Sri Lanka’s Budget Deficit Plummets by 52% in First Half of 2024 as Tax Revenues Surge
Sri Lanka’s budget deficit saw a significant reduction of 52% in the first half of 2024, dropping to 515.7 billion rupees. During the.
Economics
Providing analysis and commentary on key economic indicators such as GDP growth, unemployment rates, inflation, and consumer spending.
Economics
Economics
National Consumer Prices Rise Slightly to 2.5% in July; Central Bank Confident in Controlling Inflation
National consumer prices in Sri Lanka saw a slight increase in July, rising by 2.5% compared to the same month last year. This.
- August 22, 2024
Economics
CEB Utilizes Rs. 93 Billion Profit to Settle Power Project Debts: Minister Wijesekera
Power and Energy Minister Kanchana Wijesekera announced yesterday that the Ceylon Electricity Board (CEB) used its net profit of Rs. 93 billion, registered.
- August 22, 2024
Economics
Sri Lanka on La Niña Watch: Potential Threat to 2025 Maha Rice Crop
Sri Lanka is on alert for potential La Niña conditions, which could result in below-average rainfall from October 2024, posing a risk to.
- August 20, 2024
Economics
Sri Lanka to Amend Controversial Strategic Development Projects Act by February 2025
Sri Lanka plans to amend its controversial Strategic Development Projects (SDP) Act by February 2025, according to Treasury Secretary Mahinda Siriwardana. The Act,.
- August 20, 2024
Economics
WindForce Achieves Stellar Q1 Performance with 87% Surge in EBITDA
WindForce PLC has reported an exceptional financial performance for the first quarter of the 2024/25 fiscal year, showcasing significant growth across key metrics..
- August 16, 2024
Economics
Sri Lanka Expected to Breach Inflation Target Until Q1 2025: Central Bank
Sri Lanka’s inflation is projected to remain below 3 percent through the first quarter of 2025, according to the Central Bank. This marks.
- August 16, 2024
Economics
Economist Criticizes Poverty-Level Wages in Sri Lanka’s Private Sector and Calls for Urgent Reforms
Top economist Dr. Anila Dias Bandaranaike has raised concerns over the viability of the low wages offered by Sri Lanka’s private sector, revealing.
- August 15, 2024
Economics
JKH and CG Corp Partner to Bring BYD Electric Vehicles to Sri Lanka
Sri Lanka’s John Keells Holdings (JKH) has partnered with Nepal’s Chaudhary Group (CG Corp) to introduce BYD electric vehicles (EVs) to the region,.
- August 15, 2024
Economics
Colombo Marina Development Receives Strategic Venture Designation for Exemptions and Incentives
Browns Investments’ Colombo Marina Development (Private) Limited has been officially designated as a primary venture with strategic development status under the Colombo Port.
- August 14, 2024