SL appoints Presidential task force on economic revival and poverty eradication
Apr 23, 2020 (LBO) - President Gotabaya Rajapaksa has appointed a Presidential Task Force in charge of Economic Revival and Poverty Eradication. It has been …
Economy & Markets
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Sri Lanka’s headline inflation decreased in March
Apr 22, 2020 (LBO) – Sri Lanka's headline inflation as measured by the year-on-year change in the National Consumer Price Index has decreased to 7.0 percent …
Sri Lankan consumer retail, construction, hotels most affected: Fitch Ratings
Apr 22, 2020 (LBO) – Fitch-rated Sri Lankan corporates in consumer goods retail, construction and hotels will be among the most affected by the coronavirus …
SriLankan Airlines special flights to bring back stranded in India, Pakistan and Nepal
Apr 21, 2020 (LBO) - SriLankan Airlines will operate special flights from India’s Amritsar, Coimbatore, Pakistan’s Karachi, Lahore and Nepal’s …
Central Bank permits remittances to Sri Lankans abroad on visits & studies
Apr 20, 2020 (LBO) – Central Bank reiterates that there is no hindrance to providing financial assistance to Sri Lankans who have gone abroad to pursue …
Opinion: COVID-19 and foreign exchange woes: Can Sri Lanka find a way out?
Bilesha Weeraratne Growing pressure on Sri Lanka’s scarce foreign exchange resources, due to the wide spread of COVID-19 across the globe, is now more real …
Online forum on COVID-19 with Tourism industry leaders by Advocata
Advocata Institute is hosting a panel discussion with tourism industry leaders, Kimarli Fernando (Chairperson, Sri Lanka Tourism), Vipula Gunatilleka (CEO, …
Economic impact of COVID-19 in Sri Lanka: Insights by ICRA
Apr 18, 2020 (LBO) – ICRA Lanka expects the Sri Lankan economy to face a recession of magnitude -1.9% in 2020 with a U-shape recovery path returning to its …
CCC proposes public-private shared vision for economic recovery post-COVID
Apr 17, 2020 (LBO) – The Ceylon Chamber of Commerce, in a communication to the President has proposed a Shared Vision, Economic Recovery Strategy and …
Moody’s places Sri Lanka’s B2 ratings on review for downgrade
Apr 17, 2020 (LBO) – Moody's Investors Service ("Moody's") has today placed the Government of Sri Lanka's long-term foreign-currency issuer and senior …
IMF to review Sri Lanka’s request for Rapid Credit Facility this week
Apr 17, 2020 (LBO) – The International Monetary Fund (IMF) is starting to review Sri Lanka's request for Rapid Credit Facility this week, the international …
Fitch revises outlook on Abans to negative on Coronavirus stress; Affirms ‘BBB+(lka)’ rating
Apr 16, 2020 (LBO) - Fitch Ratings has revised the Outlook on Sri Lankan consumer-durable retailer Abans PLC's National Long-Term Rating to Negative from …
President discusses rebuilding economy amidst COVID-19 challenges
Apr 16, 2020 (LBO) – President Gotabaya Rajapaksa discussed rebuilding the economy in the face of the current challenges during a meeting with the …
ADB triples COVID-19 response package to USD20Bn
Apr 14, 2020 (LBO) - The Asia Development Bank (ADB) has tripled the size of its response to the novel coronavirus disease (COVID-19) pandemic to US20 billion …
South Asia must ramp up COVID-19 action to protect people, revive economies
Apr 14, 2020 (LBO) - Amid the mounting human toll and global economic fallout triggered by the COVID-19 pandemic, South Asian governments must ramp up action …
Sri Lanka introduces special deposit account to manage COVID-19 challenges
Apr 12, 2020 (LBO) – Sri Lanka's Government in consultation with the Monetary Board of the Central Bank has introduced a Special Deposit Account (SDA) with …
Sri Lanka official reserves down to USD7.5bn by end-March
Apr 09, 2020 (LBO) – Sri Lanka’s gross official reserves were 7.5 billion US dollars (USD7,525.7mn) by the end of March, down from 7.9 billion US dollars …
PwC expects real GDP growth in Sri Lanka to be less than 2-pct this year
Apr 09, 2020 (LBO) – PricewaterhouseCoopers (PwC) expects real GDP growth in the Island to be less than 2 percent this year even if the pandemic is contained …
Curfew, Lock down and Economic Livelihoods
By Sharhan Muhseen 6th April 2020 National policymakers have been grappling on the right balance between lockdowns (total or partial) and maintaining a …
COVID-19 prevention program proceeds with professional expertise: President
Apr 06, 2020 (LBO) - Presided by President Gotabaya Rajapaksa, a discussion took place at the Presidential Secretariat to review the progress of the COVID-19 …