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WebSri Lanka plantation companies benefitted from weak rupee, labourers did not: Minister. "RPCs benefitted from weakening of the rupee that gave them an over 80% increase in rupee revenue in 2023 vs 2021". 1 min read.
CRIB: Shaping the future of Sri Lanka’s credit market
WebMonday December 12, 2022 11:05 am. The Credit Information Bureau (CRIB) plays an essential role in democratising credit and fostering financial inclusion for a sustainable and stable economy. In conversation with Echelon, Director and General Manager of the Credit Information Bureau in Sri Lanka, Nandi Anthony shed light on a few recent ...
How Sri Lanka’s electricity tariffs are expected to be revised ...
WebWednesday May 1, 2024 2:49 pm. ECONOMYNEXT – Sri Lanka’s Power and Energy Ministry has raised the profit margin on the widely used petrol and diesel to 4 percent in the latest price revision after reducing them a month ago, official data showed. President Ranil Wickremesinghe’s government reduced the price of widely used Octane 92 by ...
Sri Lanka’s Access Logistics Park gets 36-acre state land
WebWednesday January 19, 2022 10:17 am. ECONOMYNEXT – Sri Lanka’s Access group will get a 36-acre land in Ekala, Ja-Ela to build a logistics park, a government statement said. The Cabinet of Ministers had approved the long lease of 36 acre, 1 rood and 27.6 perches of land in Ekala, Ja-Ela to Access Logistics Park Ekala (Pvt) Ltd.
Sri Lanka projects higher economic growth than IMF up to 2027
WebApr 28, 2023 · Sri Lanka’s economy is projected to contract 2.0 percent in 2023 and expand 3.3 percent in 2024, in projections released in the central bank’s annual report. Growth will recover to 4.-0 percent by 2025, 4.4 percent by 2026 and 5.0 percent by 2027. The IMF is projecting -3.0 percent contraction in 2023 and a recovery to 1.3 percent by 2024.
Sri Lanka’s new price controls on eggs could lead to
WebAug 20, 2022 · The association said on Saturday August 19 that farmers may stop raising new chicks for egg production due to higher costs. On August 19, the Consumer Affairs Authority introduced new maximum retail prices for eggs effective immediately. The maximum retail price for a white egg is now 43 rupees while for a …
Economy | EconomyNext
Web3 days ago · Japan assures fast track to Sri Lanka's debt restructuring: State FinMin. Japan has assured strong backing to Sri Lanka's post-economic crisis revival. Sri Lanka's economy has stabilized, and growth is now emerging, due to macroeconomic reforms, State Minister of Finance Shehan Semasinghe said.
Sri Lanka says expects quick implementation of Paris Club debt …
WebWednesday November 29, 2023 5:12 pm. ECONOMYNEXT – Sri Lanka is looking forward to the quick implementation of the terms of a debt restructuring deal with the official creditor committee led by the Paris Club and India, the Finance Ministry said. “This agreement marks a landmark step for Sri Lanka. We extend our sincerest thanks to the OCC ...
Sri Lanka’s NIFL trades like an NFT in classic ... - EconomyNext
WebTuesday June 29, 2021 7:29 am. ECONOMYNEXT – Sri Lanka’s LOLC Development Finance, a finance company known s Nanda Finance (NIFL) before is take-over has been driven up like a proverbial non-fungible token (NFT) in Western markets powered by Federal Reserve money printing. NIFL rose to 495 rupees on …
Sri Lanka carbon credits need reform to be globally traded
WebSaturday October 12, 2019 8:50 pm. ECONOMYNEXT- Sri Lanka’s Carbon Crediting Scheme (SLCCS) needs to be further strengthened to be recognized globally, two World Bank specialists said, while lauding efforts made by early adopters. World Bank’s Climate and Energy Specialist Prajwal Baral and Carbon Finance specialist Keisuke Iyadomi in an ...
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