How Financial Strategy Can Turn Sri Lanka from a Perpetual Borrower into an Economic Fortress—and End Its Exclusion from the Global Wealth Club By Jithendra Antonio In the sterile corridors of the Central Bank of Sri Lanka, where foreign reserve monitors once displayed catastrophic readings of $50 million in 2022—a 99% collapse from $7.6 billion…
Reuters – Oil prices ticked up in early trading on Wednesday after ending the previous session up more than 4% on worries that the Iran-Israel conflict could disrupt supplies. Brent crude futures rose 19 cents, or 0.25%, to $76.64 a barrel by 0029 GMT. U.S. West Texas Intermediate crude futures rose 23 cents, or 0.31%,…
The International Monetary Fund’s Executive Board is scheduled to evaluate Sri Lanka’s fourth review under the Extended Fund Facility (EFF) on July 01, Dr. Gita Gopinath said during an exclusive interview with Ada Derana. Dr. Gopinath, the IMF’s First Deputy Managing Director, noted that Sri Lanka has made “lots of improvement” and “lots of progress”…
The Sri Lanka Export Development Board (EDB), together with the Asian Development Bank (ADB), is steadily progressing in the development of the National Export Development Plan (NEDP) for 2025–2029. As part of this ongoing initiative, the second round of discussions took place on 2nd June 2025 at the EDB premises, following the inaugural meeting held…
Signing of Agreement on Debt Restructuring between the Government of French Republic and the Government of the Democratic Socialist Republic of Sri Lanka in relation to External Debt Restructuring Process The signing of the bilateral Agreement with the Government of French Republic in relation to the External Debt Restructuring Process, is a significant milestone of…
Purchasing Managers’ Indices indicate improvements in both Manufacturing and Services activities in May 2025. Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 55.5 in May 2025, indicating an expansion in manufacturing activities. All sub-indices rebounded above the neutral threshold during the month, indicating a recovery from the seasonal slowdown…
The largest lottery prize in Sri Lanka’s history was won yesterday (16). It was the grand prize of Rs. 474,599,422 from draw number 2210 of the National Lotteries Board’s Mega Power lottery. The winning lottery ticket was sold by a sales agent from Gokarella. Previously, the record for the largest lottery prize in Sri Lanka…
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…
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