• Mon. Apr 22nd, 2024

Month: April 2023

  • Home
  • USAID and ADB Help Power Sri Lanka’s Women in Energy

USAID and ADB Help Power Sri Lanka’s Women in Energy

Women working in Sri Lanka’s energy sector gained a powerful tool this week to promote their advancement in the industry with the launch of the Sri Lanka National Chapter of…

Sri Lanka seeks $17 billion debt reduction by restructuring

(AP) — Sri Lanka’s president urged lawmakers Wednesday to approve a four-year International Monetary Fund program to reduce the country’s debt by $17 billion through restructuring. Parliament began a three-day…

Corporate Earnings See First Downturn Since 2020 Amidst Economic Crisis

December (2022) quarter earnings declined by 43.9%YoY to Rs.96.4 billion for 281 listed companies on Colombo Stock Exchange (CSE) owing to sluggish performance primarily in the Capital Goods (-82.6%YoY), Transportation…

USAID Supports Power Up Trial of E-battery Swapping Stations in Colombo

The United States Agency for International Development (USAID) Sri Lanka Energy Program and Sling Mobility (Pvt.) Ltd. signed a grant agreement on April 18 to develop and operate two battery…

Analysis-Debt crunch looms for weaker economies with a wall of bond maturies ahead 

(Reuters) – A combination of sticky high interest rates and lacklustre global growth could push a number of emerging economies that are facing soaring refinancing needs into debt difficulties next…

Exporters turn less pessimistic on economic outlook despite expected revenue slowdown in 2023

In terms of the outlook for 2023 and in particular the first half of 2023, export firms have turned more optimistic in their views on the economy relative to six…

Sri Lanka’s Central Bank Printed Rs.77.05 billion in Q1

Central Bank of Sri Lanka (CBSL) printed Rs.77 05 billion in the first quarter of this year compared to a record Rs.588 billion a year ago. Money printing in March…

Sri Lanka’s Inflation projected to average 24.6% in 2023 – ADB

Asian Development Bank in a latest report projected Sri Lanka’s inflation to average 24.6% in 2023 as fiscal tightening and double-digit interest rates weigh on domestic demand, supply-side disruption eases,…