Sri Lanka Strikes US $14.2 Billion ISB Restructuring, Paving Way Out of Bankruptcy
Sri Lanka has made significant progress in its efforts to exit bankruptcy, reaching an agreement in principle with the ad hoc group of.
Economics
Providing analysis and commentary on key economic indicators such as GDP growth, unemployment rates, inflation, and consumer spending.
Economics
Economics
Sri Lanka Anticipates IMF Mission Visit in Two Weeks, Says President Wickremesinghe
Sri Lanka is expecting a mission from the International Monetary Fund (IMF) in two weeks, President Ranil Wickremesinghe announced at a campaign rally.
- September 19, 2024
Economics
Sri Lanka Central Bank’s Foreign Reserves Remain Negative at US$728 Million (July 2024)
As of July 2024, Sri Lanka’s central bank continues to face a challenging financial situation, with net foreign reserves remaining in the negative.
- September 18, 2024
Economics
Sri Lanka’s IMF Program Yields Positive Results, Debt Sustainability Assessment Underway
Sri Lanka’s ongoing economic recovery program is showing positive results, according to an International Monetary Fund (IMF) spokesperson. The IMF’s next program review.
- September 13, 2024
Economics
Parliament Approves Offshore Banking Regulations at Port City Colombo
Port City Colombo announced that Parliament officially passed two key offshore banking regulations, Offshore Banking and Offshore Banking – Prudent Management and Confidence,.
- September 12, 2024
Economics
WAA Unveils Cutting-Edge Vehicle Assembly Plant in Kuliyapitiya with $27 Million Investment
Western Automobile Assembly Private Limited (WAA) has proudly announced the opening of its advanced SKD assembly plant in Kuliyapitiya. This state-of-the-art facility, representing.
- September 11, 2024
Economics
China Exim Bank Becomes First to Restructure Sri Lanka’s Debt
Sri Lanka has successfully restructured defaulted loans and past due interest owed to the Export Import Bank of China, transforming them into $4.187.
- September 10, 2024
Economics
Cess Levy on Imported Cement Reduced by Rs. 1 Per Kilogram
The Finance Ministry has announced a reduction in the cess levy on imported cement by Rs. 1 per kilogram, effective from 6 September.
- September 9, 2024
Economics
Sri Lanka’s Private Credit Expands by Rs. 60 Billion in July 2024, SOE Credit Declines
Sri Lanka’s private sector credit expanded by Rs. 60 billion in July 2024, following a Rs. 74 billion rise in June, according to.
- September 9, 2024
Economics
Rising Natural Rubber Prices Push Global Shift to Synthetic Alternatives
The recent surge in natural rubber prices has led the global rubber industry to anticipate a consumer shift from natural rubber products to.
- September 6, 2024