Kuwait Times COLOMBO: Cash-strapped Sri Lanka on Wednesday announced a 15 percent increase in the electricity price to shore up revenues for the state-run utility, in line with conditions imposed by an IMF bailout. The Public Utilities Commission said it allowed the Ceylon Electricity Board (CEB) to charge the higher rates from Thursday, six months […]

Courtesy Derana

Courtesy Hiru News The Central Bank of Sri Lanka estimates that it will take at least another two to three years for the country’s economy to return to the level it was at in 2018. Dr. Chandranath Amarasekara, Assistant Governor of the Central Bank of Sri Lanka, made this statement while participating in a lecture […]

Courtesy Investing.com Investing.com — The Central Bank of Sri Lanka has announced an unexpected 25 basis point rate cut, capitalizing on the current period of low inflation. The bank appears less convinced about inflation reliably reaching 5% in the second half of 2025. The bank anticipates inflation to turn positive in the third quarter of […]

Courtesy The Peninsularqatar Photo by (Fazeena Saleem/The Peninsula.)Follow usnewsCopyA+A- AFP Colombo:Sri Lanka’s central bank cut its benchmark interest rate on Thursday, the first reduction in six months, with signs that the crisis-hit nation was emerging from its worst economic downturn. The single policy rate was reduced by 25 basis points to 7.75 percent, the Central […]

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Dasatha News

Courtesy AdaDerana Sri Lanka’s government has recorded a significant budget deficit of Rs. 498.28 billion in the first quarter of 2025, according to the Financial Performance Statement submitted to the Cabinet of Ministers. The Financial Performance Statement is presented periodically to the Cabinet  in line with Section 53 (1) of the Public Finance Management Act, […]

 lanka C news ජාත්‍යන්තර මූල්‍ය අරමුදල මෙරටට ලබා දී ඇති අරමුදල් වැඩසටහනේ ප්‍රගතිය මැන බැලීම සඳහා සිදුකළ සිව්වැනි සමාලෝචනයට විධායක කමිටු අනුමැතිය ලැබී එය සම්පූර්ණවීමට අවම වශයෙන් මාස කීපයක් ගතවනු ඇතැයි එම අරමුදලේ ශ්‍රී ලංකා දූත මණ්ඩල ප්‍රධානී එවන් පැපජෝජියෝ මහතා මාධ්‍ය හමුවකදී ප්‍රකාශ කළේය. කාර්ය මණ්ඩල එකඟතාවකට එළැඹීම මුල් පියවර පමණක් බවත් ඉන් පසුව […]

Courtesy Adaderana International Monetary Fund (IMF) Sri Lanka Mission Chief Evan Papageorgiou says Sri Lanka should restore cost-recovery electricity pricing as soon as possible to minimise fiscal risk and is essential to complete the fourth review of the Extended Fund Facility (EFF) program. He stated this in response to a question raised during a virtual […]

By Special Correspondent[i] Visual Aid: Cartoon Created with AI Assistance Introduction Sri Lanka has received substantial support from donor-funded development projects aimed at improving the economy and supporting social growth. However, a closer look reveals that many of these projects do not achieve their intended results. The pressing question is: How can Sri Lanka improve […]

Courtesy Lanka Leader ලෝක ආර්ථික පරිසරයේ අවිනිශ්චිත බව සැලකිල්ලට ගෙන ඊට මුහුණ දීම සඳහා ප්‍රතිපත්තිමය සූදානම ඉහළ නැංවීම අත්‍යවශ්‍ය බව ශ්‍රී ලංකා මහ බැංකුව පවසයි. විශේෂයෙන් නව නිදහස් වෙළෙඳ ගිවිසුම් සක්‍රීයව ක්‍රියාත්මක කිරීම සහ භාණ්ඩ වෙළෙඳාම වෙනස් වීමේ අවස්ථා ශ්‍රී ලංකාවට වාසිදායක අයුරින් යොදා ගැනීම සඳහා ප්‍රතිපත්තිමය සූදානම ඉහළ නැංවිය යුතු බවද මහ බැංකුව කියයි. […]

Courtesy Adaderana The Ceylon Chamber of Commerce (CCC) today expresses deep concern over the imposition of a 44% tariff on Sri Lankan exports to the United States. US President Donald Trump announced sweeping tariffs yesterday on major trade partners, including China and the European Union. With the US accounting for approximately USD 3 billion in […]

Harsha de Silva

Lanka Property Web Industry experts at the Lanka Property Show 2025 expressed confidence in Sri Lanka’s real estate sector, highlighting its potential for growth despite past economic challenges. While factors such as rising interest rates, currency depreciation, and fluctuating taxes previously impacted the market, experts were optimistic that stabilizing interest rates, exchange rates, and tax […]

https://www.fibre2fashion.com/ Insights Sri Lanka’s macroeconomic turnaround is ‘remarkable’ though many households are yet to feel the impact, according to two experts from the International Monetary Fund (IMF). They observed that the economy has rebounded strongly and quickly, growing by 5 per cent in 2024 and in a mere 18 months recovered just under half of […]

