Economic

The Sri Lankan rupee has further depreciated to Rs.199.40 against the US dollar. As per the exchange rates recorded by the CBSL the selling price of the rupee stood at Rs. 193.75 while the buying price stood at Rs.188.55 against the…

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…

Finance Minister requests foreign investors to continue their plans The government has taken proactive measures to address much of its major external debt obligations for 2019 despite the possible negative impact for Sri Lankan economy,…

The Easter Sunday bombings “clearly” had an impact on confidence and sentiment, but the extent of disruption likely depends on how quickly the Government can stabilise the situation, says Central Bank of Sri Lanka Governor Indrajit…

REUTERS: The rupee closed 0.2% weaker on Friday as worries about more bomb attacks after the Easter Sunday attacks weighed, while stocks edged up for the third straight session after hitting a more than six-year low early in the…

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…

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…

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…

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…