Economy

India overtakes Japan to become the fourth largest economy in the world, Aayog CEO BVR Subrahmanyam has said. Subrahmanyam says the overall geopolitical and economic environment is favourable to India. “We are the fourth largest economy…

Gold prices in Sri Lanka have seen a notable increase once again, according to the latest market data from the Colombo Gold Centre. As of this morning (21), the price of a ‘sovereign’ of 22-carat gold at Sea Street in Colombo 11 has…

Colombo, Sri Lanka – Chinese Commerce Minister Wang Wentao is anticipated to visit Sri Lanka in June, a visit that sources suggest may see Beijing press Colombo to expedite the finalization of a controversial Free Trade Agreement (FTA).…

Despite a significant rise in US tariffs, most major global currencies have appreciated against the US dollar since the start of the year, according to Fitch Ratings’ latest FX Market Monitor. Fitch notes that developed market…

Sri Lanka’s government formed a working group aimed at evaluating the repercussions of the US’ tariffs on Sri Lanka goods, which will impact its fashion export sector. JAAF, whose members include the Sri Lanka Apparel Exporters…

Asian shares nosedived on Monday after the meltdown Friday on Wall Street over U.S. President Donald Trump's tariff hikes and the backlash from Beijing. U.S. futures also signaled further weakness. The future…

IndiGo has announced the launch of daily direct flights between Tiruchirappalli (Trichy) in Tamil Nadu and Jaffna in northern Sri Lanka, which will commence from March 30, 2025. The new route has been introduced to meet increasing demand…

Sri Lanka’s Purchasing Managers’ Index (PMI) for January 2025 recorded growth in both manufacturing and services sectors. The latest report of the Central Bank of Sri Lanka (CBSL) indicated that the Manufacturing PMI climbed to 59 in…

Former Deputy Governor of the Central Bank of Sri Lanka (CBSL) Dr. W.A. Wijewardena is of the view that the government is constrained by its agreement with the International Monetary Fund (IMF) and the benchmarks set by the Economic…

Vietnam’s Ambassador to Sri Lanka Trinh Thi Tam had visited Sri Lanka’s Hayleys group in a bid to boost economic co-operation between the two countries. During a meeting with Hayleys officials led by Chairman Mohan Pandithage, had…