Government Allocates Rs. 100 Million Compensation Fund for Flood-Stricken Farmers
In response to the widespread devastation caused by recent flooding, the Sri Lankan government has announced a compensation fund of Rs. 100 million.
Economics
Providing analysis and commentary on key economic indicators such as GDP growth, unemployment rates, inflation, and consumer spending.
Economics
Economics
Excise Department Surpasses Target Despite Liquor Production Dip
The Excise Department has achieved a significant increase in tax revenue in the first five months of 2023, exceeding 98% of its target.
- June 7, 2024
Economics
President Wickremesinghe’s Initiatives Aim to Revitalize Economy and Infrastructure
State Minister for Rural Roads Development, Mr. Sivanesathurai Chandrakanthan, voiced confidence in President Ranil Wickremesinghe’s leadership to navigate Sri Lanka out of its.
- June 5, 2024
Economics
President Urges Adherence to IMF Agreements and Support for Economic Transformation Bill
President Ranil Wickremesinghe, speaking at the Wandala Sri Visuddaramaya in Karawanella, stressed the critical importance of adhering to International Monetary Fund (IMF) agreements.
- June 5, 2024
Business
Economics
NDB Bank Obtains Authorised Person Status at Colombo Port City, Poised to Drive Economic Growth
COLOMBO, Sri Lanka – National Development Bank PLC (NDB) has secured a significant milestone by being granted Authorised Person (AP) status at the.
- June 4, 2024
Business
Economics
Sri Lanka Mulls Cement Price Controls Amid High Building Material Costs
COLOMBO, Sri Lanka – Sri Lanka’s Trade Minister, Nalin Fernando, has announced that the government is considering imposing price controls on cement. This.
- June 4, 2024
Economics
BOI Exceeds Annual Investment Target in First Quarter
COLOMBO, Sri Lanka – The Board of Investment (BOI) has achieved a remarkable feat, surpassing its annual investment target of $1 billion within.
- June 4, 2024
Breaking News
Economics
Litro Gas Announces Price Reduction for Domestic LP Gas Cylinders
COLOMBO, Sri Lanka – Litro Gas, Sri Lanka’s leading supplier of domestic liquefied petroleum gas (LPG), has announced a price reduction for its.
- June 4, 2024
Economics
Sri Lanka News
Sri Lanka Faces IMF Review on June 12th, Aims for Continued Support
The International Monetary Fund (IMF) has scheduled a review of Sri Lanka’s economic program for June 12th. This review will assess the country’s.
- June 3, 2024
Economics
Tourism
Maldives Becomes Second Largest Tourist Source for Sri Lanka Despite Visa Controversy
The Maldives has overtaken the United Kingdom as the second-largest source of tourists for Sri Lanka in May, despite an ongoing controversy surrounding.
- June 3, 2024