Leading luxury Tour Operator Kuoni pledges backing for Sri Lanka
Leading luxury Tour Operator Kuoni has pledged to drive bookings to Sri Lanka by holding its first overseas sales managers’ conference since pre-pandemic 2019 in the country. Sri Lanka has long…
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…
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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…
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,…
Share price of over 55% CSE-listed hotels up since March 2022
Since Sri Lanka’s worst economic crisis in Mar 2022, the share prices of nearly 55% of thehotels listed in Colombo Stock Exchange (CSE) have risen on a Year-on-Year basis, according…
Seven parties including China’s Sinopec shown interest to build an export-oriented oil refinery in Hambantota
Seven parties including China’s Sinopec have shown interest to build an export-oriented oil refinery in Hambantota, Minister of Power and Energy Kanchana Wijesekera tweeted. Grant & Shearer Ltd from Nigeria,…
Debt-stricken Sri Lanka to receive first tranche of IMF bailout funds in two days
(Reuters) – Sri Lanka will get the first $330 million tranche of the International Monetary Fund’s bailout in the next two days, the global lender said on Tuesday, putting the…