Sri Lanka’s headline inflation increased to 8.3-pct in October
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1, increased to 8.3 percent in October …
Economy & Markets
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Wartime organic farming lessons for peacetime
By Jekhan Aruliah There is recent precedent in Sri Lanka for suddenly "going organic”. The Sri Lankan Civil War saw years of economic blockades and embargoes …
Sri Lanka records highest-ever export figure in any October
Sri Lanka’s merchandise exports increased by 35.9% to US$ 1,160.62 Million in October 2021 compared to October 2020 as per the data released by the Sri Lanka …
CB Governor & Treasury Secretary outlines govt’s recovery plan at CA Sri Lanka Budget Seminar
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) organised the Annual Budget Seminar where top government officials and business leaders came …
YTD 9M results exceed historical 12M earnings to record LKR 292bn by Sept: Softlogic Stockbrokers
Corporate earnings recorded a phenomenal increase up +98% YoY from LKR 190bn to LKR 377bn on a Trailing 12 months (TTM) basis despite the impact of the 2nd, …
JICA extends support for Sri Lanka’s socio-economic development
The Japan International Cooperation Agency (JICA) is ready to support the socio-economic development needs of Sri Lanka, said JICA, Director General South Asia …
CSE revises index calculation methodology of All Share Price Index
The Board of Directors of the Colombo Stock Exchange (CSE) has approved the revision of the index calculation methodology of the All Share Price Index (ASPI) …
Budget 2022 Proposals: Reactions from IPS Researchers
Dr Dushni Weerakoon Budget 2022 appears to be more of a stop-gap budget rather than one that sets out a framework on how revenues will continue to be mobilised …
Aitken Spence records Rs. 2.9 Bn EBITDA across all sectors for 2Q with a 388% growth
The leading blue-chip conglomerate, Aitken Spence PLC reported an impressive growth of 388% from its earnings before interest expense, tax, depreciation and …
Finance Minister proposes to release all vehicles seized at Customs subject to taxes
Finance Minister proposes to release all vehicles seized at the Sri Lanka Customs owing to non-payment of applicable taxes and other reasons. Such release will …
Government seeks to collect Rs 140bn from Social Security Contribution
Aiming to rebuild Sri Lanka's economy affected by the Covid pandemic, a “Social Security Contribution” has been proposed by the Finance Minister. This …
Budget 2022: Download Full Budget Speech
Budget Speech 2022: DOWNLOAD Budget Speech 2022 (Annexures):
Sri Lanka Budget 2022 – LIVE Coverage
The Minister of Finance Basil Rajapaksa is delivering the Second Reading of the Appropriation Bill for the financial year 2022 in Parliament. Finance Minister …
Central Bank expects inflation to remain high at around 8-9% in next few months
Sri Lanka’s Central Bank expects inflation to remain high at around 8-9% in the next few months, before gradually reverting to the desired 4-6% level …
CBSL expects reserves to remain around USD 3.5bn by end 2021; USD 4bn on average in 2022
Sri Lanka's Central Bank expects gross official reserves to remain at around USD 3.5 bn at the end of 2021, and around USD 4.0 bn on average in 2022. Releasing …
Teejay Lanka consolidates in Q2 to post 6-month revenue of Rs 23.1Bn
Topline grows 71% on higher demand for fabricNet profit improves by 59% to Rs 954.1 million for 1H Teejay Lanka PLC has built on its robust first quarter …
Sri Lanka to introduce incentive package for migrant workers with various benefits
Sri Lanka to introduce an incentive package for migrant workers, which includes pension/superannuation benefits, accident/life insurance benefits, banking …
Is wealth tax the solution to Sri Lanka’s low tax revenue collection?
By Sathya Karunarathne IntroductionSuccessive governments have run fiscal deficits. Inadequate revenue collection and unrestrained government expenditure have …
New rules to convert export proceeds have no impact on Sri Lankans working abroad: CBSL
Sri Lanka's Central Bank emphasizes that inward remittances by Sri Lankan expatriates, which are not considered as services exports, will not be subjected to …
CA Sri Lanka submits budget proposals to Finance Minister Basil Rajapaksa
In its standing as the National Body of Accountants, officials of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently …