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Sri Lanka annual GDP growth projected to be around 4.5% – 5 % in 2024
Sri Lanka's 2024 economic outlook shows 4.5%-5% GDP growth, rising inflation, stabilized interest rates boosting private sector credit, and strengthened external resilience through tourism earnings, remittances, and...
2024-11-28
Daily News
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Sri Lanka Shows Signs of Recovery but Must Maintain Reform Momentum
The Asian Development Bank's (ADB) recent Asian Development Outlook (ADO) for April 2024 projects a moderate economic recovery for Sri Lanka, with growth rates estimated at 1.9% for 2024 and 2.5% for 2025 after two consecutive years of c...
2024-04-11
Asian Development Bank
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SCL tax revenue lost to Govt. as importers enjoy huge profits
The Sri Lankan government's tax revenue is experiencing a continual decline due to the inadequacy of adjusting the Special Commodity Levy (SCL) in proportion to the US dollar (USD), leading to excessive profits for traders. This has resu...
2024-04-09
The Morning
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Sri Lanka cabinet approves revised electricity reform bill
Sri Lanka's cabinet approved a revised electricity reform bill that will be presented to parliament by the end of April. This bill, linked to a $100 million loan from the Asian Development Bank, aims to restructure the Ceylon Electricity...
2024-04-09
Economy Next
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Sri Lanka state workers, military given Rs107bn in April salaries
In April, Sri Lanka's Treasury released 107 billion rupees to state workers for their salaries, which includes an increment, as announced by State Minister for Finance Ranjith Siyambalapitiya. The usual monthly salary bill amounts to aro...
2024-04-09
Economy Next
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