Polestar Lanka Garments Invests $5.08 Million in Sri Lanka, Creating 679 Jobs
Polestar (Lanka) Garments Ltd, a subsidiary of China’s Lianfa Group, has signed a significant agreement with Sri Lanka’s Board of Investment (BOI) to.
Business
Economics
Sri Lanka’s Central Bank Reports Rs. 274 Billion Profit in 2024
Sri Lanka’s central bank has reported a profit of Rs. 274 billion for the year 2024, driven primarily by interest income from its.
- April 30, 2025
Forex Market
Sri Lanka Rupee Opens Flat; Bond Yields Remain Steady
Sri Lanka’s rupee opened marginally unchanged on Wednesday, trading at 299.55/75 against the US dollar in the spot market, compared to Tuesday’s close.
- April 30, 2025
Business
T-Bond Auction Nets Rs. 155 Billion Amid Strong Investor Demand
Sri Lanka’s Public Debt Department successfully raised Rs. 155 billion through its latest Treasury bond auction held on April 28, reflecting robust investor.
- April 30, 2025
Economics
Sri Lanka to Launch Comprehensive Economic Census in 2025/26
First nationwide survey in over a decade to cover both agricultural and non-agricultural sectors Sri Lanka is preparing to undertake a wide-ranging economic.
- April 29, 2025
Business
Sri Lankan Rupee Among Worst Performing Emerging Market Currencies in 2025
Currency slides 2.2% amid growing trade deficit and rising import demand The Sri Lankan rupee has emerged as one of the weakest performers.
- April 29, 2025
Business
IMF Urges Sri Lanka to Diversify Exports and Boost Private Investment
Colombo (ECONOMYNEXT) – Sri Lanka must urgently prioritize export diversification and encourage private sector investment to sustain its fragile economic recovery, the International.
- April 28, 2025
Business
Sri Lanka Faces Ongoing Fiscal Pressures in 2025 Amid Soaring Interest Payments and Debt Refinancing
Colombo – April 25, 2025: Despite ongoing efforts at fiscal consolidation, Sri Lanka is expected to face significant fiscal pressures in 2025, largely.
- April 25, 2025
Economics
Sri Lanka’s Economy Exceeds Expectations with 5% Growth in 2024, World Bank Reports
Sri Lanka’s economy has shown signs of resilience and exceeded expectations in 2024, growing by 5% against the World Bank’s earlier forecast of.
- April 24, 2025
Forex Market
Sri Lanka Rupee Opens Weaker at 299.50/80; Bond Yields Steady
ECONOMYNEXT – Sri Lanka’s rupee weakened slightly against the US dollar on Tuesday, opening at 299.50/80 in the spot market compared to 298.85/299.25.
- April 22, 2025