economy

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…

China’s expanding web of Free Trade Agreements (FTAs) is often marketed as a blueprint for mutual prosperity. But beneath the surface lies a stark reality: these deals frequently serve as strategic instruments for Beijing, tilting the…

The Salt Producers’ Association has raised concerns over a shortage of salt in the local market, attributing the situation to a delay in the arrival of imported stocks. Chairman of the Association, Ganaka Amarasinghe, said that although…

The official reserve assets of Sri Lanka have dropped by 3% at the end of April, to USD 6.32 billion, the Central Bank of Sri Lanka said. Sri Lanka’s reserve assets were at USD 6.53 billion at the end of March.

The new government is focused on reducing the trade deficit with the United States in response to the reciprocal tariffs announced by US President Donald Trump, Deputy Minister of Economic Development Dr. Anil Jayantha Fernando announced.…

The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Overnight Policy Rate (OPR) of the Central Bank at its current level of 8.00 per cent. The Board has arrived at this decision, at its meeting…

The year-on-year GDP growth rate for the third quarter of 2024 has been reported as 5.5 percent of positive growth rate, the Department of Census and Statistics indicated. Accordingly, the GDP for the third quarter of 2024 at constant…

The Government of Sri Lanka has reduced the Special Commodity Levy imposed on imported big onions to Rs. 10 per kilogram, to be in effect during the period from December 01 to December 31, 2024. Accordingly, the government has implemented…

President’s Adviser on Economic and Financial Affairs Prof. Anil Jayantha says the International Monetary Fund (IMF) has agreed to enhance the relief measures provided to the people of Sri Lanka. He revealed that the relevant proposals…

State Minister of Finance Shehan Semasinghe has revealed that permission for the import of vehicles will be granted in the month of August. Accordingly, the state minister said that permission will be given for the import of vehicles…