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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 cuts super diesel by Rs72, Octane 95 by Rs7
The state-run Ceylon Petroleum Corporation (CPC) has implemented significant price reductions for fuel effective from midnight on March 31. Super diesel Euro 4 sees a substantial cut of 72 rupees per litre, now priced at 386 rupees, while pe...
2024-03-31
Economy Next
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Sri Lanka trade deficit up 77-pct to Feb, imports surge, rupee appreciates
In February 2024, Sri Lanka experienced a significant widening of its trade deficit, which surged by 817 percent to $319 million compared to $39 million previously. This was accompanied by a notable 35 percent increase in imports, while merc...
2024-03-29
Economy Next
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Cabinet nod to increase national minimum wage to Rs. 17,500
The Cabinet of Ministers in Sri Lanka has approved a proposal to increase the national minimum wage by Rs. 5,000. As a result, the minimum wage will rise from Rs. 12,500 to Rs. 17,500. This decision comes following a recommendation from a te...
2024-03-27
Daily Mirror
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Sri Lanka central bank cuts rates 50 basis points to 9.50-pct
Sri Lanka's central bank has reduced its policy corridor by 50 basis points, with rates now set at 8.50 percent (floor) and 9.50 percent (ceiling), attributing the move to stable external conditions and low inflation. Factors such as sub...
2024-03-26
Economy Next
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