Middle East War Poses Risk to Sri Lanka’s Trade, Remittances: CBSL Warns
A broader conflict in the Middle East could significantly impact Sri Lanka’s tea exports, petroleum imports, and remittance inflows, according to the Central.
Economics
Providing analysis and commentary on key economic indicators such as GDP growth, unemployment rates, inflation, and consumer spending.
Economics
Economics
Maldives to Dollarize Tax Revenues and Pensions Amid Forex Shortages
The Maldives’ cabinet of ministers has approved a plan to dollarize a portion of the country’s government revenues, including income tax, customs duties,.
- September 4, 2024
Economics
Sri Lanka and Austria to Sign Convention on Preventing Double Taxation and Evasion
The Sri Lankan Cabinet of Ministers has approved a proposal by the Minister of Finance to sign a convention with Austria aimed at.
- September 3, 2024
Economics
Maldives Banking System Faces Excess Liquidity Crisis with 6.7 Billion Rufiyaa Amid Forex Shortages
A recent report highlights that the Maldives banking system is grappling with 6.7 billion rufiyaa in excess liquidity, a legacy of money printing.
- September 2, 2024
Economics
Fitch Downgrades Maldives Credit Rating to ‘CC’ Amid Falling Reserves and Rising Debt
Fitch Ratings has downgraded the Maldives’ credit rating from CCC+ to CC, citing a decline in foreign reserves and the upcoming repayment of.
- September 2, 2024
Economics
Sri Lanka’s High Alcohol Taxes Driving Consumers to Illegal Alternatives, Warns DCSL Chief
Sri Lanka’s high alcohol taxes are pushing consumers, already impacted by the economic crisis, toward illegal and dangerous alternatives, warns Harry Jayewardena, the.
- August 30, 2024
Economics
Sri Lanka’s Economic Recovery to Slow in 2H 2024; Projected Growth at 3.2%
Sri Lanka’s economic growth is anticipated to slow down in the second half of 2024, with a projected overall growth of 3.2%, according.
- August 28, 2024
Economics
Oil Prices Climb on Middle East Tensions and Anticipated US Rate Cuts
Crude oil prices have seen an uptick at the start of this week, following a previous week of losses, as escalating violence in.
- August 27, 2024
Economics
FAO’s Good Agricultural Practices Programme Boosts Crop Yields and Farmer Incomes in Sri Lanka
A Good Agricultural Practices (GAP) programme led by the Food and Agriculture Organization of the United Nations (FAO) is transforming Sri Lankan agriculture.
- August 26, 2024
Economics
Sri Lanka’s Goods and Services Exports Surge in July 2024: A 6.58% Increase in Merchandise and 16.44% in Services
Sri Lanka’s export sector witnessed a notable boost in July 2024, with merchandise exports rising by 6.58% year-on-year to reach 1,087.6 million US.
- August 26, 2024