FINANCIAL CHRONICLE – According to a recent monetary policy report, Sri Lanka’s central bank anticipates an increase in the annual cost of living, targeting a […]
Category: Economy
Coverage of macroeconomic trends, fiscal and monetary policy, public finance, inflation, debt, and structural reforms impacting the national economy.
International Investors Acquire Sri Lanka Rupee Bonds Worth Nearly US$30 Million
Foreign investors purchased nearly USD 30 million worth of Sri Lankan government securities in the week ending February 12, continuing a trend that has seen […]
IMF Chief Set for Strategic Visit to Sri Lanka
The International Monetary Fund (IMF) has announced that its Managing Director, Kristalina Georgieva, will visit Sri Lanka from February 16 to 18. During her visit, […]
Sri Lanka Customs Reaches 63% of February Revenue Target in Just 12 Days
In the first 12 days of February 2026, Sri Lanka Customs has achieved over 63% of its revenue target for the month, as revealed by […]
Sri Lanka Imposes Strict Penalties on Local Foreign Currency Transactions
The Central Bank of Sri Lanka has issued a warning to residents against conducting transactions in foreign currencies within the country, highlighting the risk of […]
How the Rice Mafia Destroyed the Equilibrium of Paddy Cultivation in Sri Lanka
Sri Lanka’s rice economy is once again under intense public scrutiny, as critics allege that structural imbalances in the paddy value chain have allowed a […]
Investor Eyes Casino Operation in Sri Lanka’s Hyatt Building
A prospective bidder for Canwill Holdings, a state-owned company that possesses the partially constructed ‘Hyatt’ building in Colombo, has expressed interest in the possibility of […]
Sri Lanka Allocates $100 Million from World Bank for Development of Northern and Eastern Provinces
FINANCIAL CHRONICLE – Sri Lanka’s cabinet has approved a proposal to allocate $100 million from the $1,000 million funding provided by the World Bank’s International […]
Sri Lanka’s Foreign Reserves See Slight Decline in January 2026
In January 2026, Sri Lanka’s foreign reserves experienced a slight decline to 6.824 billion dollars from the previous month’s 6.838 billion dollars, despite the central […]
Sri Lanka to Eliminate Para-Tariffs and PAL, Announces Deputy Minister
Sri Lanka is set to eliminate para-tariffs, including the cess and the port and airport development levy, as part of a comprehensive tariff reform slated […]
Sri Lanka’s Private Credit Decelerates in December 2025 as Ditwah and Government Borrowings Surge
FINANCIAL CHRONICLE – In December 2025, credit extended by Sri Lankan commercial banks to private borrowers decreased to 182.8 billion rupees from a peak of […]
Sri Lanka Sees 31.1% Surge in Worker Remittances, Reaching US$751.1 Million in January 2026
Sri Lanka’s official remittances experienced a significant increase of 31.1% in January 2026, reaching US$751.1 million, according to data from the central bank. This upward […]
Sri Lanka Organizes Investor Call to Engage Bondholders
FINANCIAL CHRONICLE – The Sri Lankan government has announced an upcoming investor call to discuss various series of international bonds it has issued, as stated […]
Sri Lanka’s Foreign Policy Firmly Rooted in Economic Diplomacy, Says Foreign Minister
Sri Lanka’s foreign policy is heavily focused on economic diplomacy, prioritizing trade, investment, tourism, and innovation, according to Foreign Minister Vijitha Herath. During his address […]
Sri Lanka’s Central Bank Executes Over $1.1 Billion in Unsterilized Forex Sales to Address Debt Repayment
FINANCIAL CHRONICLE – Recent data from Sri Lanka’s central bank reveals that it has sold 356.1 billion rupees (approximately 1.1 billion US dollars) of foreign […]
Enhancing Trade with India: A Strategic Priority for Sri Lanka’s Risk Mitigation
FINANCIAL CHRONICLE – A former research expert from the Asian Development Bank has emphasized the importance of Sri Lanka increasing its trade with India to […]
Sri Lanka Central Bank Ready to Intervene Amid Rising Interest Rates: Governor
Sri Lanka’s central bank had the option to intervene to lower rising short-term interest rates, but these rates decreased on their own before any intervention […]
Sri Lanka Achieves $1.7 Billion Current Account Surplus Despite Debt Repayments
FINANCIAL CHRONICLE – Sri Lanka achieved a current account surplus of 1.7 billion US dollars in 2025, according to official data, highlighting net outflows through […]