CPC Reports Profit Decline Amid Falling Oil Import Costs
Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) has reported a steep decline in profits for the first half of 2024, with net earnings.
Economics
Providing analysis and commentary on key economic indicators such as GDP growth, unemployment rates, inflation, and consumer spending.
Economics
Economics
Sri Lanka Central Bank Signals Readiness for Vehicle Import Relaxation
The Central Bank of Sri Lanka has expressed its readiness to support the government should it decide to ease restrictions on motor vehicle.
- November 4, 2024
Economics
Sri Lanka Sees 0.8% Deflation in October 2024 Amid Central Bank Policies
Sri Lanka’s consumer price inflation recorded a deflation of 0.8% in the 12 months ending October 2024, with only a 0.3% increase over.
- November 1, 2024
Economics
Port City Colombo Promotes Sustainable Growth at Commonwealth Forum 2024
Port City Colombo, a visionary Special Economic Zone (SEZ) focused on the export of modern services, recently represented Sri Lanka at the Commonwealth.
- November 1, 2024
Economics
Sri Lanka Delegation Discusses Tax and Revenue Targets with IMF
A Sri Lankan delegation held discussions on taxes and revenue targets with the International Monetary Fund (IMF) during a recent visit to the.
- October 30, 2024
Economics
Sri Lanka and Indonesia Collaborate for UK Tariff Benefits on Apparel Exports
Sri Lanka and Indonesia are set to submit a joint application to enhance their apparel exports under the United Kingdom’s tariff preference scheme.
- October 29, 2024
Economics
Sri Lanka’s Cabinet Spokesman Denies New Currency Printing Amid Rising Liquidity Concerns
Sri Lanka has not printed new banknotes, as confirmed by cabinet spokesman Vijitha Herath, who highlighted the absence of currency notes bearing the.
- October 29, 2024
Economics
IMF Engages in Talks with Sri Lanka for Program Review to Advance Economic Recovery
The International Monetary Fund (IMF) is actively engaging with Sri Lanka’s new administration to discuss priorities as it works toward the next review.
- October 25, 2024
Economics
G-24 Pushes for Common Debt Framework for Middle-Income Nations, Citing Sri Lanka’s Progress
At the G-24 press briefing during the IMF-World Bank Annual Meetings on October 22, the G-24 countries advocated for the establishment of a.
- October 24, 2024
Economics
IMF Warns of Global Economic Risks from Elections and Policy Shifts
The International Monetary Fund (IMF) has raised concerns about the elevated uncertainty surrounding the global economic outlook, citing the potential impact of elections.
- October 23, 2024