Transparency in Corporate Reporting Assessment reveals marginal improvement by SL companies
According to the Transparency in Corporate Reporting Assessment (TRAC) 2021 publication which was unveiled today (Feb 1), companies in Sri Lanka have been …
According to the Transparency in Corporate Reporting Assessment (TRAC) 2021 publication which was unveiled today (Feb 1), companies in Sri Lanka have been …
Sri Lanka is currently facing an acute energy crisis, primarily due to the country’s reliance on imported fossil fuel. The solution to this is for the …
A Memorandum of Understanding signed recently between the Ceylon Chamber of Commerce and the Maldives National Chamber of Commerce and Industry (MNCCI) will …
Fitch Ratings has downgraded Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CC', from 'CCC'. Fitch typically does not assign Outlooks …
By Dr. Dushni Weerakoon: Sovereign debt restructuring can be pre-emptive or post-default. A default is inherently costly as it can result in a sustained loss …
Sri Lanka's Central Bank says that S&P’s assessment to downgrade the rating has clearly failed to recognise the recent progress made by the Government …
By Chair of our Academic Programme and former Economic Adviser at the World Bank, Dr. Sarath Rajapatirana, and our Senior Research Fellow, and former Director …
Asian Development Bank (ADB) Vice President Shixin Chen stated that the Bank is ready to provide funds to restructure several state-owned enterprises. Vice …
The fiscal relief package recently introduced in Sri Lanka reduces the scope for fiscal and debt consolidation at a time when fiscal flexibility is already …
Central Bank emphasizes that it is not mandatory for Sri Lankans working abroad to convert their remittances into LKR and migrant workers who channel their …
Sri Lanka’s official reserve assets were 3.1 billion US dollars (USD 3,137.6 mn) by the end of December, up from 1.6 billion US dollars in November, the …
Daraz is entering a new phase of its journey towards creating exceptional user experiences and developing a digitized ecosystem. Embarking on an exciting …
By Mithara Fonseka and Kavishka Indraratna In 2016, Sri Lanka ratified its Trade Facilitation Agreement (TFA) with the WTO and in 2017 a Secretariat was …
Advocata’s Bath Curry Indicator (BCI) , which tracks the monthly changes in the retail price of food, recorded an increase of 15% from November 2021 to …
Trade and investment, political cooperation, defense initiatives, tourism and labour issues dominated …
By Vinuja Singharachchige: Much is being said nowadays about the pressures the Sri Lankan Rupee is facing, but it is important that we understand the mechanics …
Finance Minister Basil Rajapaksa on Monday announced a relief package for different sectors in Sri Lanka. Complete Cabinet Decision: 2022 Economy and Outlook …
written by Migara Rodrigo Sri Lanka has a whopping 527 state-owned enterprises[1] (SOEs). The 55 SOEs classified as “strategically important” alone employ …
Sri Lanka is the only country in the world amidst the Covid pandemic that has faced unprecedented price increases, gas and fuel shortages, and a dangerously …
"Sri Lanka will have a very gloomy future in 2022. If the government is interested in avoiding it, it has to immediately change the present economic policy.buy …