Sri Lanka aims to halve debt servicing costs, central bank chief says COLOMBO: Sri Lanka is committed to achieving debt sustainability at the earliest and aims to halve the servicing... Published 07 May, 2024 02:41pm
Markets Sri Lanka shares end higher as consumer staples, industrials rise Sri Lankan shares closed higher on Monday, aided by consumer staples and industrials stocks. The CSE All-Share index... Published 29 Apr, 2024 04:54pm
World Sri Lanka leases white elephant airport built with Chinese loans COLOMBO: Sri Lanka said Friday it had leased a white elephant international airport built with Chinese loans to a... Published 26 Apr, 2024 05:07pm
World Sri Lanka’s inflation drops to 2.5% in March COLOMBO: Sri Lanka’s consumer price inflation dropped to 2.5% in March from 5.1% in February, official data showed... Published 22 Apr, 2024 03:32pm
World Sri Lanka records first growth after debt default COLOMBO: Sri Lanka’s economy grew in the September quarter, the central bank said Saturday, its first expansion... Published 16 Dec, 2023 03:21pm
World Sri Lanka grows 1.6% in Q3, first economic expansion in six quarters COLOMBO: Sri Lanka’s economy grew by 1.6% in the quarter from July to September for the first time in six quarters,... Published 15 Dec, 2023 05:06pm
World Sri Lanka approves VAT hike to 18% ahead of IMF review COLOMBO: Sri Lanka’s parliament approved a hike in value-added tax (VAT)to 18% from 15% on Monday ahead of the... Published 11 Dec, 2023 07:09pm
Business & Finance Sri Lanka expects second tranche of IMF programme on Dec. 12 Sri Lanka expects the second tranche of its IMF programme on Dec. 12, cabinet spokesperson and transport minister... Published 06 Dec, 2023 02:31pm
World Sri Lanka inflation doubles ahead of debt deal COLOMBO: Sri Lanka’s inflation more than doubled to 3.4 percent in November, the statistics office said Thursday, a... Published 30 Nov, 2023 06:01pm
World Sri Lankan economy to see growth next year after 3.8% contraction, says World Bank COLOMBO: Sri Lanka’s economy is set to perform better than expected but still see a significant contraction in 2023... Published 03 Oct, 2023 12:10pm
World Sri Lanka’s creditors likely to reach debt reduction deal in Oct TOKYO: Sri Lanka’s major creditors such as Japan, India and France are likely to reach a broad agreement this month... Published 02 Oct, 2023 04:37pm
Markets Sri Lanka August consumer price inflation eases to 2.1% COLOMBO: Sri Lanka’s consumer price inflation rate eased to 2.1% year-on-year in August from 4.6% in July, helped by... Published 21 Sep, 2023 02:44pm
World Sri Lanka’s economy shrank 3.1% in Q2 amid financial crisis COLOMBO: Sri Lanka’s economy shrank 3.1% in the April-June quarter, official data showed on Friday, as the country... Published 15 Sep, 2023 04:50pm
World Pakistan among countries in grip of debt problems LONDON: The persistent and damaging debt problems gripping a number of developing world nations will be a core topic... Published 03 Sep, 2023 02:57pm
World Sri Lanka records lowest inflation since economic crisis COLOMBO: Inflation in crisis-hit Sri Lanka eased to 4.0 percent in August, the lowest since before last year’s... Published 01 Sep, 2023 12:01pm
World Inflation eases sharply in bankrupt Sri Lanka COLOMBO: Sri Lanka's inflation eased to 12 percent in June, official data showed Saturday, the lowest figures since... Updated 01 Jul, 2023 09:42pm
World Sri Lanka president to hold debt talks on France visit COLOMBO: Sri Lanka’s President Ranil Wickremesinghe is likely to discuss the crisis-stricken nation’s debt with... Updated 13 Jun, 2023 12:47pm
Markets Sri Lankan shares end higher buoyed by financials, consumer staples Sri Lankan shares closed higher on Monday, helped by financial and consumer staple stocks. The CSE All Share index... Published 12 Jun, 2023 04:57pm
World Sri Lanka lifts import limits on 286 items as crisis eases COLOMBO: Sri Lanka lifted import restrictions on 286 items, the Finance Ministry said on Saturday, a fresh sign the... Published 10 Jun, 2023 02:09pm
Markets Sri Lankan shares rise as central bank cuts rates, signals rebound from crisis Sri Lankan shares rose on Thursday after the country’s central bank cut key interest rates by 250 basis points on... Published 01 Jun, 2023 12:06pm
World Debt-ridden Sri Lanka gets $350mn loan boost from Asian Development Bank COLOMBO: The Asian Development Bank (ADB) on Monday approved a $350 million special policy-based loan to provide... Published 29 May, 2023 02:01pm
World Sri Lanka could wrap up debt restructure talks by Sept, president says TOKYO: Crisis-stricken Sri Lanka should be able to conclude newly-launched debt restructuring talks by September, or... Published 25 May, 2023 09:21am
World Sri Lanka expects FDI to jump to $1.3bn with India taking lead COLOMBO: Sri Lanka is expecting foreign direct investment inflows to rise by a fifth to $1.3 billion this year, a... Published 24 May, 2023 06:34pm
World Sri Lanka seeks reclassification for cheaper ADB funding Sri Lanka’s Foreign Minister Ali Sabry met the vice president of the Asian Development Bank on Tuesday seeking a... Published 02 May, 2023 02:17pm
World Sri Lanka’s inflation dips as IMF bailout kicks in COLOMBO: Cash-strapped Sri Lanka’s inflation eased to 35.3 percent, the lowest in a year, the statistics office said... Published 28 Apr, 2023 08:52pm
Business & Finance Sri Lanka’s key inflation rate eases to 35.3% in April COLOMBO: Sri Lanka’s key inflation rate eased to 35.3% in April from 50.3% in March, the statistics department said... Published 28 Apr, 2023 03:14pm
World Sri Lanka’s economy to shrink by 2% in 2023 NEW DELHI: Sri Lanka’s economy is expected to shrink by 2% in 2023, its central bank said in an annual report on... Published 27 Apr, 2023 05:22pm
World Sri Lanka expects to finalise domestic debt rework by May LONDON/COLOMBO: Sri Lanka will kick off a reworking of part of its domestic debt next month and aims to finalise it... Published 30 Mar, 2023 08:31pm
World Sri Lanka’s economy shrinks 7.8% in 2022 COLOMBO: Sri Lanka’s economy shrank 7.8% in 2022 from a year ago, government data showed on Wednesday, as the... Published 15 Mar, 2023 05:23pm
World Sri Lanka president says no side arrangements with any creditor COLOMBO: Sri Lanka will not make side arrangements with any of its bilateral or commercial creditors to reduce the... Published 14 Mar, 2023 08:43pm
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees
