economy

Indian Prime Minister Narendra Modi announced that he was pleased to welcome Sri Lankan Prime Minister Harini Amarasuriya for discussions on a wide range of bilateral and regional matters. Posting on X (formerly Twitter), Prime Minister…

The price of gold has surpassed USD 3,950 per ounce for the first time in history, global market data indicates. In response to the surge, gold prices in Sri Lanka have increased by approximately Rs. 8,000 compared to Saturday’s rates.…

Following the lifting of restrictions on vehicle imports, the Central Bank of Sri Lanka (CBSL) has reported that the country spent US$1,007.5 million on vehicle imports during the eight-month period from January to August 2025. This was…

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…