Sri Lanka Stockholders US$6.3bn and Rs1.4 Trillion Richer by End of 2024
Sri Lanka stockholders were 1.4 trillion rupees wealthier by the end of 2024, with the dollar value of listed stocks increasing by 6.3.
Stock Market
Finance
Sri Lanka’s Central Bank Net Foreign Reserves Turn Positive in October 2024
Sri Lanka’s net foreign reserves moved into positive territory in October 2024, with reserves exceeding reserve-related liabilities by approximately 63 million US dollars,.
- December 4, 2024
Tourism
CBSL Governor Urges Tourism Industry to Build Resilience Against Future Shocks
Central Bank Governor Dr. Nandalal Weerasinghe emphasized the importance of building financial resilience within Sri Lanka’s tourism industry to better handle future shocks..
- December 2, 2024
Economics
Sri Lanka’s Power & Energy Sector Strengthens Under Outgoing Minister
Sri Lanka’s outgoing Power and Energy Minister Kanchana Wijesekara has announced that he leaves the ministry in a stronger financial position, with sufficient.
- September 24, 2024
Finance
Sri Lanka Reaches ISB Restructuring Deal, Finalises Agreement with China Development Bank
Sri Lanka has reached an agreement in principle to restructure approximately USD 14.2 billion in sovereign debt with International Sovereign Bond (ISB) holders.
- September 20, 2024
Finance
Financial Stability Fund Approved to Strengthen Sri Lanka’s Bank Resolution Framework
The Cabinet of Ministers has approved the establishment of a Financial Stability Fund aimed at strengthening Sri Lanka’s bank resolution framework as part.
- September 11, 2024
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.
- August 26, 2024
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.
- August 16, 2024
Economics
Economist Criticizes Poverty-Level Wages in Sri Lanka’s Private Sector and Calls for Urgent Reforms
Top economist Dr. Anila Dias Bandaranaike has raised concerns over the viability of the low wages offered by Sri Lanka’s private sector, revealing.
- August 15, 2024
Economics
Sri Lanka Central Bank Absorbs Rs. 546 B from Forex Purchases to June 2024
Sri Lanka’s central bank has absorbed Rs. 546 billion of domestic money out of the Rs. 578.5 billion created from foreign exchange purchases.
- August 5, 2024