Sri Lanka’s key inflation rate falls to 0.5% in August BENGALURU/COLOMBO: Sri Lanka’s key inflation rate fell to 0.5% in August on the year from 2.4% last month, the... Published 30 Aug, 2024 04:53pm
World Sri Lanka cuts rates to help fuel economic recovery COLOMBO: Sri Lanka’s central bank cut interest rates by 25 basis points on Wednesday in a surprise decision aimed at... Published 24 Jul, 2024 10:14am
Business & Finance Sri Lanka inflation rises to 2.4% on year in June COLOMBO: Sri Lanka’s consumer price inflation rose to 2.4% year-on-year in June from 1.6% in May, official data... Published 22 Jul, 2024 03:05pm
World Sri Lanka scraps plan to sell loss-making national airline COLOMBO: Sri Lanka has scrapped plans to sell off its indebted national airline despite shortlisting three potential... Published 19 Jul, 2024 01:50pm
Markets Sri Lankan shares advance on gains in financials, consumer staples Sri Lankan shares closed higher on Friday, lifted by gains in financial and consumer staple stocks. The CSE... Published 12 Jul, 2024 05:44pm
World Sri Lanka paves way for Musk’s Starlink to enter telecoms market COLOMBO: Sri Lanka’s parliament approved amendments to a decades-old law on Tuesday to allow Elon Musk’s Starlink,... Updated 09 Jul, 2024 10:13pm
World Sri Lanka set to amend decades-old law to pave Starlink entry COLOMBO: Sri Lanka’s parliament will vote this week to change a law to allow Elon Musk’s Starlink, the satellite... Published 08 Jul, 2024 05:26pm
World Sri Lanka to save $3bn in debt write-offs post bond rework, president says COLOMBO: Sri Lanka will save $3 billion in debt write-offs from commercial creditors once a provisional deal to... Published 05 Jul, 2024 05:28pm
World Sri Lanka to save $5bn from bilateral debt deal COLOMBO: Sri Lanka will save $5 billion following the restructure of its bilateral debt, much of which is owed to... Published 02 Jul, 2024 11:56am
World Sri Lanka inflation climbs as food prices rise COLOMBO: Crisis-hit Sri Lanka’s annual inflation almost doubled to 1.7 percent in June, up from 0.9 percent the... Published 29 Jun, 2024 10:49am
Business & Finance Sri Lanka debt deal a key milestone towards restoring debt sustainability, IMF says COLOMBO: The International Monetary Fund (IMF) said on Thursday that Sri Lanka’s agreements with China and other... Published 27 Jun, 2024 09:56am
World Sri Lanka’s economic crisis and debt deal with bilateral creditors COLOMBO: Sri Lanka signed an agreement with its bilateral creditors led by Japan and India, Sri Lankan president’s... Published 26 Jun, 2024 03:15pm
World Sri Lanka’s economic recovery strengthens in first quarter COLOMBO: Sri Lanka’s economy grew 5.3% year-on-year in the first three months of 2024, official data showed on... Published 14 Jun, 2024 05:34pm
Business & Finance Sri Lanka aims to halve debt servicing costs, central bank chief says COLOMBO: Sri Lanka is committed to achieving debt sustainability at the earliest and aims to halve the servicing... Published 07 May, 2024 02:41pm
Markets Sri Lanka shares end higher as consumer staples, industrials rise Sri Lankan shares closed higher on Monday, aided by consumer staples and industrials stocks. The CSE All-Share index... Published 29 Apr, 2024 04:54pm
World Sri Lanka leases white elephant airport built with Chinese loans COLOMBO: Sri Lanka said Friday it had leased a white elephant international airport built with Chinese loans to a... Published 26 Apr, 2024 05:07pm
World Sri Lanka’s inflation drops to 2.5% in March COLOMBO: Sri Lanka’s consumer price inflation dropped to 2.5% in March from 5.1% in February, official data showed... Published 22 Apr, 2024 03:32pm
World Sri Lanka records first growth after debt default COLOMBO: Sri Lanka’s economy grew in the September quarter, the central bank said Saturday, its first expansion... Published 16 Dec, 2023 03:21pm
World Sri Lanka grows 1.6% in Q3, first economic expansion in six quarters COLOMBO: Sri Lanka’s economy grew by 1.6% in the quarter from July to September for the first time in six quarters,... Published 15 Dec, 2023 05:06pm
World Sri Lanka approves VAT hike to 18% ahead of IMF review COLOMBO: Sri Lanka’s parliament approved a hike in value-added tax (VAT)to 18% from 15% on Monday ahead of the... Published 11 Dec, 2023 07:09pm
Business & Finance Sri Lanka expects second tranche of IMF programme on Dec. 12 Sri Lanka expects the second tranche of its IMF programme on Dec. 12, cabinet spokesperson and transport minister... Published 06 Dec, 2023 02:31pm
World Sri Lanka inflation doubles ahead of debt deal COLOMBO: Sri Lanka’s inflation more than doubled to 3.4 percent in November, the statistics office said Thursday, a... Published 30 Nov, 2023 06:01pm
World Sri Lankan economy to see growth next year after 3.8% contraction, says World Bank COLOMBO: Sri Lanka’s economy is set to perform better than expected but still see a significant contraction in 2023... Published 03 Oct, 2023 12:10pm
World Sri Lanka’s creditors likely to reach debt reduction deal in Oct TOKYO: Sri Lanka’s major creditors such as Japan, India and France are likely to reach a broad agreement this month... Published 02 Oct, 2023 04:37pm
Markets Sri Lanka August consumer price inflation eases to 2.1% COLOMBO: Sri Lanka’s consumer price inflation rate eased to 2.1% year-on-year in August from 4.6% in July, helped by... Published 21 Sep, 2023 02:44pm
World Sri Lanka’s economy shrank 3.1% in Q2 amid financial crisis COLOMBO: Sri Lanka’s economy shrank 3.1% in the April-June quarter, official data showed on Friday, as the country... Published 15 Sep, 2023 04:50pm
World Pakistan among countries in grip of debt problems LONDON: The persistent and damaging debt problems gripping a number of developing world nations will be a core topic... Published 03 Sep, 2023 02:57pm
World Sri Lanka records lowest inflation since economic crisis COLOMBO: Inflation in crisis-hit Sri Lanka eased to 4.0 percent in August, the lowest since before last year’s... Published 01 Sep, 2023 12:01pm
World Inflation eases sharply in bankrupt Sri Lanka COLOMBO: Sri Lanka's inflation eased to 12 percent in June, official data showed Saturday, the lowest figures since... Updated 01 Jul, 2023 09:42pm
World Sri Lanka president to hold debt talks on France visit COLOMBO: Sri Lanka’s President Ranil Wickremesinghe is likely to discuss the crisis-stricken nation’s debt with... Updated 13 Jun, 2023 12:47pm
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points