Sri Lanka has exceeded IMF’s annual primary surplus target with the primary surplus reaching estimated 2.1 percent of GDP during the first eight months of the year.

Sri Lanka’s debt relief from its recent agreement is expected to be 19.8 percent in net present value (NPV) terms, based on a 5 percent discount rate, lower than the 30 percent NPV reduction projected in the government’s baseline scenario, Verit

Sri Lanka’s labour market has seen an unexpected shift with unemployment rates decreasing slightly over the years despite the country undergoing a series of crises since 2019, according to research conducted by the Institute of Policy Studies (IPS)

The Purchasing Managers’ Index (PMI) for both manufacturing and services activities pointed to persistent expansion in the economic activities in the respective sectors through September 2024, albeit there has been some softening in both from a mon

The Indian government’s ability to promote investments in Sri Lanka among Indian investors depends on the creation of a welcoming and conducive ecosystem, along with legal and regulatory stability, according to Indian High Commissioner to Sri Lanka

Sri Lanka’s micro, small and medium enterprises (MSMEs) have called on the new administration to implement key reforms in MSME financing within the next 60 days, including waivers on interest for the struggling businesses.

Sri Lanka’s financial system is poised for improvement, with asset quality expected to rise and capital buffers to strengthen, while risks are prudently managed, the Central Bank of Sri Lanka (CBSL) said in its Financial Stability Review 2024.

The Central Bank of Sri Lanka (CBSL) has cracked down on a total of 19 entities found to have been operating and promoting fraudulent pyramid schemes in the country.

Sri Lanka’s untapped export potential has grown to an estimated US$ 10 billion annually, according to the World Bank, signalling missed opportunities for economic growth.

Fitch Ratings has signalled that it may move Sri Lanka’s Issuer Default Rating (IDR) out of ‘Restricted Default’ (RD), once the country completes its commercial debt restructuring, which the agency believes would restore its relationship with t

Sri Lanka should stay committed to the fiscal framework set by the International Monetary Fund (IMF) until the country achieves the macroeconomic stability required for a sustained recovery, a top economist asserted.

The prices of the confectionery items in Sri Lanka, which have gradually decreased following the economic downturn, are now facing the risk of rising again, due to the potential supply chain disruptions caused by the developments in the Red Sea, the

Sri Lanka is seeing continuous headway in its tourism trade through September as both the arrivals and earnings made progress in the months, although there was some easing from a month ago.

The International Monetary Fund (IMF) emphasised that Sri Lanka must maintain its reform trajectory, warning that “important vulnerabilities” and “uncertainties” remain, despite the significant progress in key macroeconomic indicators.

The Sri Lanka Gem and Jewellery Association (SLGJA) has renewed its call for urgent reforms as the domestic industry faces a downturn, driven by surging gold prices and policy challenges that have hindered growth.

Sri Lanka’s shipping sector has called on the newly elected government, led by President Anura Kumara Dissanayake, to introduce regulatory reforms focused on digitalisation and transparency, to strengthen the country’s position as a leading marit

Sri Lanka’s exports reached the highest levels so far this year, buttressed by the recovery seen in garment exports as of late but the deficit in the merchandise trade account expanded due to the faster increase in imports.

Sri Lanka’s export performance expanded 4.18 percent year-on-year (YoY) in August, recording a revenue amounting to US $ 1.16 billion.

Credit to the private sector which is used as one of the key barometers to determine the health of the economy grew at a brisk pace in August from a month ago, continuing the months-long growth in credit to the real economy.

The Central Bank left the key policy rates unchanged yesterday at its fifth monetary policy review for the year, as inflation remains well below its medium-term target of 5.0 percent, while the previous rate cuts are doing their job by way of convert

Sri Lanka’s Consumer confidence dropped marginally in August 2024 in lead-up to Presidential election, the Institute for Health Policy (IHP) survey showed.

President Anura Kumara Dissanayake in his inaugural address to the nation last evening pledged to prioritise economic stability and restore confidence in the country’s recovery. Dissanayake announced that his government would immediately initiate n

Sri Lanka’s construction industry, still struggling to regain momentum despite modest growth, said the newly elected president faces the challenging task of steering the sector’s recovery and reshaping its development path. In a congratulatory me

The Colombo bourse yesterday closed in green in continuing with the bullish sentiment, signalling a favourable response to the new President Anura Kumara Dissanayake, who was sworn in yesterday.

Sri Lanka’s capital market is expected to adopt a cautious approach as it anticipates President-elect Anura Kumara Dissanayake’s inaugural speech, with investors seeking clarity on the future policy direction under his leadership.

Air China, one of China’s largest airlines, is set to launch daily flight operations to Sri Lanka, starting from October 2024.

Sri Lanka managed to make a significant breakthrough just days before the presidential election as it reached an agreement inSri Lanka managed to make a significant breakthrough just days before the presidential election as it reached an agreement in

The hit on Sri Lanka’s tourism sector is expected to only further aggravate, with a proper solution yet to be implemented.

Sri Lanka’s economy is experiencing a ‘Goldilocks’ moment, with growth accelerating while inflation remaining subdued and the external sector strengthening. Robust inflows from exports, tourism, and remittances have bolstered the country’s ec

The Rs.20 billion initial public offering (IPO) of LTL Holdings Ltd, which was scheduled to be opened yesterday, was postponed, as the Colombo Stock Exchange (CSE) sought further clarification to review the fresh information submitted by the company