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
Economics
Fitch Upgrades Sri Lanka to ‘CCC+’, Reflecting Debt Restructuring Progress and Economic Recovery
Fitch Ratings has upgraded Sri Lanka’s long-term foreign-currency issuer default rating (IDR) to ‘CCC+’, from ‘RD’ (Restricted Default), marking a significant milestone in.
- December 23, 2024
Forex Market
Sri Lanka Rupee Depreciates to 292.70/293.00 Against US Dollar, Bonds Rise
Sri Lanka’s rupee depreciated sharply to 292.70/293.00 to the US dollar in the spot market, down from 291.25/50 to the US dollar the.
- December 19, 2024
Economics
Sri Lanka’s Rupee to Remain Resilient, SLBA Chief Says
Sri Lanka’s rupee is expected to remain stable on a ‘very comfortable terrain’ in the coming years, with gross foreign exchange reserves forecast.
- November 14, 2024
Economics
IMF Warns of Global Economic Risks from Elections and Policy Shifts
The International Monetary Fund (IMF) has raised concerns about the elevated uncertainty surrounding the global economic outlook, citing the potential impact of elections.
- October 23, 2024
Finance
Fitch: Economic Recovery to Boost Growth in Sri Lanka’s Finance and Leasing Companies
Fitch Ratings announced that Sri Lanka’s ongoing economic recovery, combined with moderating inflation and lower interest rates, is set to drive the growth.
- October 22, 2024
Finance
Sri Lanka Banking System Repays Debt and Builds FX Reserves of US$7.4 Billion Since Default
Since Sri Lanka’s selective default in April 2022, the country’s banking system, including the central bank and commercial banks, has repaid or built.
- October 15, 2024
Economics
Foreign Inflows into Sri Lanka’s Government Securities Rise Amid Deflationary Policies
Foreign investment in Sri Lanka’s government securities surged last week, with Central Bank data revealing a 15.7 percent increase in foreign holdings. The.
- October 14, 2024
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
Economics
Sri Lanka’s Forex Inflows Exceed Imports by $757 Million in August 2024
Sri Lanka’s gross foreign exchange inflows exceeded imports by $757 million in August 2024, according to data released by the Central Bank of.
- October 4, 2024