Economics

Providing analysis and commentary on key economic indicators such as GDP growth, unemployment rates, inflation, and consumer spending.

Economics

Sri Lanka to Implement Cost-Based Water Pricing Formula in 2025

Sri Lanka’s cabinet of ministers has approved a cost-based pricing formula for the state-run National Water Supply and Drainage Board, according to Minister.

  • July 17, 2024
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Economics

IMF Warns of Global Growth Risks Amidst Elevated Inflation

IMF Cautions on Global Growth Threats from Persistent Inflation The International Monetary Fund (IMF) has issued a warning that global growth is at.

  • July 17, 2024
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Economics

Tea Exports Cover $60M of Sri Lanka’s Fuel Debt to Iran

The Sri Lanka Tea Board announced that exports of Ceylon Tea have successfully offset $60 million of the country’s fuel bill owed to.

  • July 16, 2024
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Economics

PUCSL Approves 22.5% Electricity Tariff Reduction

The Public Utilities Commission of Sri Lanka (PUCSL) has approved a 22.5% reduction in electricity tariffs, effective from midnight on the 15th. PUCSL.

  • July 16, 2024
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Economics

WindForce and Vidullanka Invest Rs. 370 Million More into Solar Energy

WindForce PLC and Vidullanka PLC have entered into a definitive share sale and purchase agreement with Hi-Energy Services Ltd. on 11th July to.

  • July 15, 2024
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Economics

EU to Boost Ceylon Cinnamon Exports to Premium Markets

The European Union (EU) plans to leverage the expertise of the International Finance Corporation (IFC) to promote Ceylon cinnamon exports to higher-value markets,.

  • July 15, 2024
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Economics

Third Duty-Free Operator Considering Sri Lanka’s Port City Colombo

A third international duty-free operator is considering entering Sri Lanka’s Port City Colombo, following the recent cabinet approval for two operators to establish.

  • July 15, 2024
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Economics

Sri Lanka to Provide Land for 176,000 Families in Plantation Areas

Sri Lanka’s cabinet has approved a law to establish village communities for descendants of former plantation workers, providing land and housing. President Ranil.

  • July 15, 2024
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Economics

Rising Optimism in Sri Lanka’s Economy: Survey Findings

According to a survey by Verité Research, a Colombo-based think tank, more Sri Lankans are optimistic about the economy, and government approval has.

  • July 15, 2024
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Economics

Sri Lanka Coconut Prices Down 4.6% at Auction

Sri Lanka’s average coconut prices fell by 4.6% to 79,599 rupees per 1,000 nuts at the July 4 auction, down from 83,443 rupees,.

  • July 5, 2024
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