Sri Lanka to Establish Doppler Weather Radar at Puttalam with JICA Funding
Sri Lanka is set to establish a Doppler weather radar in Puttalam, thanks to funding from the Japan International Cooperation Agency (JICA). This initiative is …
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Sri Lanka and India Exchange Protocol to Revise Agreement on Avoidance of Double Taxation
In a step towards enhancing economic cooperation, the Protocol for amending the Agreement on the Avoidance of Double Taxation was exchanged during President …
Sri Lanka’s GDP Growth at 5.5-pct in Q3 2024
Sri Lanka has experienced a economic upturn, with the Gross Domestic Product (GDP) expanding by 5.5% in the third quarter of 2024 compared to the same period …
Sri Lanka Tourist Arrivals YoY Increased by 22-pct in November
Sri Lanka's tourism sector continues to show strong recovery and growth, as evidenced by a 21.6% year-on-year increase in foreign tourist arrivals for November …
TISL Unveils Landmark Research on Private Sector Corruption Risks
Transparency International Sri Lanka (TISL) launched its 'Corruption Risk Mapping Research: A Study on Sri Lanka’s Private Sector' on December 12 at the …
UK-Sri Lanka Trade Mission Boosts Women Entrepreneurs’ Export Potential
The Sri Lanka Export Development Board (EDB) and the International Trade Centre (ITC) co-organized a series of factory visits as part of the UK-Sri Lanka Trade …
Moody’s places Sri Lanka’s long-term foreign currency issuer rating on review for upgrade
Moody's Ratings (Moody's) has announced a review for a potential upgrade of the Government of Sri Lanka's Ca long-term foreign currency issuer rating, which …
IMF Managing Director Kristalina Georgieva Issues Statement to Financial Community on Sri Lanka
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement about Sri Lanka to Members of the Financial …
IMF Staff-Level Agreement on Third Review of EFF Expected This Week: President Says Parliament
The President announced in Parliament that a staff-level agreement (SLA) with the International Monetary Fund (IMF) on the third review of Sri Lanka's Extended …
IMF to Return to Sri Lanka for Crucial Third Review Soon
In a recent press briefing, the International Monetary Fund (IMF) announced that a mission will soon return to Sri Lanka to continue negotiations for the third …
Sri Lanka Uses Tea Exports to Payoff USD 55mn of USD 251mn Iran Fuel Debt – Tea Board
Under the Memorandum of Understanding between Iran and Sri Lanka, Sri Lanka commenced the repayment of its USD 250.9 million fuel debt to Iran through tea …
Sri Lanka’s Central Bank Governor Discusses Cryptocurrency Regulation Amidst Calls for Relaxation
In a press conference held today, Sri Lanka’s Central Bank Governor, Nandalal Weerasinghe, reiterated his concerns over the use of cryptocurrencies, which …
Sri Lanka’s Mobile Network Performance Lags Behind in South Asia: Analysis
In a recent analysis by Opensignal, which examined the mobile network experiences of smartphone users across the six most populated countries in South Asia, …
VAT to be increased to 18-pct from January; coverage will be expanded to meet targets agreed with IMF
The current Value Added Tax (VAT) rate is to be increased to 18% with effect from 01-01-2024, and to impose the tax on certain goods and services to which the …
IMF & World Bank promote narrow means-tested programs with high error rates: Human Rights Watch
The IMF and World Bank recognize that people need support, but then they promote narrow means-tested programs that—both by design and due to chronically high …
Rs 12Tn loss to EPF is a misrepresentation of opportunity loss: CB Governor
Sri Lanka's Central Bank chief on Thursday disputed the claim that the Employees’ Provident Fund (EPF) would lose a staggering 12 trillion rupees (USD39 …
IMF asks Sri Lanka to resolve uncertainty surrounding local debt restructuring
The International Monetary Fund is requesting Sri Lankan authorities to resolve the uncertainty surrounding the domestic debt restructuring and control the …
Creditor committee to ensure comparable treatment; IMF expects negotiations to end by 1st program review
IMF Deputy Managing Director says that it is encouraging to see official creditors organizing themselves around a coordinated platform which helps ensure the …
Creditors’ Meeting launched; Japan, India & France agree on swift debt restructuring negotiation for SL
Japan, India, and France in the margins of the Spring Meetings on Thursday formally launched the Creditors’ Meeting on Sri Lanka's debt restructuring …
Japan, India & France to announce the launch of debt restructuring negotiation process on Sri Lanka
Japan, India, and France will hold a press briefing on Thursday in the margins of the Spring Meetings to announce the launch of the debt restructuring …