SLEA Hosts Panel on Path from Debt Default to Growth
A new chapter for Sri Lanka’s economic growth unfolded yesterday as the Sri Lanka Economic Association (SLEA), in collaboration with ODI Global, hosted.
Economics
Providing analysis and commentary on key economic indicators such as GDP growth, unemployment rates, inflation, and consumer spending.
Economics
Economics
Sri Lanka Signs $3.7 Billion Deal with Sinopec for New Oil Refinery in Hambantota
Sri Lanka has signed a landmark agreement with Sinopec, the Chinese international petroleum corporation, to build a state-of-the-art oil refinery in Hambantota. The.
- January 16, 2025
Economics
Workers’ Remittances Surge 10% to $6.5 Billion in 2024; December Hits $614 Million
Workers’ remittances for 2024 rose by 10%, reaching $6.57 billion compared to the previous year, driven by a strong inflow of $614 million.
- January 15, 2025
Economics
Government Lifts Five-Year Vehicle Import Ban with Increased Excise Duties
The Government has officially announced the resumption of vehicle imports after a five-year suspension, effective February, with a revised excise duty structure detailed.
- January 15, 2025
Economics
Sri Lanka to Import Coconut Kernels Amid Crop Shortfall
Sri Lanka will facilitate state-led imports of coconut kernels to support local mills in producing oil and other related products, Industries Minister Sunil.
- January 10, 2025
Economics
Treasury Secretary Emphasizes Debt Restructuring as Key to Fiscal and Macroeconomic Stability
Treasury Secretary Mahinda Siriwardana emphasized that Sri Lanka’s debt restructuring program is pivotal for restoring fiscal and macroeconomic stability. Speaking on the topic.
- January 7, 2025
Economics
Sri Lanka Can Manage Reserves and Debt with $1.5bn Vehicle Imports: CB Governor
Sri Lanka can build reserves and continue repaying debt even with vehicle imports reaching 1.5 billion US dollars annually, according to Central Bank.
- January 7, 2025
Economics
Sri Lanka Tyre Makers’ Import Control Plan Faces Backlash, Minister’s Proposal Draws Criticism
Hundreds of online followers criticized Trade Minister Wasantha Samarasinghe after he revealed that local tyre producers had requested further import controls. They argued.
- January 6, 2025
Economics
Sri Lanka’s Dollar Inflows Exceed Imports by $604 Million in November 2024
Sri Lanka’s foreign exchange inflows in November 2024 amounted to 2.1 billion US dollars, surpassing imports by 604 million US dollars, according to.
- January 2, 2025
Economics
Fitch Upgrades Sri Lanka to ‘CCC+’, Reflecting Debt Restructuring Progress and Economic Recovery
Fitch Ratings has upgraded Sri Lanka’s long-term foreign-currency issuer default rating (IDR) to ‘CCC+’, from ‘RD’ (Restricted Default), marking a significant milestone in.
- December 23, 2024