Finance

NSB Reports Rs. 15 Billion PBT for 1H 2024, Surpassing Previous Year’s PAT

The National Savings Bank (NSB) has reported an impressive profit-before-tax (PBT) of Rs. 15 billion for the first half of 2024, surpassing the.

  • August 28, 2024
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Tourism

Sri Lanka’s Tourism Income Surges to US$ 328 Million in July, Matching IMF Tranche

Sri Lanka’s tourism sector generated an impressive income of US$ 328.3 million in July 2024, a figure almost matching the country’s half-yearly tranche.

  • August 26, 2024
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Tourism

Sri Lanka to Offer Visa-Free Entry to Tourists from 35 Countries Starting October 1

Sri Lanka has announced a new visa-free entry policy for tourists from 35 countries, effective October 1, 2024. This initiative is part of.

  • August 22, 2024
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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.

  • August 14, 2024
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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.

  • August 12, 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

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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Business

Sri Lanka to Introduce New Insolvency Bill for MSMEs

President Ranil Wickremesinghe has announced that a new bill will be introduced to address business bankruptcies, as it is not feasible to indefinitely.

  • July 22, 2024
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Business

Consumer Spending Rebounds with USD 42.65 Billion in 2024

Consumer expenditure in Sri Lanka has shown a robust recovery, reaching USD 42.65 billion in 2024. This notable increase over the past 18.

  • July 19, 2024
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Economics

Sri Lanka Targets 40% Direct Tax Collection by 2025

Sri Lanka aims to increase direct tax collection to 40 percent by 2025 from the current 30 percent, through expanded tax nets and.

  • July 19, 2024
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