Courtesy Adaderana Sri Lanka’s central bank governor said monetary policy is appropriate” right now, as the South Asian nation’s economy and inflation are moving in line with their goals. The Central Bank of Sri Lanka held the overnight policy rate at 8% for the second straight meeting this year on Wednesday. The move was in […]

Courtesy Adaderana The Sri Lankan economy recorded a strong turnaround registering overall growth of 5% for 2024 amid renewed macroeconomic stability, says the Central Bank of Sri Lanka (CBSL). Meanwhile, the country’s economy grew 5.4% in the fourth quarter of 2024, the Census and Statistics Department said in a statement. The International Monetary Fund had […]

Hiru News 2025 ජනවාරි මාසයේදී පමණක් ශ්‍රී ලංකා රජය භාණ්ඩාගාර බිල්පත් වැනි දේශීය වෙළඳපොළෙන් රුපියල් බිලියන 700කට වඩා ණයට ගත් බව ආර්ථික විශ්ලේෂක තලාල් රාෆි පවසනවා. රූපවාහිනී සම්මුඛ සාකච්ඡාවක දී අදහස් දක්වමින් ඔහු සඳහන් කර තිබුණේ, අදාළ ණය ප්‍රමාණය වන රුපියල් බිලියන 700ක මුදල කොළඹ සිට කටුනායක දක්වා අධිවේගී මාර්ග අටක් ඉදි කිරීමට වැය වන […]

Advocata Plus

Courtesy The Island Dr. Nandalal Weerasinghe Governor of the Central Bank Dr. Nandalal Weerasinghe yesterday (14) emphasized the importance of promoting a sustainable and cost-effective construction industry in the country, highlighting key challenges and opportunities in the sector. Speaking at ‘Construction Expo 2025’, Dr. Weerasinghe underscored the need for Sri Lanka to align with global trends in sustainable construction, […]

Courtesy Adaderana Former Governor of the Central Bank of Sri Lanka (CBSL), Dr. Indrajith Coomaraswamy, addressed allegations regarding the surge in International Sovereign Bond (ISB) borrowings during his tenure that led to the country’s debt default, clarifying that much of the debt was used for liability management and to avert an earlier default. Speaking at […]

Courtesy Adaderana Property in Sri Lanka’s Colombo had risen 7.7 per cent in the second half of 2024 from a year earlier, according to a Land Valuation Indicator. According to the report, industrial land had risen 3.9 per cent in the first six months compared to a year earlier. Residential land had risen 9.9 per […]

Insight Written by Yunnan Chen, Tom Hart Courtesy ODI Global This year’s G20 presidency has shifted to South Africa, under which sovereign debt will be a key priority. South Africa is pushing for a review of the G20’s Common Framework (CF) for debt treatments, five years since its creation during the Covid-19 crisis in 2020. It was part of […]

Udaya Gammanpila

Courtesy Adaderana Sri Lanka’s budgeted expenditure for 2025 will likely lead to a wider fiscal deficit and slower-than-expected fiscal consolidation, Moody’s Ratings said on Tuesday, a day after the island nation unveiled its budget. Sri Lanka aims to transform its crisis-hit economy to prepare to resume debt repayments from 2028, President Anura Kumara Dissanayake said […]

Courtesy The Daily Mirror Sri Lanka’s inflation is expected to increase sizeably” in the third quarter this year (3Q25), with the possibility of it hovering around 2 percentage points above the inflation target in mid-2026, the Central Bank of Sri Lanka (CBSL) said in its monetary policy report that was released yesterday.Nonetheless, headline inflation is […]

by Dr Sirimewan Dharmaratne, former Senior Analyst, HMRC, UK. Mahinda Rajapaksa Although this may not be doable at all times, it is possible to retrospectively assess the economic impact of crucial decisions. While putting a value on a person may seem unethical or unconscionable, everyone has an economic value. Our lives are valued for myriad […]

 By Dirk Willem te Velde and Ganeshan Wignaraja Courtesy The Morning Sri Lanka’s experience offers valuable lessons for middle-income countries grappling with post-Covid debt distress. While the economy showed signs of stabilisation in mid-January – bolstered by positive growth, low inflation, a boom in tourism, and a bullish stock market – the challenges ahead are […]

Courtesy Hiru News The Central Bank of Sri Lanka and the People’s Bank of China, in December 2024, successfully renewed the Bilateral Currency Swap Agreement signed in 2021, for a period of another three (03) years, under the terms and conditions stipulated in the original agreement. The CNY 10 billion (approximately USD 1.4 billion) currency […]