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.
Economics
Providing analysis and commentary on key economic indicators such as GDP growth, unemployment rates, inflation, and consumer spending.
Economics
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.
- July 4, 2024
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.
- July 3, 2024
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.
- July 2, 2024
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..
- July 2, 2024
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,.
- July 2, 2024
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..
- July 1, 2024
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.
- July 1, 2024
Economics
Sri Lanka to Revise High Renewable Feed-In Tariffs After Competitive Tenders
Sri Lanka will reduce the high feed-in tariffs offered to renewable energy developers following low prices from a 50 MW tender for a.
- June 28, 2024
Economics
Sri Lanka Imposes New Trade Controls on Metal Scrap Exports
Sri Lanka is set to enforce new trade regulations that will make exporting metal scrap illegal without a proper licensing system, according to.
- June 28, 2024