Courtesy The Daily Mirror Colombo, Dec. 15 (Daily Mirror) – Sri Lanka could face an economic crisis by the Sinhala New Year 2026, fueled by Cyclone Ditwah as it has been predicted by former President Ranil Wickremesinghe, United National Party (UNP) Deputy General Secretary Harin Fernando said today. Sri Lanka is moving towards a forex […]

Courtesy Hiru News COLOMBO, December 15, 2025: The World Bank Group has expressed deep sorrow over the devastation caused by Cyclone Ditwah in Sri Lanka. In response to the Government’s request, the Bank is making up to US$120 million in emergency support available by repurposing funds from ongoing projects. This assistance will help restore essential […]

Courtesy Hiru News The total damage caused by the recent adverse weather in Sri Lanka is estimated to be between US$6 billion and US$7 billion, according to Commissioner General of Essential Services Prabath Chandrakeerthi. Speaking to the media, he said this amount represents between 3% and 5% of the country’s Gross Domestic Product (GDP). An Economist’s estimate In an interview […]

Courtesy The Daily Mirror he International Monetary Fund (IMF) said it expects Sri Lanka’s economic activity to take a hit following the widespread destruction caused by Cyclone Ditwah, noting that the scale of damage will become clearer once authorities complete a rapid post-disaster assessment. IMF’s Director of the Communications Department Julie Kozack said, the Fund […]

Courtesy  The Daily Mirror Sri Lanka’s foreign currency debt repayment per annum from 2028 onwards is estimated at between US$ 3.25 billion to US$ 3.5 billion the most, should the current level of debt remain unchanged. Speaking at a media briefing, the Central Bank said Sri Lanka has to pay only up to US$ 2.75 […]

e-Con e-News blog: eesrilanka.wordpress.com ‘Before you study the economics, study the economists!’ e-Con e-News 16-22 November 2025 The US National Guard, historically used for terrorizing the USA’s allegedly unruly cities, has been called the ‘Ku Klux Klan (KKK) in uniform’. The KKK is the terrorist organization set up by former southern US slaveowners & Northern industrial […]

Courtesy The Daily Mirror By Shannine Daniel Vijay Chauhan Sri Lanka is at an advantageous position to bring in value-addition stages for its exports but to do so, significant focus needs to be given to bring in the necessary policies, infrastructure and administrative measures, said Deloitte India Executive Director Direct Tax Policy Vijay Chauhan.  Chauhan […]

උපුටා ගැන්ම  ලංකා ලීඩර් 2026 වසර සඳහා ශ්‍රී ලංකාව ඉදිරිපත් කර ඇති අයවැය අයිඑම්එෆ් ණය වැඩසටහනේ පරාමිතීන්ට අනුකූලව සකස් කර ඇත්දැයි ජාත්‍යන්තර මූල්‍ය අරමුදලේ කාර්ය මණ්ඩලය විසින් මේ වනවිට අධ්‍යයනය කරමින් සිටින බව අයිඑම්එෆ් සන්නිවේදන අධ්‍යක්ෂිකා ජූලි කොසැක් මහත්මිය පවසා ඇත. මෙම ඇගයීම ශ්‍රී ලංකාව සඳහා වන විස්තීර්ණ ණය වැඩසටහනේ පස්වැනි සමාලෝචනය සලකා බැලීම විධායක […]

Courtesy Adaderana The draft report prepared in accordance with Standing Order 121(5)(i) of Parliament regarding the Appropriation Bill for the Financial Year 2026 was considered at the meeting of the Committee on Public Finance (COPF). This discussion took place recently (11) in Parliament, under the chairmanship of Member of Parliament Dr. Harsha de Silva, according […]

උපුටා ගැන්ම ලංකා සී නිව්ස් මහා භාණ්ඩාගාරයේ ටි්‍රලියනක් පමණ ඉතිරිව තිබෙන්නේ යැයි කියන කථාව පිළිගත නොහැකි හුදු කතන්දරයක් පමණක් බවත් ආර්ථික විද්‍යාවට අනුව ශ්‍රී ලංකාවේ භාණ්ඩාගාරයේ මුදල් ඉතිරිවිය නොහැකි බවත් හිටපු අමාත්‍ය බන්දුල ගුණවර්ධන මහතා (13) පැවසීය. හිටපු අමාත්‍ය බන්දුල ගුණවර්ධන මහතා ‘අයිඑම්එෆ් ප්‍රකීර්ණ විසදුම්’ කෘතිය පිළිබඳව දැනුවත් කිරීම සඳහා නුගේගොඩදී (13) පැවැති මාධ්‍ය හමුවේදී එසේ පැවසීය. මෙරට ප්‍රධාන ජාතික ගැටලු දෙකක් ඇති අතර ආණ්ඩුවක් එදිනදා පවත්වාගෙන යෑමට ප්‍රමාණවත් ආදායමක් නොමැතිවීම හෙවත් ජංගම ගිණුමේ එසේ නැත්නම් වර්තන ගිණුමේ හිඟය එහිදී ප්‍රධාන […]

