Economics

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

Economics

Sri Lanka Transfers Operations of Mattala Airport to Indian-Russian Consortium Despite US Sanction Concerns

Sri Lanka will transfer the operations of its Chinese-built Mattala Rajapaksa International Airport to a consortium of Indian and Russian firms, despite warnings.

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Economics

Revised Rate for Rooftop Solar Panels and Renewable Energy

Power and Energy Minister Kanchana Wijesekera announced a revised payment system for rooftop solar panels and other renewable energy projects, effective from July.

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Economics

Sri Lanka Bondholders Agree to 28% Haircut with GDP-Linked Gains

Sri Lanka and its sovereign bondholders have come to an agreement to exchange $14.43 billion in defaulted bonds and overdue interest for new.

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Economics

Excise Revenue Reaches Rs. 105 Billion

The Excise Department has successfully amassed Rs. 105 billion in revenue so far this year, reflecting a significant increase of Rs. 17 billion.

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Economics

Sri Lanka CPC Oil Imports and Sales Decline with New Market Players

Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) spent 648.7 million US dollars on oil imports in the first four months of 2024, down.

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Economics

Sri Lanka Secures $100 Million from ADB for Power Reforms

Sri Lanka’s cabinet of ministers has approved borrowing 100 million US dollars from the Asian Development Bank, according to a statement from the.

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Economics

Sri Lanka Reduces Bus Fares by 5.07%; Public Transport Declared Essential Service

Bus fares in Sri Lanka will be reduced by 5.07 percent from midnight on July 1, as announced by the National Transport Commission..

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Economics

LP Gas Prices Reduced in Sri Lanka

The price of Litro domestic LP gas cylinders has been reduced effective from midnight today (2), according to the Chairman of Litro Gas,.

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Economics

DFCC Bank Launches Rs. 500 Million Fund to Boost Smallholder Dairy Farmers

DFCC Bank has announced a significant initiative to strengthen Sri Lanka’s dairy industry by allocating Rs. 500 million to finance smallholder dairy farmers..

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Economics

Immediate Fuel Price Reductions Announced by CPC

The Ceylon Petroleum Corporation (CPC) has announced an immediate reduction in fuel prices. The new prices are as follows: There are no changes.

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