Workers’ Remittances Inflows Off to a steady start in January
Workers’ remittances inflows jumped 11.4 percent Year-on-Year (Yoy) to $487.6 million in January this year, slightly below US$ 570 million recorded in festive December last year and failing to cross…
Geopolitical Storm in Red Sea, Sri Lanka joins the US-led campaign to fight Houthis
By Asanga Abeyagoonasekera A perfect geopolitical storm is churning the waters in three geographies: the Black Sea due to the Ukraine war, the Red Sea due to the Houthis and…
Electoral uncertainty casts a shadow over Sri Lanka’s progress
By Prof.Neil DeVotta The Sri Lankan economy stabilised in 2023, with assisted recovery measures including an Extended Fund Facility Program with the International Monetary Fund and loans from the Asian…
CSE declining streak extended to 10 session
Once again, the Colombo Bourse closed in the red zone, with the blue-chip and banking counters dragging the index down for its 10th consecutive fall. The All Share Price Index…
Sri Lanka inflation quickens for third month as economy rebounds
Sri Lanka’s inflation climbed in December for a third straight month as a rebound in economic activity boosted consumption. The consumer price index in Colombo rose 4 percent from a…
Colombo Bourse records the largest gain in a month
Colombo Bourse settled firmly in the green zone trading positively throughout the day, continuing its upward trend for the third consecutive day, recording the biggest gain in the past month.…
U.S. International Development Finance Corporation, America’s development finance institution, to fund CWIT, Adani’s JV in Sri Lanka, for USD 553 Million
Development of CWIT will support the growth of the Sri Lankan economy U.S. fund will support development of deepwater shipping container terminal in the Port of Colombo Will facilitate private…
United States Commits Half Billion Dollars to Port Infrastructure in Colombo
The U.S. International Development Finance Corporation (DFC) today announced it has committed more than half a billion dollars to support the development of a deepwater shipping container terminal in the…
COPF Clears New Tax Measures aimed at Closing Tax Loopholes existed Soap Production Import Materials
The Committee on Public Finance (COPF) convened last week to address critical matters pertaining to the importation of ‘soap noodles’ for soap production and to consider the Order under the…
Mundra Port celebrates 25 years of stellar
operations and unparalleled growth
One of the world’s largest ports, with over 260 MMT capacity Handled over 155 MMT in FY 23, nearly 11% of India’s maritime cargo EXIM gateway for container traffic, 33%…