CEB Accused of Rs. 50 Billion Burden on Electricity Consumers
The Electricity Consumers’ Association (ECA) has alleged that the Ceylon Electricity Board (CEB) is imposing an additional financial burden of approximately Rs. 50.
Economics
Providing analysis and commentary on key economic indicators such as GDP growth, unemployment rates, inflation, and consumer spending.
Economics
Economics
IMF to Reveal Dates for Sri Lanka’s Third Review Under EFF Program
The International Monetary Fund (IMF) is set to announce the dates for the third review under the Extended Fund Facility (EFF) program for.
- October 4, 2024
Economics
President Discusses Tax Relief Plans with IMF Delegation in Sri Lanka
President Anura Kumara Dissanayake met with an IMF delegation yesterday, including Asia Pacific Department Director Krishna Srinivasan and Senior Mission Chief Dr. Peter.
- October 4, 2024
Economics
Sri Lanka’s Forex Inflows Exceed Imports by $757 Million in August 2024
Sri Lanka’s gross foreign exchange inflows exceeded imports by $757 million in August 2024, according to data released by the Central Bank of.
- October 4, 2024
Economics
CBSL Forecasts Ongoing Deflation Amid Price Cuts and Improved Supply
The Central Bank of Sri Lanka (CBSL) anticipates that deflationary trends will continue in the coming months before inflation gradually aligns with the.
- October 3, 2024
Economics
IMF Meets Sri Lanka’s New Economic Team for Future Collaboration
Sri Lanka’s newly elected President Anura Dissanayake’s economic team held its first meeting with an International Monetary Fund (IMF) delegation. The discussions, which.
- October 3, 2024
Economics
President Allocates Rs. 5 Billion for Sri Lanka’s General Elections
Sri Lanka’s three-member cabinet, including President Anura Dissanayake, has sanctioned a proposal to allocate Rs. 5 billion from the government’s consolidated fund to.
- October 2, 2024
Economics
Sri Lanka’s IMF Program Review: What Comes Next?
Sri Lanka’s economic stability is closely tied to its International Monetary Fund (IMF) program, with reviews conducted every six months to assess the.
- October 2, 2024
Economics
Sri Lanka Reduces Bus Fares Following Diesel Price Cut
Sri Lanka’s National Transport Commission (NTC) has implemented a 4.24% reduction in bus fares, effective from midnight on October 1, in response to.
- October 2, 2024
Economics
Colombo Inflation Drops 0.5% in September Amid Lower Food and Fuel Prices
Inflation in the Colombo district decreased in September, following a significant slowdown in August, as both food and non-food prices declined due to.
- October 1, 2024