Sri Lanka’s Dollar Inflows Exceed Imports by $604 Million in November 2024
Sri Lanka’s foreign exchange inflows in November 2024 amounted to 2.1 billion US dollars, surpassing imports by 604 million US dollars, according to.
Economics
Providing analysis and commentary on key economic indicators such as GDP growth, unemployment rates, inflation, and consumer spending.
Economics
Economics
Fitch Upgrades Sri Lanka to ‘CCC+’, Reflecting Debt Restructuring Progress and Economic Recovery
Fitch Ratings has upgraded Sri Lanka’s long-term foreign-currency issuer default rating (IDR) to ‘CCC+’, from ‘RD’ (Restricted Default), marking a significant milestone in.
- December 23, 2024
Economics
British High Commissioner Commends Sri Lanka’s Economic Stabilisation Efforts
The British High Commissioner to Sri Lanka, Andrew Patrick, commended the Sri Lankan Government for its significant progress in economic stabilisation achieved within.
- December 23, 2024
Economics
Sri Lanka’s Hambantota Industrial Park Secures $25 Million Mattress Export Investment
Sri Lanka’s Hambantota International Port Group (HIPG) has secured a $25 million investment to establish a mattress manufacturing factory in its China-backed industrial.
- December 20, 2024
Economics
Sri Lanka to Import 30,000 Metric Tons of Non-Iodized Salt Amid Possible Shortage
Sri Lanka’s cabinet of ministers has approved a proposal to import 30,000 metric tons of non-iodized salt in response to a potential shortage.
- December 19, 2024
Economics
Sri Lanka to Continue Special Commodity Food Taxes to Protect Farmers
Sri Lanka’s cabinet has decided to retain the Special Commodity Levy (SCL) Act, reversing an earlier decision to abolish it, in order to.
- December 19, 2024
Economics
Doing Business Ecosystem Gaining Momentum, Positive Country Image to Boost FDI
Finance and Planning Deputy Minister Dr. Harshana Suriyapperuma recently visited the Board of Investment (BOI) and held the first meeting with its senior.
- December 17, 2024
Economics
Sri Lanka Rice Importers Forced to Cancel Orders Due to Tight Shipping Window and Price Controls
Several rice importers in Sri Lanka have been compelled to cancel their orders due to a limited shipping window and stringent price controls,.
- December 16, 2024
Economics
Sri Lanka Promoted as Gateway to Business Opportunities at Antwerp Event
The Embassy of Sri Lanka in Brussels showcased Sri Lanka’s impressive economic recovery and emerging prospects in trade, investment, and tourism to over.
- December 16, 2024
Economics
Colombo Consumer Prices Dive Deeper into Deflation in November 2024 Amid Fuel Price Cuts
Inflation in Colombo fell further into deflationary territory in November 2024, as anticipated by the Central Bank, with a significant decline in non-food.
- December 2, 2024