economy

Sri Lanka expects to forge major deals in its debt restructuring this month as the International Monetary Fund (IMF) conducts the first review of its USD 3 billion loan program. Legislators this week are likely to pass a bill amending…

President Ranil Wickremesinghe highlighted Sri Lanka’s efforts to overhaul its economy, aiming for competitiveness, seeking new markets and attracting foreign investments and capital following the path of countries like Thailand, Indonesia…

Export Development Board (EDB) says Sri Lanka’s earnings from merchandise exports increased by 2.18% in July 2023 compared to June 2023. As per the provisional data released by Sri Lanka Customs, merchandise export earnings in July 2023…

The State Minister of Finance, Ranjith Siyambalapitiya says that legal action will be taken under the Penal Code against the organizations and individuals who are carrying out or involved in Pyramid schemes. Meanwhile on Thursday (Aug…

The Central Bank of Sri Lanka (CBSL) issued Financial Consumer Protection Regulations, No. 01 of 2023 in terms of Section 10 (c) of the Monetary Law Act, No.58 of 1949 and published the same in the Government Extraordinary Gazette No.…

The Central Bank of Sri Lanka (CBSL) is conducting special monitoring to determine if the lending rates have been adequately reduced by licensed commercial banks, Finance State Minister Ranjith Siyambalapitiya says. The lawmaker…

Aeroflot, the flagship carrier of Russia has confirmed plans to increase the frequency of flights between Moscow and the two island nations of Sri Lanka and Maldives. Accordingly, Aeroflot will increase the frequency of flights to…

During a recent discussion held at the Presidential Secretariat to address issues within the gem and jewellery industry, President Ranil Wickremesinghe urged officials to swiftly provide comprehensive plans for achieving the country’s…

President Ranil Wickremesinghe has urged the concept of modernisation in a bid to achieve rapid 21st-century economic growth and for the streamlining of bureaucratic systems, in order to save time and assist people. The Head of State…

Monetary policy transmission to the real economy in Sri Lanka is still incomplete, the governor of the country’s central bank, Dr. Nandalal Weerasinghe, said at a LSEG FX Community Event on Monday (Aug 7). Weerasinghe said he would like…