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Sri Lanka state finmin reiterates “no intention” for domestic debt haircut 

ECONOMYNEXT: Sri Lanka’s dollar earnings from service exports is hard to track and such inflows are not recorded as they are kept outside the country, an Export Development Board official said. “We face a huge challenge as we can’t get the statistics for services sector export,” an Export Development Board (EDB) Official told EconomyNext asking […]

Sri Lanka’s tax hike will help curb inflation, cut interest rates faster – cenbank chief 

ECONOMYNEXT – Sri Lanka’s Ceylon Tea production is down 22.44 percent in October 2022 from a year earlier to 18.7 million kilograms while the total output for the ten months dipped 18.3 percent from the previous year, mainlydue to bad weather, top official said. “The production during the October month dropped because we had heavy […]

Sri Lanka cenbank borrows mainly from short tenure T-bills to manage high cost – Governor

ECONOMYNEXT — Sri Lanka is pursuing the option of purchasing crude oil from Russia at discounted rates and has had several rounds of talks with Moscow in that regard, Foreign Minister Ali Sabry said. In an interview with India’s WION television network, Sabry said on Wednesday November 23 that Sri Lanka would “want to work […]

Sri Lanka shares gain over 1.5% in mid day trade

ECONOMYNEXT – Sri Lanka’s 21st amendment to the constitution is an eyewash that has not stripped the office of the executive president of any of its powers as promised, opposition Tamil National Alliance (TNA) legislator M A Sumanthiran said. Speaking in parliament during the second reading of the 2023 budget on Tuesday November 22, Sumanthiran […]

Sri Lanka shares gain in mid-day trade

ECONOMYNEXT – Migrant workers who are leaving for foreign jobs without registering or on visit visas are at higher risk of getting into trouble officials said, as sex-trafficking ring in Oman involving young women from Sri Lanka was uncovered. D D P Senanayaka, General Manager of the Foreign Employment Bureau (SLBEF) said, the authorities can […]

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