Politics

Sri Lanka’s Economy Will Not Collapse Under NPP, Assures Anura Kumara Dissanayake

Sri Lanka’s economy will remain stable under the National People’s Power (NPP) administration, according to party leader Anura Kumara Dissanayake. Addressing the business.

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Finance

Sri Lanka Anticipates Rating Upgrade Following Debt Restructuring: Fitch Ratings

Sri Lanka’s banking sector outlook has stabilized, with the Central Bank’s decision to prevent dividend repatriation playing a key role in the sector’s.

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Economics

Sri Lanka’s Budget Deficit Plummets by 52% in First Half of 2024 as Tax Revenues Surge

Sri Lanka’s budget deficit saw a significant reduction of 52% in the first half of 2024, dropping to 515.7 billion rupees. During the.

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Economics

National Consumer Prices Rise Slightly to 2.5% in July; Central Bank Confident in Controlling Inflation

National consumer prices in Sri Lanka saw a slight increase in July, rising by 2.5% compared to the same month last year. This.

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Economics

Sri Lanka Expected to Breach Inflation Target Until Q1 2025: Central Bank

Sri Lanka’s inflation is projected to remain below 3 percent through the first quarter of 2025, according to the Central Bank. This marks.

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Finance

Sri Lanka’s Positive Growth Momentum Expected to Continue: CB Governor

Sri Lanka’s positive economic growth, seen in early 2024, is likely to continue, supported by low inflation and a stable exchange rate, according.

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Economics

Sri Lanka’s July 2024 Remittances Increase by 10.3% to $566.8 Million

Sri Lanka’s remittances surged by 10.3% to $566.8 million in July 2024, marking a significant rise from the previous year, thanks to increased.

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Economics

Sri Lanka’s 2024 BOP Surplus Lags Behind 2023 Amid Ongoing Economic Policies

Sri Lanka’s balance of payments (BOP) remains in surplus in 2024, but it trails slightly behind the figures from 2023, according to official.

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Economics

Sri Lanka’s Forex Reserves Slightly Decline to $5.649 Bn in July

Sri Lanka’s foreign exchange reserves experienced a marginal decline, reaching $5.649 billion in July 2024, down from $5.654 billion in June, according to.

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Economics

IMF’s Primary Deficit Focus Deepens Sri Lanka’s Debt Crisis: Analyst

The International Monetary Fund’s (IMF) stringent focus on an arbitrarily set primary balance target in Sri Lanka’s budget is exacerbating the country’s debt.

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