Courtesy The Daily Mirror Colombo, Nov. 7(Daily Mirror) – President Anura Kumara Dissanayake is currently presenting the Budget 2026 in Parliament, unveiling a series of allocations and reforms. So far, the proposals reflect a reform-driven and inclusive direction — highlighting investments in health services, digital infrastructure, education, and support for vulnerable groups. The budget emphasizes fiscal consolidation, digital […]

By bno – Mumbai bureau November 7, 2025 Sri Lanka’s economy has shown solid signs of recovery in 2025, but the rebound remains partial, with output still below pre-crisis levels and poverty rates significantly elevated, according to the World Bank’s latest Sri Lanka Development Update titled Better Spending for All. The report projects growth of 4.6% in 2025, supported […]

Courtesy The Daily Mirror Today is the budget day. The NPP government, under the leadership of President Anura Kumara Dissanayake, will present its second maiden budget today when the country is at a critical juncture between hard-won stabilisation and the promise of sustainable growth. The past two years have been spent under the IMF programme, […]

උපුටා ගැන්ම ලංකා සී නිව්ස් ජාත්‍යන්තර මූල්‍ය අරමුදලේ නිර්දේශ අනුව 2024 වසරේ අප සතුව ඩොලර් බිලියන 6ක විදේශ සංචිතයක් තිබිය යුතු බව හිටපු අමාත්‍ය, පිවිතුරු හෙළ උරුමයේ නායක උදය ගම්මන්පිල පවසයි. ඔහු පෙන්වා දෙන්නේ එම සංචිත ප්‍රමාණය හිටපු ජනාධිපති රනිල් වික්‍රමසිංහ කජු කමින් ලෝකෙ වටේ ඇවිදිමින් ගොඩනඟා තිබූ බවයි. 2025 වසරේ ඩොලර් බිලියන 8ක විදේශ […]

Courtesy The Daily Mirror Colombo, Oct. 31 (Daily Mirror) – Sri Lanka is the second most expensive South Asian Association for Regional Cooperation (SAARC) country to live with cost of living for an individual being $506 or Rs. 153,899 excluding rent to live a comfortable life according to Numbeo, a user-generated cost-of-living statistics website. According […]

Courtesy The Daily Mirror Colombo, Oct 29 (Daily Mirror) – The International Monetary Fund (IMF) has projected that Sri Lanka’s economy will grow by 3.1% in 2026, reflecting a gradual return to its long-term trend, officials said. Thomas Helbling, Deputy Director of the IMF’s Asia and Pacific Department, made the announcement during a press conference […]

Courtesy The Daily Mirror Sri Lanka’s export engine continued to gather pace this year with steady growth delivered across both goods and services. Provisional data released by the Export Development Board (EDB) showed that total export earnings climbed to US$ 12. 98 billion in the first nine months of 2025, which is a 7 percent […]

උපුටා ගැන්ම ලංකා සී නිව්ස් ගෝලීය ණය ශ්‍රේණිගත කිරීමේ ආයතනයක් වන මූඩිස් (Moody’s) මෑතකදී නිකුත් කළ වාර්තාවකින් පෙන්වා දෙන්නේ, ශ්‍රී ලංකාවේ ආර්ථිකය යථා තත්ත්වයට පත් කිරීමේ ක්‍රියාවලිය බොහෝ දුරට නිවැරදි මඟක ගමන් කරන නමුත්, ඊට බාධා එල්ල කරන සාධක කිහිපයක් පවතින බවයි. ඔවුන් පෙන්වා දෙන පරිදි, රටේ ඉහළ ණය බර, මූල්‍ය අවකාශයේ සීමිත බව සහ […]

ශ්‍යාම් නුවන් ගනේවත්ත Divaina පසුගිය කාලයේ මුහුණදුන් දරුණුතම ආර්ථික අර්බුදවලින් මිදී ආර්ථිකය ස්ථාවර වෙමින් පවතින නමුත්, එවන් තත්ත්වයක් නැවත ඇතිවීමේ සැලකිය යුතු අවදානමක් පවතින බව ස්වාධීන අධ්‍යයන කණ්ඩායමක් විසින් සකසන ලද වාර්තාවක් මගින් අනතුරු අඟවා ඇත. ශ්‍රී ලංකාව වර්තමානය වන විට තීරණාත්මක සන්ධිස්ථානයක සිටින බව පෙන්වාදෙන එම වාර්තාව මගින්, මෙකී අවදානම හේතුවෙන් දැන් අත්කරගනිමින් පවතින […]

