Sri Lanka’s exports reached the highest levels so far this year, buttressed by the recovery seen in garment exports as of late but the deficit in the merchandise trade account expanded due to the faster increase in imports.

Sri Lanka’s export performance expanded 4.18 percent year-on-year (YoY) in August, recording a revenue amounting to US $ 1.16 billion.

Credit to the private sector which is used as one of the key barometers to determine the health of the economy grew at a brisk pace in August from a month ago, continuing the months-long growth in credit to the real economy.

The Central Bank left the key policy rates unchanged yesterday at its fifth monetary policy review for the year, as inflation remains well below its medium-term target of 5.0 percent, while the previous rate cuts are doing their job by way of convert

Sri Lanka’s Consumer confidence dropped marginally in August 2024 in lead-up to Presidential election, the Institute for Health Policy (IHP) survey showed.

President Anura Kumara Dissanayake in his inaugural address to the nation last evening pledged to prioritise economic stability and restore confidence in the country’s recovery. Dissanayake announced that his government would immediately initiate n

Sri Lanka’s construction industry, still struggling to regain momentum despite modest growth, said the newly elected president faces the challenging task of steering the sector’s recovery and reshaping its development path. In a congratulatory me

The Colombo bourse yesterday closed in green in continuing with the bullish sentiment, signalling a favourable response to the new President Anura Kumara Dissanayake, who was sworn in yesterday.

Sri Lanka’s capital market is expected to adopt a cautious approach as it anticipates President-elect Anura Kumara Dissanayake’s inaugural speech, with investors seeking clarity on the future policy direction under his leadership.

Air China, one of China’s largest airlines, is set to launch daily flight operations to Sri Lanka, starting from October 2024.

Sri Lanka managed to make a significant breakthrough just days before the presidential election as it reached an agreement inSri Lanka managed to make a significant breakthrough just days before the presidential election as it reached an agreement in

The hit on Sri Lanka’s tourism sector is expected to only further aggravate, with a proper solution yet to be implemented.

Sri Lanka’s economy is experiencing a ‘Goldilocks’ moment, with growth accelerating while inflation remaining subdued and the external sector strengthening. Robust inflows from exports, tourism, and remittances have bolstered the country’s ec

The Rs.20 billion initial public offering (IPO) of LTL Holdings Ltd, which was scheduled to be opened yesterday, was postponed, as the Colombo Stock Exchange (CSE) sought further clarification to review the fresh information submitted by the company

Corporate earnings of Sri Lanka’s public quoted companies more than doubled indicating a strong performance in the second quarter of 2024/2025 FY facilitated by a notable growth in the top-line and steep reduction in finance costs, according to CAL

Sri Lanka’s tour operators are witnessing a spike in cancellations, as the ongoing visa delays frustrate tourists and this is threatening the country’s tourism recovery.

Sri Lanka’s local business community stands to gain from a major revision of the country’s import tax structure, with the government announcing new measures to reduce costs and boost domestic production.

Sri Lanka could be committing an “intergenerational sin” by accumulating excessive sovereign debt, potentially leaving future generations unable to manage the country’s financial future, warned University of Edinburgh Honorary Professor Lee C.

Sri Lanka’s tourism industry is at risk of a winter season collapse due to delays in reactivating the Electronic Travel Authorisation (ETA) system, stakeholders warned this week.

The Free Trade Zone Manufacturers’ Association (FTZMA), in a strongly worded letter to the Board of Investment (BOI), called for immediate intervention to resolve the issues in obtaining business visa to Sri Lanka for foreign nationals.

Sri Lanka’s tourism industry is grappling with lower number of licensed tour guides, which could threaten the country’s ability to cater to the expected five million visitors by 2030.

As all political manifestos, ahead of the elections, are filled with promises about boosting exports, the Joint Apparel Association Forum (JAAF), the apex body of Sri Lanka’s apparel sector, voiced sharp criticism regarding the inconsistency in tra

Sri Lanka’s leading fully integrated power sector conglomerate, LTL Holdings Ltd announced the largest IPO to date on Colombo Stock Exchange (CSE), with plans to raise up to Rs.20 billion by offering 22.3 percent stake in the company.

The tourist arrivals in August fell furthest away from the target seen so far during the year, according to the provisional data released by the Sri Lanka Tourism Development Authority.

Merchandise trade deficit, what Sri Lanka spent for its imports over its exports, expanded in July and so was for the cumulative seven months as imports gained pace with the economy normalising.

Inflation in the Colombo district slowed sharply in August, as both food and non-food prices cooled after the government started cutting the tariffs of the utilities and fuel, ameliorating the price pressures through the supply chains.

As Sri Lanka prepares for its presidential elections on 21 September, candidates are unveiling their economic strategies, which could shape the country’s future.

While the current International Monetary Fund (IMF)-backed debt sustainability path presents no silver bullet for the economy, possible attempts to stall the reforms in the aftermath of the upcoming presidential elections are likely to result in a su

As Sri Lanka will see some major changes in about three weeks time with the upcoming Presidential election, President Ranil Wickremesinghe asserted that to sustain economic growth, it’s vital to adhere to the agreement with the International Moneta

Sri Lanka’s apparel sector performance expanded in the month of July from the corresponding period of the previous year, indicating an improvement in the order books.