Economic

Sri Lanka has tightened exchange controls halting new foreign investments by companies and individuals for the next six months and also lowered the amount of money that citizens can take out when they migrate to another country, as money…

Sri Lanka has updated the European Union on ongoing efforts to amend a Prevention of Terrorism Law after arrests of a minority poet, a top police detective among other incidents prompted warnings that GSP+ trade preferences may be…

Sri Lanka’s rupee is being quoted in the kerb market at 225.00/226.50 to the US dollar as unusual demand for currency notes emerged over the past two weeks amid forex trading curbs in the formal market, participants said as money printing…

Sri Lanka’s bakers are planning to increase the price of bread by 10 rupees (around 16 per cent for a 60 rupee one pound loaf) after wheat flour prices were raised by a key milling group, a media report said. Sri Lanka’s Aruna Newspaper…

Sri Lanka’s consumer prices in the capital Colombo grew 5.2 percent in the 12-months to June 2021, accelerating from 4.5 percent in April, data from the state statistics office said. The widely watched Colombo Consumer Price Index rose 1.5…

Sri Lanka has begun construction of a 39-acre bird park in Colombo at an estimated cost of Rs 1.51 billion to revive tourism, the State Ministry of Urban Development said. The park will be built on a design-build-finance-and-operate basis…

Sri Lanka rupee is hardly traded in official interbank markets after ban on outright trades above a 200 to the US dollar non-credible peg, but parallel foreign exchange markets are coming into play, as they had done in earlier money…

Sri Lanka’s cabinet of ministers had cleared the borrowing of 150 million US dollars from Manila-based Asian Development Bank to buy vaccines and boost refrigeration and transport facilities, the state information office said. The Sri…

Sri Lanka has rolled over 36.24 million US dollars out of 180 million dollar denominated debt securities maturing on June 30, data from the state debt office showed. The debt office sold 29.57 million US dollars of 10 month Sri Lanka…

Sri Lanka has hired 65,000 unemployed graduates in to the state sector over the past year and 35,000 more youth into a new Department and more will be hired, President Gotabaya Rajapaksa has said. “Employment opportunities for unemployed…