Sunshine Healthcare Lanka attracts USD 10Mn FDI from IFC
Sunshine Healthcare Lanka Limited (SHL), the healthcare arm of diversified conglomerate Sunshine Holdings PLC (CSE: SUN), announced the successful conclusion …
Economy & Markets
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World Bank Signs Additional USD 200 Mn to Support Sri Lanka’s Economic Reforms
The World Bank and the Government of Sri Lanka today signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation …
Successful IMF and OCC Agreement Paves Way for Debt Relief: Ceylon Chamber Welcomes Progress
The Ceylon Chamber of Commerce commends the Government of Sri Lanka on the successful completion of consultations with the Official Creditor Committee (OCC) …
Sri Lanka’s Finance Ministry announces successful completion of OCC & IMF consultation process
Sri Lanka's government announced that, following the Agreement in Principle reached with representatives of its international and local holders of …
End-of-Mission Statement: IMF Team to Continue Engagement with SL’s Economic Team for Third Review
An International Monetary Fund (IMF) team, led by Mr. Krishna Srinivasan, Director for the Asia Pacific Department, visited Colombo from October 2-4, 2024. …
Government Plans Relief for High VAT & Income Taxes, President Tells IMF Delegation
President Anura Kumara Dissanayake engaged directly with an IMF delegation yesterday, including Director of the Asia Pacific Department Krishna Srinivasan and …
IMF to Announce Dates for Third Review under EFF Program for Sri Lanka
The International Monetary Fund (IMF) will soon announce the dates for the third review under the Extended Fund Facility (EFF) program for Sri Lanka, according …
High-Level IMF Team Meets Sri Lankan Government to Discuss Economic Reforms
A high-level delegation from the International Monetary Fund (IMF) arrived in Sri Lanka today (02) to engage with the newly formed government led by President …
YUKTHI Calls for Rejecting the Recent Bond Deal
YUKTHI, a plural research forum supporting working people’s movements and people’s struggles for democracy and justice in Sri Lanka, calls on the President …
Women’s Chamber of Industry and Commerce holds 39th AGM
The Women’s Chamber of Industry and Commerce (WCIC) held its Annual General Meeting (AGM), marking a pivotal moment in the organization’s 39-year journey. …
Sri Lanka’s August 2024 Merchandise Exports Rise by 4.2-pct to USD 1.2 Bn
As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in August 2024 amounted to US$ 1,165.4 million, recorded an …
Japan to Restart 11 Stalled Projects in Sri Lanka with Government Support
The Japanese Ambassador to Sri Lanka, MIZUKOSHI Hideaki, affirmed that the Japanese government is committed to fully supporting efforts to combat corruption …
Central Bank maintains policy interest rates at their current levels
The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 26 September 2024, decided to maintain the Standing Deposit Facility Rate …
Vote on Account first; 2025 Budget early next year: NPP Economic Council
The new President plans to introduce a vote on account to cover expenditures until a fully-fledged budget is presented next year, according to Professor Anil …
IMF Congratulates Newly Elected President
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, extended her congratulations to Anura Kumara Dissanayake on his election …
Fitch Affirms Sri Lanka at Restricted Default; Policy Uncertainty Following Elections
Fitch Ratings has affirmed Sri Lanka's LongTerm Foreign-Currency Issuer Default Rating (IDR) at 'RD' (Restricted Default) and Long-Term Local-Currency IDR at …
Moody’s Ratings: Political change unlikely to derail reform trajectory but underscores fiscal challenges
Moody’s Ratings suggests that the broad appetite for reforms will remain intact, and the agency does not foresee significant disruptions to the country’s …
Looks forward to collaborating with new President & discussing 3rd review timing: IMF Spokesperson
The International Monetary Fund (IMF) has expressed optimism about working with President Dissanayake and his administration to build on the progress Sri Lanka …
FR petition filed before Supreme Court challenging new debt restructuring deal
A fundamental rights petition was submitted to the Supreme Court yesterday, challenging the new restructuring deal of sovereign debt with external commercial …
IMF Technical Assistance recommends introducing single policy rate to strengthen policy signaling
The IMF South Asia Regional Training and Technical Assistance Center (SARTTAC) provided technical assistance (TA) to the Central Bank of Sri Lanka (CBSL) …