Omega Line Honored for Economic Contribution at ‘Best Corporate Citizen Sustainability Awards
Omega Line Ltd, a key player in Sri Lanka’s apparel export industry and part of the Italy-based Calzedonia Group, was honored with the.
Economics
Providing analysis and commentary on key economic indicators such as GDP growth, unemployment rates, inflation, and consumer spending.
Economics
Economics
Sri Lanka’s Gross Foreign Reserves Reach 3.5-Year High in April
Sri Lanka’s gross official reserves experienced a significant increase in April 2024, reaching 5,438 million US dollars, according to official data, as the.
- May 8, 2024
Economics
Sri Lanka’s Central Bank Raises Concerns Over Shift in IMF-Agreed Economic Policies
Sri Lanka’s Central Bank Governor Nandalal Weerasinghe cautioned against deviating from current IMF-subscribed economic policies and reforms, warning of a return to the.
- May 8, 2024
Economics
Deputy Governor: Sri Lanka’s EPF Sees Return to Positive Net Contribution in 2024
Deputy Governor Yvette Fernando announced that Sri Lanka’s Employment Provident Fund (EPF) contributions returned to a positive trend in 2024, reversing the previous.
- May 8, 2024
Economics
Government Greenlights 484 MW Wind Power Project with Adani Green Energy
The government has given its approval for the development of 484 Megawatt wind power stations in Mannar and Pooneryn, marking a significant step.
- May 7, 2024
Economics
Sri Lanka’s Official Reserves Surge to USD 5.43 Billion in April
According to the Central Bank of Sri Lanka (CBSL), Sri Lanka’s official reserve assets saw a notable increase of 9.6% in April 2024,.
- May 7, 2024
Economics
IFC Asia Pacific Regional Vice President Voices Backing for Sri Lanka’s Reforms on Official Trip
IFC’s Vice President for Asia Pacific, Riccardo Puliti, concluded a two-day visit to Sri Lanka, expressing IFC’s dedication to supporting the country’s ongoing.
- May 6, 2024
Economics
Sri Lankan Apparel Exporters Urge End to Forex Conversion Regulation
Sri Lanka’s apparel exporters are urging the central bank to abolish a mandatory conversion rule for export proceeds as the rupee strengthens with.
- May 6, 2024
Economics
Key Services in Sri Lanka Drive Inflows to Exceed Imports by $514 Million in March
According to recent central bank data, Sri Lanka’s combined earnings from remittances, tourism, and exports reached $2.041 billion, surpassing imports by $514 million,.
- May 3, 2024
Economics
Minister Semasinghe to Seek Increased ADB Assistance for Sri Lankan SMEs, Tourism, and Infrastructure Development
State Minister of Finance Shehan Semasinghe emphasized the crucial role of the Asian Development Bank (ADB) in bridging Sri Lanka’s finance gap, speaking.
- May 3, 2024