Economics

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

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
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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
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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
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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
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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
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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
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Business Economics

Pakistani Businesses Eye Sri Lanka’s Recovering Economy for Investments

Colombo, Sri Lanka – A 14-member Pakistani business delegation is visiting Sri Lanka to explore investment opportunities in various manufacturing sectors, signaling confidence.

  • May 31, 2024
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Economics Tourism

Sri Lanka Tourist Arrivals Surge, Targeting 900,000 by July

Sri Lanka’s tourism industry is experiencing a welcome surge, with arrivals reaching the 100,000 mark for May 2024 as of May 28th. The.

  • May 29, 2024
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Economics Tourism

Sri Lanka’s New Visa Deal Sparks Retaliation Threat from Maldives

Sri Lanka’s recent decision to outsource visa processing and introduce “processing” and “convenience” fees has ruffled feathers in the Maldives, a close neighbor..

  • May 29, 2024
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Economics

Analyst Warns: Adani Deal Highlights Sri Lanka’s High Costs Due to Lack of Competition

Murtaza Jafferjee, Chairman of the Colombo-based think tank Advocata Institute, advocates for opening both traded and non-traded sectors in Sri Lanka to competition..

  • May 16, 2024
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