Advocata Institute launches tool to track everyday food price changes
Advocata’s latest policy product tracks the average retail prices of a basket of goods and provides an indication of how much prices have changed over …
Economy
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Sri Lanka’s gross official reserves estimated at USD 4.1bn at end March 2021
Sri Lanka's gross official reserves were estimated at US dollars 4.1 billion (excluding the swap facility with the PBOC), with an import cover of 3 months, at …
‘Bath Curry Indicator’ by Advocata Institute will be launched tomorrow
Food inflation has risen over the last year, although the overall inflation is low. According to the National Consumer Price Index, overall prices rose by 3.7% …
Validity period to open Special Deposit Accounts extended; USD 360mn deposited so far
The Cabinet has approved a proposal tabled by the Prime Minister as the Minister of Finance to extend the validity period and to issue orders in accordance …
Material Sector – The Scavengers of Recovery
Softlogic Research, in its most recent publication, took a very strong stance on the Material sector, predicting a strong growth backed by economic recovery …
Govt has no intention to tarnish its unblemished debt service record, CBSL clarifies reports
The Government has no intention to tarnish its unblemished debt service record by delaying the settlement of maturing debt obligations, the Central Bank …
Colombo Consumer Price inflation increased to 4.1-pct in March with low base effect
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index increased to 4.1 percent in March 2021 from 3. online …
South Asian economies bounce back but face fragile recovery: World Bank
Prospects of an economic rebound in South Asia are firming up as growth is set to increase by 7.2 percent in 2021 and 4.4 percent in 2022, climbing from …
Vietnam to support investment and trade promotion in Sri Lanka
The newly appointed Ambassador of the Socialist Republic of Vietnam Ho Thi Thanh Truc to Sri Lanka presented her credentials to President Gotabaya Rajapaksa at …
Governors and District Sec are responsible for regional development process: President
President Gotabaya Rajapaksa emphasizes that the Governors and District Secretaries should take the lead in the regional development process. It is the …
Sri Lankan economy is steadily progressing as displayed in latest economic indicators: CBSL
Sri Lanka's Central Bank says that the economy is steadily progressing as displayed in the latest economic indicators even though the second wave of COVID 19 …
Sri Lanka’s export earnings grew by 2.5-pct in February
Sri Lanka’s export earnings registered a growth of 2.52% with US$ 993.73 Mn in February, compared to the previous year, maintaining the growth momentum …
Central Bank increases maximum compensation under deposit insurance scheme by Rs.500,000
The Monetary Board of the Central Bank has decided to increase the maximum compensation payment under the Sri Lanka Deposit Insurance and Liquidity Support …
Increasing production and income only answer to cost of living problem: President
“The only answer to the problem of cost of living is to increase production and income received by the people. Price of imported goods is determined by the …
Asia Securities reiterates view of no sovereign default; swap conclusion a confidence booster
In a report issued today, the research arm of leading independent Investment Banking firm Asia Securities, reiterated that it does not see a risk of sovereign …
We closely monitor Sri Lanka’s developments including USD1.5bn currency swap with China: IMF
International Monetary Fund (IMF) says that they continue to closely monitor economic policy and financial developments in Sri Lanka including the recent …
Sri Lanka’s earnings from exports reached USD 908Mn in January
As per the Customs statistics, earnings from merchandise exports recorded a negative growth of 9.64% in January 2021 with US$ 908.07 Mn compared to US$ 1,004.9 …
Central Bank & IFC launch Sri Lanka’s first National Financial Inclusion Strategy
Sri Lanka’s first National Financial Inclusion Strategy (NFIS), launched today, aims to make financial services more accessible, efficient, and affordable …
Laws still restrict women’s economic opportunities despite progress: Study
Countries are inching toward greater gender equality, but women around the world continue to face laws and regulations that restrict their economic …
Veemansa Initiatives’ discussion on ‘external debt situation in Sri Lanka
Delivering the keynote address on the topic, External Debt Situation in Sri Lanka: Our Route to Resolution, the Governor of the Central Bank, Deshamanya …