Economy Archives - Page 4 of 6

June 2, 2022

Industry Ready to Support the Economy and Government to Overcome Present Challenges Sri Lanka’s palm oil industry is a relatively small one, but it is in a position to have a larger positive impact on the economic future of our country. Palm oil is one of the most productive and lucrative cash crops available […]

May 25, 2022

On the second day of the Huawei Asia Pacific Digital Innovation Congress, the keynote of “Diving into Digital in Industries ” was successfully held. More than 1,000 business elites from various industries and government officers in the Asia Pacific region attended the event, sharing the challenges and practices in using innovative […]

May 15, 2022

Real Sector During the first three months of 2022, tea and rubber production decreased in comparison to the corresponding period of the previous year due to the unavailability of required fertilisers. However, coconut production increased considerably due to the lagged effect of favourable weather conditions that have prevailed since the latter part of 2020 and […]

May 9, 2022

In its standing as the National Body of Accountants, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on Thursday submitted a comprehensive set of proposals to the Ministry of Finance focusing on reviving the country’s economy from the ongoing crisis. A high-level delegation from CA Sri Lanka led […]

May 3, 2022

Sri Lanka is currently going through what appears to be a ‘once in a generation’ crisis, both economically and politically. How would this impact the country’s real estate market, particularly the market for residential condominiums? Firstly, it’s important to understand that unlike, say, manufacturing or services, the impact on condominiums will […]

March 21, 2022

SLASSCOM, Sri Lanka’s national chamber for the IT-BPM industry, FITIS, Federation of Information Technology Industry Sri Lanka, and CSSL, the Computer Society of Sri Lanka, congratulated the Government’s recent move to pass the new Personal Data Protection bill, as part of the country’s efforts to move towards a modern digital […]

March 14, 2022

The Alumni Association of the National Institute of Plantation Management (NIPM) held a webinar recently, to discuss the “Role of the Plantation Industry to Strengthen the Sri Lanka’s Economy”. The vibrant and timely webinar was organized by the Association’s recently appointed Committee, in line with their policy to share knowledge with […]

January 7, 2022

Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100), increased to 12.1 per cent in December 2021 from 9.9 per cent in November 2021. Meanwhile, on an annual average basis, the CCPI increased to 6.0 per cent in December 2021 from 5.3 per cent in November 2021. An […]

December 30, 2021

The Central Bank of Sri Lanka wishes to inform the general public that (as announced on 22 December 2021) expected foreign currency inflows are forthcoming and with the receipt of recent inflows, the official reserves position has now reached around US dollars 3.1 billion, and is expected to remain at such level by end […]

June 16, 2021

The Foreign Ministry regrets the adoption of a resolution on Sri Lanka in the European Parliament on 10 June 2021. The resolution entitled “The Situation in Sri Lanka, in particular the arrests under the Prevention of Terrorism Act”, contains factual inaccuracies, and does not take cognizance of the multifaceted progress made by Sri Lanka in […]

Statement by Palm Oil Industry Association (POIASL) of Sri Lanka

Huawei Joins Industry Partners to Share the Economy Opportunities of the Asia Pacific, and Signs 17 MoUs to Achieve New Collaboration

Weekly Economic Indicators 13-05-2022 – Central Bank of Sri Lanka

CA Sri Lanka submits wide-ranging proposals to finance ministry to help revive economy

Assessing the impact of the current crisis on Sri Lanka’s condominium sector

The ICT Industry lauds Government move to pass Personal Data Protection Bill

National Institute of Plantation Management’s Alumni Association Hosts Webinar to Discuss “Role of the Plantation Industry to Strengthen the Sri Lankan Economy”

CCPI based annual average headline inflation rises to 6.0 per cent, while Y-o-Y inflation increases to 12.1 per cent in December 2021

Realisation of Expected Foreign Currency Inflows and the Official Reserves Position

Sri Lanka’s Observations on the Resolution adopted in the EU Parliament (GSP+)