …
EU releases Euro 1.5 million to respond to growing humanitarian needs in Sri Lanka
The EU has released €1.5 million in humanitarian aid to respond to the ongoing socio-economic crisis affecting millions of people in Sri Lanka. The new EU …
Earnings from exports increased by 10-pct to USD 1.2Bn in August
Earnings from the merchandise exports increased by 10.24 % y-o-y to US$ 1,213.7 Mn in August 2022 as per the data released by the Sri Lanka Customs. This was …
NCPI based headline inflation at 70.2-pct in August 2022
Headline inflation, as measured by the year-on-year change in the National Consumer Price Index increased to 70.2% in August 2022 from 66.7% in July 2022. This …
Sri Lanka can learn from Hyderabad to strategize its economic turnaround: Hilmy Cader
According to MTI Consulting, Sri Lanka is facing a ‘Perfect Storm’, a concurrence of multiple socio-economic challenges that has dealt an unprecedented …
USAID signs new five-year agreement with Sri Lanka
Building on the USAID Administrator Samantha Powers’s recent visit, US Ambassador to Sri Lanka Julie Chung announced today that the United States, through …
USD 203Mn from ADB & JFPR for Food Security & Livelihood Recovery Emergency Assistance Project
The Government of Sri Lanka is planning to borrow USD 200 million from the Asian Development Bank (ADB) to finance the implementation of Food Security and …
Multiple crises halt progress as 9 out of 10 countries fall backwards in human development, Report
The world is lurching from crisis to crisis, trapped in a cycle of firefighting and unable to tackle the roots of the troubles that confront us. Without a …
Exporters urge product testing laboratories to pull up their socks
Sri Lanka’s leading food and organic product exporters urged the nation’s premier product testing laboratories to enhance their levels of efficiency and …
CA Sri Lanka felicitates new Commissioner General of Inland Revenue; inaugurates tax symposium
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently felicitated the newly appointed Commissioner General of Inland Revenue Ranjith …
Sri Lanka’s export earning up 12.9-pct from Jan-Jul
Earnings from exports increased in July 2022, while import expenditure declined for the fifth consecutive month, on a year-on-year basis. The notable decline …
Onus on Debt Negotiations after Sri Lanka’s IMF Staff Agreement: Fitch Ratings
The IMF staff-level agreement with Sri Lanka on a USD2.9 billion programme, confirmed on 1 September, appears to signal a sharp change in policy settings in …