Sri Lanka’s Forex Reserves Slightly Decline to $5.649 Bn in July
Sri Lanka’s foreign exchange reserves experienced a marginal decline, reaching $5.649 billion in July 2024, down from $5.654 billion in June, according to.
Economics
Providing analysis and commentary on key economic indicators such as GDP growth, unemployment rates, inflation, and consumer spending.
Economics
Economics
Luminex Wins Tender for Cleanup of Kankasanthurei Cement Factory Complex
Engineering firm Luminex PLC has been awarded the contract to clean up the Kankasanthurei cement factory complex, focusing on the collection of iron.
- August 7, 2024
Economics
Ceylon Chamber Launches ‘Vision 2030’ for Sustainable Development
The Ceylon Chamber of Commerce has unveiled its groundbreaking policy document, ‘Vision 2030,’ which outlines a strategic plan for Sri Lanka’s sustainable and.
- August 7, 2024
Economics
Sri Lanka Owes Banks Rs88bn for Past Senior Citizen Interest Subsidies; New Scheme Announced
Sri Lanka’s banks are still owed 88 billion rupees for interest subsidies paid to senior citizens in the past, according to State Minister.
- August 7, 2024
Economics
Local Egg Producers Criticize Government’s Decision to Resume Imports
The decision to resume egg imports has faced fierce opposition from local producers, who argue that Sri Lanka can meet domestic demand with.
- August 6, 2024
Economics
Oil Prices Drop Amid US Recession Concerns and Middle East Tensions
Oil prices fell on Monday as worries about a potential US recession, the world’s largest oil consumer, outweighed concerns over escalating tensions in.
- August 6, 2024
Economics
Rooftop Solar Tariffs Unchanged Amid New Renewable Energy Rate Revisions
The Public Utilities Commission of Sri Lanka (PUCSL) has decided to keep the payments for rooftop solar power plants unchanged, despite recent revisions.
- August 6, 2024
Economics
IMF’s Primary Deficit Focus Deepens Sri Lanka’s Debt Crisis: Analyst
The International Monetary Fund’s (IMF) stringent focus on an arbitrarily set primary balance target in Sri Lanka’s budget is exacerbating the country’s debt.
- August 5, 2024
Economics
Sri Lanka Central Bank Absorbs Rs. 546 B from Forex Purchases to June 2024
Sri Lanka’s central bank has absorbed Rs. 546 billion of domestic money out of the Rs. 578.5 billion created from foreign exchange purchases.
- August 5, 2024
Economics
Sri Lanka Coconut Auction Prices Dip Slightly
Sri Lanka’s average coconut auction prices decreased slightly from Rs. 85,516 to Rs. 85,087 per 1,000 nuts as of August 1, 2024, according.
- August 5, 2024