Economy Archives - Page 5 of 6 - Lanka Business News

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 […]

June 26, 2020

Offers Special Low Interest Business Loans and Gold Loans to Businesses and Individuals Colombo June 25th, 2020: Stepping up its assistance to businesses and individuals affected by the global health and economic crisis, Sampath Bank rolled out a host of special business loans and gold loans under its Revive Sri Lanka initiative at a significantly […]

May 6, 2020

U.S. Ambassador to Sri Lanka Alaina Teplitz called on Prime Minister Mahinda Rajapaksa yesterday (05) morning in Colombo and discussed a host of issues, including the fight against the Coronavirus pandemic, post-COVID-19 economic challenges and ongoing collaborations. Speaking about the COVID-19 situation in the country, Ambassador Teplitz said, “We’re always hopeful that the […]

May 3, 2020

According to the World-renowned journal on Economics “the Economist”, Covid-19 hurts emerging economies in at least three ways: by locking down their populations, damaging their export earnings and deterring foreign capital. Even if the pandemic declines in the 2nd Half of the year, GDP (Gross Domestic Production) in developing countries, measured at purchasing-power parity, will be 6.6% […]

April 27, 2020

President Gotabaya Rajapaksa has appointed a Presidential Task Force in charge of Economic Revival and Poverty Eradication. It has been established under the powers vested in the President by the Constitution. The Task Force is responsible for reviving the economy and eradication of poverty while paying special attention to the challenges posed and opportunities that […]

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+)

Sampath Bank Revive Sri Lanka Continues to Power Revival of COVID Impacted Economy

US Ambassador Calls on Prime Minister Rajapaksa; Discusses COVID-19, Economy and Joint Collaborations

Sri Lanka among the worst hit emerging markets – The Economist

President appoints Presidential Task Force for economic revival and poverty elevation