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.
Economics
Tourism
Sri Lanka Sees Significant Boost in Tourist Arrivals in July
After a disappointing June, tourist arrivals in Sri Lanka surged in July, with the country welcoming 187,810 foreign visitors. This marks a 31.3.
- August 5, 2024
Industry Analysis
Sri Lanka Tourism Promotion Bureau Wins ‘Best International Tourism Board’ Award
Sri Lanka Tourism Promotion Bureau (SLTPB) has been honored with the “Best International Tourism Board” award at the Global Tourism Awards 2024, held.
- August 5, 2024
Finance
HNB Finance Launches Three New Gold Loan Units Across Sri Lanka
HNB Finance has expanded its services with the introduction of three new Gold Loan Units in response to increasing demand. The new units.
- August 5, 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
Economics
Sri Lanka Coconut Auction Prices Dip Slightly
Sri Lanka’s average coconut auction prices decreased slightly from Rs. 85,516 to Rs. 85,087 per 1,000 nuts as of August 1, 2024, according.
- August 5, 2024
Tourism
Sri Lanka’s Online Visa Service Faces Review After Court Suspension
Sri Lanka’s Department of Immigration is poised to make a decision on reinstating online tourist visas after a court suspended the service provided.
- August 5, 2024
Markets
Sri Lanka Gold Prices for August 5, 2024
Gold Unit Gold Price Gold Ounce Rs. 737,998.00 24 Carat 1 Gram Rs. 26,040.00 24 Carat 8 Grams ( 1 Pawn ) Rs..
- August 5, 2024
Economics
ADB Praises Sri Lanka’s Macroeconomic Progress
The Asian Development Bank (ADB) has expressed confidence in Sri Lanka’s macroeconomic indicators, with Country Director Takafumi Kadono noting positive developments during a.
- August 2, 2024
Industry Analysis
Richard Pieris Group’s Q1 Profits Surge 281% to Rs. 1.75 Billion
Richard Pieris Group, one of Sri Lanka’s largest and most diversified conglomerates, reported a Profit Before Tax (PBT) of Rs. 1.75 billion for.
- August 2, 2024