A country cannot preserve sovereignty and independence amid economic collapse New reforms and transformations are essential to rebuild the economy – President President Anura Kumara Disanayake, delivering the keynote address at the international conference “Sri Lanka’s Road to Recovery: Debt and Governance” in Colombo yesterday (16), declared that by 2028 Sri Lanka will have laid…
The Colombo Stock Exchange closed in negative territory on Monday (16), weighed down by losses across key blue-chip counters and a broader market sell-off. The benchmark All Share Price Index (ASPI) fell by 66.89 points, or 0.38%, to close at 17,360.19, while the more liquid S&P SL20 Index dropped 36.38 points, or 0.70%, ending the…
The Department of Census and Statistics (DCS) Sri Lanka, has released the estimated Gross Domestic Product (GDP) at current price and at constant (2015) price in Production approach and the other macroeconomic indicators for the first quarter (January 1st to March 31st) of 2025. The GDP for the first quarter of 2025 at constant price…
President Disanayake Meets IMF Deputy Managing Director Gita Gopinath President Reiterates Commitment to Attracting Investment and Advancing a People-Oriented Economic Agenda President Anura Kumara Dissanayake met with the Deputy Managing Director of the International Monetary Fund (IMF), Ms. Gita Gopinath, and the delegation this morning (16) at the Presidential Secretariat. During the meeting, President Disanayake…
With increasing tariffs, developments in the Middle East, uncertainty around energy prices, Sri Lanka has no room for policy errors, according to a stark warning issued by Dr. Gita Gopinath, the First Deputy Managing Director (FDMD) of the International Monetary Fund (IMF). According to Dr. Gita Gopinath, a sound fiscal policy will be very critical…
President Anura Kumara Dissanayake states that he hopes to make the current Extended Fund Facility (EFF) program with the International Monetary Fund (IMF), the last such program Sri Lanka will need to undertake with the IMF. President Dissanayake made this remark while addressing the “Sri Lanka’s Road to Recovery: Debt and Governance” conference, organized by…
Central Bank Governor Dr. Nandalal Weerasinghe says Sri Lanka is now at a pivotal midpoint in its IMF-backed reform journey, highlighting marked progress in macroeconomic stabilization, institutional reform, and international cooperation since the country’s economic collapse in 2022. Speaking at the high-level conference on “Sri Lanka’s Road to Recovery: Debt and Governance”, co-hosted by the…
hSenid Business Solutions PLC (hSenidBiz) has reported its financial results for the fourth quarter of FY2025, with a strong topline performance and continued margin improvements. Total revenue for the quarter reached LKR 499.8 million, reflecting a year-over-year growth of 15 percent in LKR terms and 22 percent in constant currency (USD) terms. The growth was…
The Sri Lanka Institute of Directors (SLID) will conduct a Family Business Forum on 17th June 2025 at the Cinnamon Grand Colombo, commencing at 05.30 p.m. SLID is partnering the Securities and Exchange Commission of Sri Lanka (SEC), the Colombo Stock Exchange (CSE) and KPMG in this endeavour. Themed “Building a Lasting Family Legacy: A…
Governor of the Central Bank of Sri Lanka Dr.Nandalal Weerasinghe, together with senior officials of the CBSL welcomed Dr. Gita Gopinath, First Deputy Managing Director of the International Monetary Fund (IMF) and Dr. Krishna Srinivasan, Director of the Asia and Pacific Department (IMF) along with other senior officials. This is ahead of the milestone conference…
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