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.
Finance
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
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
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
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
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
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
Economics
Sri Lanka Unveils Rs 13 Billion Aid Package for MSMEs
President Ranil Wickremesinghe announced a Rs 13 billion financial aid package for micro, small, and medium-scale enterprises (MSMEs) in Sri Lanka. This initiative.
- July 19, 2024
Economics
Tea Exports Cover $60M of Sri Lanka’s Fuel Debt to Iran
The Sri Lanka Tea Board announced that exports of Ceylon Tea have successfully offset $60 million of the country’s fuel bill owed to.
- July 16, 2024