CEB Cuts Tariffs Due to Lower Generation Costs, IPP Payments Unaffected
Fitch Ratings-Colombo/Singapore-25 July 2024: Despite a 22.5% tariff cut effective from 16 July 2024, Ceylon Electricity Board’s (CEB, BB+(lka)/Stable) cash flow will remain.
Economics
Providing analysis and commentary on key economic indicators such as GDP growth, unemployment rates, inflation, and consumer spending.
Economics
Economics
Qatar Charity to Provide Free Fertilizers for Sri Lankan Farmers
Qatar Charity has launched a program to distribute free fertilizers to 3,746 farming families in the Kurunegala, Matale, and Monaragala districts. A Memorandum.
- July 25, 2024
Economics
Bakery Owners Anticipate Bread Price Reduction Announcement
The All Ceylon Bakery Owners’ Association (ACBOA) is set to announce a potential reduction in the price of bread tomorrow (26th). The association’s.
- July 25, 2024
Economics
SJB to Back Public Finance Law, Opposes Economic Transformation Bill
Sri Lanka’s main opposition party, the Samagi Jana Balawegaya (SJB), has conditionally expressed support for the Public Finance Management Bill but opposes the.
- July 25, 2024
Economics
Japan Considers Reviving Canceled Sri Lanka $1.5 Billion LRT Project
A $1.5 billion Light Rail Transit (LRT) project, previously canceled unilaterally by former Sri Lankan leader Gotabaya Rajapaksa, may be considered as a.
- July 25, 2024
Economics
Sri Lanka’s Private Sector Credit Grows by Rs.146 B
Sri Lanka’s credit to the private sector has expanded by Rs. 146 billion in the first half of 2024, with a notable increase.
- July 25, 2024
Economics
China to Provide Free School Uniforms for Sri Lankan Students in 2025
Education Minister Dr. Susil Premajayantha announced that the Chinese government has agreed to supply school uniforms free of charge for Sri Lankan students.
- July 24, 2024
Economics
Sri Lanka Offers Interest Relief on Pawning Advances Up to Rs. 100,000
Sri Lanka will provide interest relief for pawn advances up to Rs. 100,000, as announced by Cabinet Spokesperson Minister Bandula Gunawardena. This measure.
- July 24, 2024
Economics
June 2024 Export Earnings Boosted by Tea and Rubber Exports
Sri Lanka’s merchandise export performance for June 2024 reached $1,031.2 million, marking a 2.58% increase compared to June 2023. This growth was driven.
- July 24, 2024
Economics
Sri Lanka Approves IMF-Backed Anti-Corruption Agenda
Sri Lanka’s cabinet has approved a comprehensive ‘National Anti-Corruption Agenda’ incorporating findings from an International Monetary Fund (IMF) technical assistance report, as announced.
- July 24, 2024