Economics

Policy Shifts in Sri Lanka’s Construction Sector After Polls

Sri Lanka’s construction sector is expected to undergo significant changes under the leadership of new President Anura Kumara Dissanayake and the leftist National.

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Economics

Foreign Inflows into Sri Lanka’s Government Securities Rise Amid Deflationary Policies

Foreign investment in Sri Lanka’s government securities surged last week, with Central Bank data revealing a 15.7 percent increase in foreign holdings. The.

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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.

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Policy and Regulation

Sri Lanka to Present Interim Budget in November; Full Budget in January 2025

Sri Lanka’s new government is set to present an interim budget for the first quarter of 2025 in November, according to Prof. Anil.

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Politics

Japan Reaffirms Commitment to Restart 11 Halted Projects in Sri Lanka, Says President Dissanayake

President Anura Kumara Dissanayake announced that Japan has reiterated its commitment to resume 11 halted development projects in Sri Lanka, with support for.

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Stock Market

Colombo Stock Market Sees Highest Daily Gain in 2024 Amid AKD Optimism

In a significant display of investor confidence following the election of President Anura Kumara Dissanayake, the Colombo stock market surged to record its.

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International Economic Developments

US Supports Sri Lanka’s Path to Economic Sustainability Post-Crisis: Foreign Relations Chair

The United States has reaffirmed its support for the people of Sri Lanka in their efforts to build “an inclusive, just, democratic, and.

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Markets

Sri Lanka’s Bonds Slide as Election Victory Puts IMF Bailout at Risk

Sri Lanka’s dollar bonds took a significant hit following the victory of leftist candidate Anura Kumara Dissanayake in the presidential election, raising concerns.

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Tourism

Sri Lanka Welcomes 70,000+ Tourists in Early September Despite Challenges

Sri Lanka recorded over 70,000 tourist arrivals in the first 17 days of September, according to provisional data from the Sri Lanka Tourism.

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Politics

AKD Blames Ranil for Sri Lanka’s Financial Crisis, Spares Gotabaya

Presidential candidate Anura Kumara Dissanayake has attributed Sri Lanka’s 2022 financial crisis to incumbent President Ranil Wickremesinghe, while largely absolving former President Gotabaya.

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