FINANCIAL CHRONICLE – In the week ending July 16, foreign investments in Sri Lankan rupee bonds reached a new high, marking the most significant level […]
Category: Economy
Coverage of macroeconomic trends, fiscal and monetary policy, public finance, inflation, debt, and structural reforms impacting the national economy.
Should the State Continue to Grow?
There are few subjects in Sri Lankan politics that attract more applause than expanding the public sector. Announcements of new recruitments are invariably welcomed by […]
Should the State Continue to Grow?
There are few subjects in Sri Lankan politics that attract more applause than expanding the public sector. Announcements of new recruitments are invariably welcomed by […]
Is the Recovery Reaching Your Pocket?
There is an old observation in economics that recessions end long before people believe they have ended. It is equally true that recoveries begin long […]
Sri Lanka’s Service Sector Sees Growth in June 2026, Fueled by Financial and Professional Industries: PMI Report
FINANCIAL CHRONICLE – The services sector in Sri Lanka demonstrated growth in June 2026, as indicated by a Purchasing Managers Index (PMI) compiled by the […]
Sri Lanka’s Manufacturing Sector Sees Slower Growth Momentum in June 2026: PMI Report
FINANCIAL CHRONICLE – The growth of Sri Lanka’s manufacturing sector slowed down in June, with the Purchasing Managers Index (PMI) compiled by the central bank […]
Sri Lanka Customs Reaches 65% of July Revenue Goal Within Initial Two Weeks
FINANCIAL CHRONICLE – Data from Sri Lanka Customs indicates that the revenue generated during the first half of July has already surpassed 65 percent of […]
The Recovery’s Quiet Warning
Sri Lanka has stabilised. But stabilisation is not the same as resilience. There is an understandable temptation to breathe a sigh of relief. The queues […]
Sri Lanka Set to Unveil Five-Year National Strategy to Combat Money Laundering
FINANCIAL CHRONICLE – The cabinet of Sri Lanka has given its approval to a comprehensive five-year national strategy aimed at addressing money laundering and the […]
Sri Lanka’s Worker Remittances Reach Lowest Point in Seven Months for June 2026, Yet Show a Year-on-Year Increase of 9.3%
FINANCIAL CHRONICLE – Sri Lanka’s official remittances experienced a decline, reaching a seven-month low of $695 million in June 2026. Despite this drop, the figure […]
Sri Lanka Experiences 6.2% Decline in Foreign Reserves for June 2026
According to FINANCIAL CHRONICLE, Sri Lanka’s foreign reserves decreased by 6.2 percent, bringing the total to $6.45 billion by the end of June 2026, down […]
International Investors Acquire $3 Million in Sri Lankan Bonds as Rupee Stabilizes
FINANCIAL CHRONICLE – During the week ending on July 2, foreign investors purchased Sri Lankan government securities worth a net total of US$3 million, according […]
Sampath Bank in Sri Lanka Introduces Google Pay Services for Visa and MasterCard Users
Sampath Bank has launched Google Pay for all holders of Mastercard and Visa credit and debit cards, enhancing the availability of digital payment options for […]
Sri Lanka’s Central Bank Acquires $70.5 Million in June as Rupee Shows Signs of Stabilization
FINANCIAL CHRONICLE – In June, Sri Lanka’s Central Bank reported a net purchase of US$70.5 million, according to official statistics. This activity occurred as the […]
Central Bank Prolongs Administrative Period for Nation Lanka Finance’s Liquidation Process
Sri Lanka’s central bank has decided to prolong the appointment of the administrator for Nation Lanka Finance, which is currently facing difficulties, for an additional […]
Sri Lanka Customs Surpasses June Revenue Goals by 22%, Achieving 29.5% Growth in First Half of the Year
Sri Lanka Customs has surpassed its revenue goals for May by 22%, with first-half revenue for 2026 showing an impressive increase of approximately 29.5% compared […]
Sri Lanka Achieves Upper-Middle-Income Classification During Delicate Economic Rebound
The World Bank Group has officially upgraded Sri Lanka’s economic status from lower-middle-income to upper-middle-income as of July 1. Despite this positive development, the organization […]
Upper Middle Income, Lower Middle Reality: The Dangerous Illusion of Recovery
The recent announcement that the World Bank has reclassified Sri Lanka as an Upper Middle Income country has understandably been greeted by the Government as […]