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Anil Jayantha Fernando, Minister of Labour and Deputy Minister of Economic Development, said the country could double fo...
22/09/2025

Anil Jayantha Fernando, Minister of Labour and Deputy Minister of Economic Development, said the country could double foreign direct investment to more than $2 billion in 2026, driven by investments from China, India and the UAE. - Reuters

Anil Jayantha Fernando, Minister of Labour and Deputy Minister of Economic Development, said the country could also more...
22/09/2025

Anil Jayantha Fernando, Minister of Labour and Deputy Minister of Economic Development, said the country could also more than double foreign direct investment to more than $2 billion in 2026, driven by investments from China, India and the UAE. - Reuters

According to the Central Bank’s latest data, the commercial banks expanded total outstanding private sector credit by Rs...
18/09/2025

According to the Central Bank’s latest data, the commercial banks expanded total outstanding private sector credit by Rs.201.5 billion in July, following Rs.221.6 billion in June.

The cumulative credit extended in the first seven months of 2025 reached Rs.901.6 billion, surpassing Rs.790 billion extended in all of 2024

Under the new budget proposal, salary allocations of the Commission to Investigate Allegations of Bribery or Corruption ...
15/09/2025

Under the new budget proposal, salary allocations of the Commission to Investigate Allegations of Bribery or Corruption would rise from Rs. 354 million under the current framework to Rs. 777 million, reflecting plans to expand the commission’s staff from 489 to 967 and establish regional offices across the country.

Sri Lanka’s economic growth is predicted to slow down to 3.5% reflecting structural impediments to growth, amid global h...
12/09/2025

Sri Lanka’s economic growth is predicted to slow down to 3.5% reflecting structural impediments to growth, amid global headwinds and unprecedented trade policy uncertainty as per the World Bank.

As of June 2025, a total of 2,075,744 credit cards are active in Sri Lanka with the last cumulative debt calculation at ...
09/09/2025

As of June 2025, a total of 2,075,744 credit cards are active in Sri Lanka with the last cumulative debt calculation at a staggering Rs 158 billion rupees as of December 2024 as per CBSL.

Sri Lankan foreign reserves which stood at USD 6 billion by the end of Aug 2024, has increased only by USD 0.166 billion...
08/09/2025

Sri Lankan foreign reserves which stood at USD 6 billion by the end of Aug 2024, has increased only by USD 0.166 billion by Aug 2025, a growth of only 2.6% as per CBSL reports.

We went viral within weeks back in 2021 with our sensational statistical reporting on the Sri Lankan economy. But we did...
08/09/2025

We went viral within weeks back in 2021 with our sensational statistical reporting on the Sri Lankan economy. But we didn’t have the time and resources to maintain momentum. Guess what! We’re back and back for good with a top notch team and some stats that’ll blow your mind!

The Sri Lankan economy has stabilised with growth expected to reach 4.4% in 2024, surpassing earlier forecasts, the Worl...
10/10/2024

The Sri Lankan economy has stabilised with growth expected to reach 4.4% in 2024, surpassing earlier forecasts, the World Bank declared today.

In a major win for the Ranil Wickremasinghe government, Sri Lanka has reached agreements with external commercial credit...
19/09/2024

In a major win for the Ranil Wickremasinghe government, Sri Lanka has reached agreements with external commercial creditors to restructure approximately USD 17.5 bn of external debt, achieving a 40.3% Net Present Value (NPV) concession.

Dr. Nandalal Weerasinghe, the governor of Sri Lanka’s central bank, has received a “A” grade on the 2024 Central Banker ...
22/08/2024

Dr. Nandalal Weerasinghe, the governor of Sri Lanka’s central bank, has received a “A” grade on the 2024 Central Banker Report Cards from Global Finance, an international award that recognises central bank executives whose remarkable leadership and strategy have excelled those of their peers worldwide.

Only seven central bankers worldwide have received this ranking, and Dr. Weerasinghe’s achievement during Sri Lanka’s severe economic hardships is reflected in his listing.

State Minister for Investment Promotion, Dilum Amunugama, announced that Sri Lanka has secured an export income of USD 9...
22/08/2024

State Minister for Investment Promotion, Dilum Amunugama, announced that Sri Lanka has secured an export income of USD 9 billion in the first six months of this year.

He also highlighted that investment agreements totaling approximately USD 800 million have been signed during the same period.

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