The cost of a traditional kevili table for the Sinhala and Tamil New Year has risen by 7%in 2026 compared to 2025. A kevili table, a customary feature during New Year celebrations in Sri Lanka, includes an assortment of traditional sweetmeats symbolising prosperity and happiness. In 2026, prices increased for six of the eight items included in the kevili table. The sharpest rise was recorded in aluwa which increased by 25.8% driven by a 43.6% increase in…
The Committee on Public Finance (CoPF) met on 07th April 2026 under the chairmanship of Hon Member of Parliament Dr. Harsha de Silva. The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe, along with members of the Governing Board, the Monetary Policy Board, and senior officials, attended the meeting as part…
Sri Lanka’s economic growth is expected to moderate to 4.0% in 2026 and climb to 4.2% in 2027, following two consecutive years of strong 5.0% growth. This forecast is based on an early stabilization scenario for the Middle East conflict, according to the Asian Development Outlook (ADO) April 2026, Asian Development Bank’s (ADB) flagship economic publication….
Economic growth in developing Asia and the Pacific is expected to slow to 5.1% in both 2026 and 2027, from 5.4% last year, weighed down by the conflict in the Middle East and continuing trade uncertainty, according to the latest forecasts by the Asian Development Bank (ADB). Regional inflation is projected to rise to 3.6%…
Hayleys Solar, Sri Lanka’s No.1 solar solutions provider, has successfully completed an 800kW rooftop installation for London Stock Exchange Group (LSEG), marking a significant milestone in the country’s corporate renewable energy landscape. Delivered within an impressive two-month period, the installation covers six buildings and features 1,412 high-efficiency solar panels. The system is expected to generate…
JXG, the well-established financial conglomerate comprising Janashakthi Insurance PLC, First Capital Holdings PLC, and Janashakthi Finance PLC, successfully concluded its Initial Public Offering (IPO), which opened for subscription on 9th April 2026. The issue was oversubscribed on the opening day and closed on the same day, reflecting the strong confidence and trust placed by investors…
The main opposition Samagi Jana Balawegaya (SJB) appears to have stayed away from recent discussions between Sri Lanka’s Parliament and an International Monetary Fund (IMF) delegation, despite invitations being extended to all political parties. Responding to a question raised by Ada Derana during a media briefing today (09), IMF Mission Chief to Sri Lanka Evan…
The Ministry of Agriculture, Livestock, Land and Irrigation, with technical assistance from the Food and Agriculture Organization of the United Nations (FAO) and financial support from the Government of Japan, has announced a new USD 1.33 million project to enhance water productivity and climate resilience in Sri Lanka’s minor tank-based ecosystems. The 12-month initiative (March…
IMF staff and the Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the combined Fifth and Sixth Reviews of Sri Lanka’s reform program supported by the IMF’s Extended Fund Facility. Once the review is approved by the IMF Executive Board, Sri Lanka will have access to about US$700 million in financing….
Joint Statement by the Heads of the International Monetary Fund, the World Bank Group and the World Food Programme The Heads of the International Monetary Fund (IMF), the World Bank Group (WBG) and the World Food Programme (WFP) met to discuss the global economic and food security impacts of the war in the Middle East. They issued the following statement: The Middle East war is upending lives and livelihoods in the region…
Video Story
