Economy & Markets
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Only 20-pct of Sri Lanka’s working-age population have access to formal work: report
Promoting Access to Decent Work Amidst Sri Lanka’s Economic Crisis[1] From IPS’ flagship publication, ‘Sri Lanka: State of the Economy 2022’ Access to …
UN ramps up its urgent humanitarian appeal to bring life-saving assistance to 3.4 mn Sri Lankans
The United Nations (UN) team in Sri Lanka and non-governmental organizations have today revised and extended their joint Humanitarian Needs and Priorities …
Driving Policy Action in Sri Lanka from Economic Crisis to Recovery
The Institute of Policy Studies of Sri Lanka (IPS) held a seminar on 25 October 2022 to coincide with the release of the Institute’s annual flagship report, …
Business Chambers request all parties to call off protests planned on 2nd Nov
Several Business Chambers in a joint statement note with concern that some organizations have called for mass protests on 2 nd November. While recognizing …
CCPI based headline inflation starts to decline
Headline inflation, as measured by the year-on-year change in the Colombo Consumer Price Index which followed an increasing trend since October 2021, declined …
Sri Lanka to join OACPS with a potential EU FTA
Sri Lanka's Presidential Envoy to Europe and the Commonwealth, Niranjan de Silva Deva Aditya (Nirj Deva), said this week in Brussels that he has started …
Low interest working capital loan scheme for SMEs under ADB credit line
Small and medium enterprises can avail of working capital loans from banks through a loan scheme facilitated under an existing ADB credit line, the Finance …
Colombo Stock Exchange extends trading hours from 01st Nov
The Board of Directors of the Colombo Stock Exchange (CSE), with the consultation of the Securities and Exchange Commission of Sri Lanka (SEC) have decided to …
10 Billion dollars recorded for Exports in 9 months of 2022
Earnings from the merchandise exports increased by 5.75 % y-o-y to US$ 1,093.98 Mn in September 2022 as per the data released by the Sri Lanka Customs. This …
Free-Trade-Agreements essential to enhancing Sri Lankan apparel’s resilience
With fears of a global economic recession looming, the Joint Apparel Association Forum (JAAF) is actively stepping up engagement with top Government and …
Mixed Impact on Rated Sri Lankan Corporates from Macroeconomic Challenges: Fitch Ratings
Rated Sri Lankan corporates in consumer-goods retail, power generation and homebuilding will be among the most affected if the economic crisis deepens or is …
Japan to organize Sri Lanka creditors’ meeting over debt crisis: report
Japan is working to organize a meeting of Sri Lanka’s creditors by the end of this year in hopes of solving the country’s debt crisis, the Japanese Yomiuri …
Ceylon Chamber seeks acceleration of reforms and greater accountability for Govt spend
The Ceylon Chamber of Commerce acknowledges the rationale for the recently proposed tax changes and calls on the Government to show greater restraint, …
Hayleys Fabric strengthens biodiversity regeneration efforts, Partners with CEA and local universities
Strengthening its commitment to drive biodiversity regeneration and environmental conservation, Hayleys Group subsidiary and leading textile manufacturer …
Sri Lanka cabinet approves downgrade back to low income country
Cabinet has approved a proposal to downgrade Sri Lanka to "low income" category on the World Bank list with the aim of getting access to concessional funding …
PwC Sri Lanka to aid SL’s financial institutions transition to green financing
Climate change today is affecting the financial system due to its far-reaching impact across all sectors and geographies. As risks associated with …
Sri Lanka’s real GDP is expected to fall by 9.2-pct this year & a further 4.2-pct in 2023: World Bank
Sri Lanka’s economic crisis is deepening with unsustainable debt and a severe balance of payment crisis on top of lingering scars of the COVID-19 …
CCPI inflation would start falling down from this month: CBSL Governor
Sri Lanka’s Central Bank Governor expects that the Colombo Consumer Price Index (CCPI) will start falling down from this month and to follow a disinflation …
Central Bank of Sri Lanka maintains policy interest rates
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 05 October 2022, decided to maintain the Standing Deposit Facility Rate (SDFR) and …