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President to inaugurate FACETS 2025 today | Daily FT
Jan 4, 2025 · The flagship gem and jewellery exposition FACETS Sri Lanka in its 31st edition will kick off today (4) under the patronage of President Anura Kumara Dissanayake at the Cinnamon Grand, Colombo. Organised by the Sri Lanka Gem and Jewellery Association (SLGJA) – in partnership with the National Gem ...
Govt. announces near completion of External Debt Restructuring
Sep 20, 2024 · The Government yesterday announced the near completion of Sri Lanka’s sovereign debt restructuring exercise, as agreed under Sri Lanka’s IMF-supported program to restore debt sustainability. The breakthrough follows the Government reaching an agreement with International Sovereign Bond (ISB) holders (the Group) accounting for 40% of the aggregate outstanding amount of the bonds and Local ...
Sri Lanka’s debt repayments and economy post 2025 | Daily FT
Oct 18, 2024 · Sri Lanka’s debt crisis has been the most critical issue affecting its economy post the 2022 meltdown, with years of borrowing to finance development projects, cover fiscal deficits, and manage post-war reconstruction. The current state of Sri Lanka’s debt repayments are still to be concluded and several measures need to be taken …
Rethinking Central Bank independence in Sri Lanka’s development …
Nov 6, 2024 · In September 2023, after 73 years, the Central Bank of Sri Lanka (CBSL) gained formal independence with the enactment of the Central Bank of Sri Lanka Act (Act 16 of 2023), replacing the Monetary Law Act. This step towards autonomy, largely influenced by conditions from the International Monetary Fund (IMF), aims to shield the CBSL from political influence. The rationale is straightforward: an ...
Sri Lanka's only national business newspaper | Daily FT
Govt. hatching plot to arrest GR, Salley over Easter Sunday attacks: Gammanpila . Tuesday, 4 February 2025 03:18. Pivithuru Hela Urumaya (PHU) Leader Udaya Gammanpila yesterday revealed a secret plot allegedly hatched by the National People’s Power (NPP) Governm ..
World Bank ups Sri Lanka’s growth projection from 2.2% to 4.4
Oct 11, 2024 · The World Bank yesterday announced that Sri Lanka’s economy has shown signs of stabilisation, projecting growth to surpass the earlier estimate of 2.2% now expected to reach 4.4% in 2024. This positive outlook follows four consecutive quarters of growth, primarily driven by the industrial and tourism sectors. The findings were part of the multilateral donor’s bi-annual report, ‘Sri Lanka ..
Political rupture in Sri Lanka: What lies ahead? | Daily FT
Oct 8, 2024 · 21 September was a day of many firsts in Sri Lanka. Millions of people went to the polls to vote in the first Presidential elections since mass protests forced the country’s last elected president, Gotabaya Rajapaksa, from office in 2022. 1, 2 It also marked the first time in Sri Lanka’s history that a second round of counting had to take place after none of the candidates secured the 50% ...
Sri Lanka's only business publication - Daily FT
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Visa eyes Sri Lanka’s digital payment boom amid emerging
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President announces PAYE tax relief | Daily FT
Dec 19, 2024 · President Anura Kumara Dissanayake making a special statement in Parliament yesterday announced significant relief for professionals through adjustments to the Pay-As-You-Earn (PAYE) tax structure, as part of broader measures aimed at stabilising the economy. ..