Sri Lanka Tourism Sees Early June Boost, But Target Uncertain
Sri Lanka’s tourism industry shows positive signs in early June: Challenges Remain: Overall 2024 Target: Additional Notes: Sri Lanka’s tourism industry has shown.
Economics
Providing analysis and commentary on key economic indicators such as GDP growth, unemployment rates, inflation, and consumer spending.
Economics
Tourism
Business
Economics
Sri Lanka Tea Production Down Despite May Increase
Sri Lanka’s tea production shows a mixed picture: Overall, YTD production is lower across all elevations compared to 2023. Key Takeaways:
- June 14, 2024
Business
Economics
Industry Analysis
Unilever Sri Lanka Takes a Big Step Towards Sustainability with New Solar Power Project
Horana, Sri Lanka – Unilever Sri Lanka recently inaugurated a significant solar power project at its Horana factory, demonstrating their commitment to environmental.
- June 12, 2024
Business
Economics
Sri Lanka Confident of Favorable IMF Review Today
Sri Lanka’s State Minister for Finance, Shehan Semasinghe, expressed optimism on Twitter (platform Twitter) ahead of the International Monetary Fund (IMF) board discussion.
- June 12, 2024
Economics
Sri Lanka’s Recovery Stalls: Verité Research Questions Governance Progress
Sri Lanka’s economic recovery faces a hurdle as a critical review by the International Monetary Fund (IMF) approaches. Verité Research, a prominent Sri.
- June 10, 2024
Economics
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.
- June 7, 2024
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