Courtesy fibre2fashion Insights Sri Lanka’s recent economic rebound has been strong but remains incomplete, with growth still below pre-crisis levels and poverty significantly elevated, the World Bank said in its latest Sri Lanka Development Update – Better Spending for All. The report projects the economy to expand by 4.6 per cent in 2025, supported by […]

By A. Jathindra, courtesy Eurasia Review Recent reports have sparked serious concerns about Sri Lanka’s economic future. The country continues to struggle to recover from its lowest point, and prospects for economic stability remain uncertain. As the National People’s Power (NPP) government marks its first year in office, both the U.S. State Department and the Asian […]

Courtesy BSS News COLOMBO, Sept 30, 2025 (BSS/AFP) – Sri Lanka’s inflation rose to its highest level in 14 months in September due to higher costs for food, health and education, the country’s statistics office said Tuesday. Year-on-year inflation was 1.5 percent, up from 1.2 percent in August and compared with a deflation of 0.5 percent a year […]

e-Con e-News blog: eesrilanka.wordpress.com ‘Before you study the economics, study the economists!’ e-Con e-News 21-27 September 2025 England’s Hongkong & Shanghai Banking Corporation (HSBC) this week sold certain retail ‘assets’ in Sri Lanka to the Nations Trust Bank (NTB) for Rs18billion – so, the merchant media tells us. HSBC claims this ‘exit from retail is […]

The Pathfinder Foundation The Pathfinder Foundation held its inaugural policy dialogue with the Chintan Research Foundation (CRF) of India at the Galle Face Hotel in Colombo. The discussion centred on the theme Strengthening Economic and Strategic Partnerships for Shared Growth”. It assembled an impressive gathering of industry experts, scholars, civil society organisation representatives, and key […]

Courtesy Hiru News Remittances from Sri Lankan migrant workers have shown significant growth, reaching $5.11 billion in the first eight months of 2025, a 19.3% increase from the same period in the previous year. This positive trend is expected to continue, with the Sri Lanka Bureau of Foreign Employment (SLBFE) projecting total remittances to reach […]

Courtesy Hiru News The country could become bankrupt again in 2028, just as it did in 2022, if it continues on its current path, warns Opposition Leader Sajith Premadasa. He made the remarks yesterday (31) while addressing the Ampara District Samagi Jana Balawegaya Local Government Councillors’ Forum. Premadasa stated that the country is currently in […]

By Anuka Vimuthi Silva and Amali Wedagedara, Courtesy Al Jazeera From Africa to Asia to Latin America, billions go hungry while creditors profit. Sri Lanka is undergoing one of the most complex economic recoveries in its history. The country’s financial collapse in 2022 was precipitated by a toxic mix of unsustainable borrowing, poor fiscal management, and external shocks. […]

Courtesy Adaderana Discussions held with US authorities aimed at reducing the higher reciprocal tariff rate announced by US President Donald Trump have not been successful thus far, Minister of Industry and Entrepreneurship Development Sunil Handunneththi has acknowledged. Although several discussions were held with US authorities, Sri Lanka has been unsuccessful in striking a deal to […]

විමුක්ති එස් රුද්‍රිගු උපුටාගැණීම ලංකාදීප ලබන වසරේ අයවැය ජාත්‍යන්තර මූල්‍ය අරමුදල මෙරටට ලබාදී ඇති අරමුදල් වැඩසටහනේ කැපවීම්වලට අනුකූලව සකස් විය යුතු බවත් ජනපති ට්‍රම්ප් මෙරට අපනයනයන් සඳහා පනවා ඇති තීරු බද්දෙන් ශ්‍රී ලංකාවේ ආර්ථික වර්ධනය මන්දගාමී වීමේ අවදානමක් තිබෙන බවත් ජාත්‍යන්තර මූල්‍ය අරමුදලේ මෙරට මෙහෙයුම් ප්‍රධානී එවන් පැපජෝජියෝ මහතා (25) ප්‍රකාශ කළේය. 2026 වසරේ අයවැය […]

Courtesy Adaderana In a decisive move to strengthen macroprudential policy and mitigate systemic financial risks, the Central Bank of Sri Lanka (CBSL), acting as the Macroprudential Authority, has issued new Directions to licensed financial institutions to impose maximum caps on loan-to-value (LTV) ratios for vehicle-related credit facilities. The directive, which takes effect from 18 July […]