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.
Economics
Providing analysis and commentary on key economic indicators such as GDP growth, unemployment rates, inflation, and consumer spending.
Economics
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
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
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
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
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
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
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
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.
- July 4, 2024
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.
- July 4, 2024