Economics

Sri Lanka’s Government Revenue Soars by 41% in First Half of 2024

Sri Lanka has seen a substantial increase in government revenue, with a 41% rise year-on-year (y-o-y) in the first six months of 2024,.

  • August 8, 2024
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Entrepreneurship

BOC Launches Support Initiative for Young Entrepreneurs to Address Brain Drain

The Bank of Ceylon (BOC) has unveiled a groundbreaking initiative aimed at supporting young entrepreneurs in Sri Lanka. The new program, designed to.

  • August 8, 2024
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Real Estate

Prime Group to Invest Rs. 20 Billion in Dubai and Sri Lanka Real Estate

Prime Group is set to invest over Rs. 20 billion in 2024 for two significant real estate projects in Dubai and Kiribathgoda. Co-Chairperson.

  • August 7, 2024
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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.

  • August 5, 2024
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Economics

CBSL Projects Near 4% Economic Growth for SL in 2024

Sri Lanka is poised to achieve close to 4% economic growth by the end of 2024, continuing its positive momentum, according to Central.

  • August 1, 2024
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Business

Melco Resorts Invests $1 Billion in Colombo’s ‘City of Dreams’ Project

Melco Resorts and Entertainment is making a significant investment in Colombo with its new $1 billion project, ‘City of Dreams Sri Lanka,’ aiming.

  • July 31, 2024
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Business

CPA Australia Explores New Collaborations with Sri Lankan Institutions

A delegation from CPA Australia, a leading global accounting body, has visited Sri Lanka to explore potential collaborations with local government bodies, professional.

  • July 31, 2024
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Economics

Sri Lanka’s Economic Revival:Ravi K Emphasizes Brain Gain and Policy Reforms

Former Finance Minister and Presidential National Organiser Ravi Karunanayake has underscored that Sri Lanka is on a path to economic recovery and transitioning.

  • July 30, 2024
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Finance

Sri Lanka’s Private Credit Grows in 2024, Government Credit Declines

Sri Lanka’s private sector credit saw a notable expansion of 146 billion rupees during the first half of 2024, according to official data..

  • July 29, 2024
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Economics

Central Bank Cuts Key Rates by 25bps to Stimulate Growth

The Central Bank has reduced its key policy rates by 25 basis points, bringing the Standing Lending and Deposit Facility rates to 9.25%.

  • July 26, 2024
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