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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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ஆக தேர்வு செய்க
Sri Lanka's budget will strive to return economy to growth, meet IMF targets
Sri Lanka's upcoming 2024 budget announcement faces a delicate balancing act. The government aims to sustain an IMF-led bailout by increasing revenue through tax raises while steering the crisis-stricken economy towards growth. President...
2023-11-13
Reuters
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Rs. 700 b tourism debt bomb ticking
The Sri Lankan tourism industry is facing a dire situation with an outstanding debt of Rs. 700 billion, described by analysts as 'unsustainable' and in need of urgent attention from the Government and the banking sector. During a pre...
2023-11-13
Daily Ft
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Sri Lanka official remittances up 46-pct in October on improved exchange rate policies
In October 2023, Sri Lanka's official remittances surged to $517.4 million, a 46% increase from a year prior, attributed to improved exchange rates and expatriates sending more earnings. Despite this rise, official remittances have decre...
2023-11-11
Economy Next
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Sri Lanka jacks up sugar price sharply after failing to meet IMF revenue target
Sri Lanka has increased the special commodity levy (SCL) on sugar from 0.25 rupees to 50 rupees as of November 2, as per a government document signed by President Ranil Wickremesinghe in his capacity as Finance Minister. This move comes afte...
2023-11-06
Economy Next
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