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GDP growth slumps to 2.9% in 3Q

Industry sector suffers most with 1.9% growth compared to 5.3% a year earlierAgriculture recovers to grow by 3.3% reversing 3% contractionServices sector improves growth to 3.9% from 2.8% The country’s economic growth in the third

Tax Cuts Galore!

The Ministry of Finance and Economic Affairs announced several important economic policy changes and initiatives today to provide relief to the masses and revive the economy. Considering the high tax imposed on the…

Secondary bond market activity dries up

The dull sentiment in the secondary bond market continued yesterday on the back of moderate trades, mainly on the short end of the yield curve. The 2021 maturities (i.e. 01.03.21, 01.08.21 and 15.10.21) were the most traded duration as it

Japanese loans for Lankan skyways

The Sri Lankan government has decided to obtain a loan from Japan for the proposed skyway (elevated highway) from the Kelaniya Bridge in Peliyagoda to Rajagiriya. Japanese loans are also intended to be used to build the segment from

Brexit: The Impact on Sri Lanka

What will the UK - EU divide do to the economy? Following a fierce and often toxic ‘Brexit’ campaign, the United Kingdom decided on Thursday to become the first full member nation to leave the European Union at a national referendum