China Maintains Benchmark Lending Rates Amid Economic Uncertainties
China opted to keep its benchmark lending rates unchanged in the monthly fixing on Monday, aligning with expectations. The decision
Government Revenue Surges by 43.5% to Rs.1,826.62 Billion in First Eight Months; Budget Deficit Expands to Rs.1,470.66 Billion
In the initial eight months of the fiscal year, the government witnessed a robust 43.5% surge in revenue, reaching Rs.1,826.62
Central Bank of Sri Lanka Clarifies Board Composition Following Resignations
The Central Bank of Sri Lanka (CBSL) issued a clarification regarding the composition of its Governing Board and Monetary Policy
Minister Nimal Siripala de Silva Unveils Vision for Sri Lanka’s Economic Resurgence; Second IMF Loan Installment Expected in December
In a comprehensive press briefing held at the Presidential Media Centre on Friday (Nov.17), Minister of Ports, Shipping, and Civil
The administration under Gotabaya Rajapaksa failed to seize the opportunity to secure funding from the IMF
The recent Supreme Court judgment, which attributed the collapse of the country’s economy to unsound decisions made by several individuals
Fitch Ratings Raises Concerns Over Sri Lanka’s Ambitious Fiscal Targets, Citing High Implementation Risks
In a statement released today, Fitch Ratings has expressed apprehension regarding the ambitious fiscal targets set by the Sri Lankan
Concerns Mount Over Potential VAT Impact on Power and Energy in 2024 Budget
The proposed removal of Value-Added Tax (VAT) exemptions has sparked apprehension about the potential application of VAT on power and
Budget 2024 Unveils Rs.3 Billion Allocation to Propel Digital Economy by 2030
In a groundbreaking move towards embracing the digital future, Budget 2024 has earmarked Rs.3 billion for the facilitation of a
Moody’s Identifies Pakistan and Sri Lanka as High-Risk in South Asia for Balance of Payments Crises
Moody’s Investors Service has identified Pakistan and Sri Lanka as two of the South Asian countries most susceptible to the
Government Grapples with IMF Demands and Public Expectations in Unveiling 2024 Annual Budget
In a pivotal parliamentary session today, the government is set to unveil the highly-anticipated annual budget for 2024. The preparation