CPC Reports Profit Decline Amid Falling Oil Import Costs
Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) has reported a steep decline in profits for the first half of 2024, with net earnings.
Economics
Economics
IMF Advocates Dedollarization and Monetary Policy Reform in Sri Lanka
The International Monetary Fund (IMF) has stirred political discussions around dedollarization in Sri Lanka through a report on liquidity operations and monetary policy..
- October 7, 2024
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.
- September 25, 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
Tourism
Long Queues Return in Sri Lanka Due to Passport Shortage; Foreign Minister Apologizes
Sri Lanka is witnessing the return of long queues, this time outside the Department of Immigration and Emigration, due to a shortage of.
- August 29, 2024
Business
Sri Lanka’s State Sugar Firms Struggle with Surplus Ethanol Amid Falling Legal Alcohol Demand
Sri Lanka’s state-owned sugar companies are facing a significant challenge with unsold ethanol, as demand for legal alcohol has plummeted following the country’s.
- August 22, 2024
Business
ADB Country Director Praises SME Success in Kandy, Pledges Continued Support
Asian Development Bank (ADB) Country Director for Sri Lanka, Takafumi Kadono, recently visited ADB-aided small and medium-sized enterprises (SMEs) in Kandy. Kadono expressed.
- August 8, 2024
Economics
Sri Lanka Offers Interest Relief on Pawning Advances Up to Rs. 100,000
Sri Lanka will provide interest relief for pawn advances up to Rs. 100,000, as announced by Cabinet Spokesperson Minister Bandula Gunawardena. This measure.
- July 24, 2024
Economics
135,000 Aswesuma Beneficiaries Miss Payments Due to Lack of Bank Accounts
More than 135,000 beneficiaries of Sri Lanka’s Aswesuma poverty alleviation program cannot receive their monthly payments due to not having bank accounts, a.
- July 23, 2024
Business
China Supports Sri Lanka Customs Enhancement
Sri Lanka Customs (SLC) aims to surpass last year’s revenue of Rs. 970 billion in 2024, targeting Rs. 1.5 trillion due to increased.
- July 4, 2024