FINANCIAL CHRONICLE – State and private commercial banks in Sri Lanka have committed to paying up to 970 million rupees each for the opportunity to […]
Category: Economy
Coverage of macroeconomic trends, fiscal and monetary policy, public finance, inflation, debt, and structural reforms impacting the national economy.
Trump Imposes 25% Tax on Iran Trade Allies Amidst Decline in Sri Lankan Tea Prices
FINANCIAL CHRONICLE – President Donald Trump has announced that the United States will impose a 25 percent tariff on exports from countries that engage in […]
Sri Lanka’s Private Credit Reaches Record High of Rs262 Billion in November
Sri Lanka’s private credit from commercial banks has reached a record high of 262 billion rupees in November 2025, up from 246 billion rupees in […]
Sri Lanka’s Worker Remittances Surge 43.2% to Achieve Record High in December 2025
According to data from the central bank, Sri Lanka’s official remittances surged by 43.2% to reach a record monthly high of US$879.1 million in December […]
Remittances Power Sri Lanka’s External Flows as Tourism Revenue Falters
Sri Lanka’s external sector in 2025 was increasingly underpinned by workers’ remittances, which surged to record levels, even as foreign tourism revenue lagged behind growth […]
Sri Lanka Central Bank Acquires $250 Million Amidst Rupee Depreciation in December
FINANCIAL CHRONICLE – In December 2025, Sri Lanka’s central bank purchased 250.8 million US dollars from the public, while selling back 28.3 million dollars, according […]
Five Policy Imperatives for Resilient Economic Recovery in Sri Lanka Post–Cyclone Ditwah
One of the defining trends in modern economic history is that debt defaults and external shocks have devastating and long-lasting economic effects, which are often amplified by […]
Sri Lanka cash short banks borrow Rs48bn in central bank credit
Central bank lending to banks in Sri Lanka surged to 48 billion rupees on January 8, up from 19 billion rupees the previous day, according […]
Sri Lanka to get US$350mn equivalent cyclone aid in Indian rupees
India is set to disburse approximately USD 350 million, out of a total of USD 450 million committed for cyclone recovery efforts in Sri Lanka, […]
Sri Lanka government defends central bank’s 5-pct inflation target
FINANCIAL CHRONICLE – Sri Lanka’s Deputy Finance Minister has defended the central bank’s decision to set a 5 percent inflation target, emphasizing that it aligns […]
Sri Lanka to review inflation target with government in 2026
Sri Lanka’s central bank is set to review its agreement on the inflation target with the government in 2026, according to Governor Nandalal Weerasinghe. This […]
Sri Lanka’s 2026 economic growth will be around 4-5 percent: CB Governor
FINANCIAL CHRONICLE – Central Bank Governor Nandalal Weerasinghe has projected Sri Lanka’s economic growth for 2026 to be approximately 4-5 percent. This announcement was made […]
Sri Lanka foreign reserves rise to $6.8bn in December
In December 2025, Sri Lanka’s foreign reserves increased to 6.8 billion US dollars, representing a rise of 791 million dollars from the previous month, according […]
US$1.2bn in projects to start in 2026 in Sri Lanka’s Port City, $732mn awaiting nod
FINANCIAL CHRONICLE – Deputy Minister of Industries, Chathuranga Abeysinghe, announced that construction is anticipated to begin in 2025 for investments totaling 1.2 billion US dollars […]
Sri Lanka Port City Law to give 15-year tax holiday for billion dollar investments
Sri Lanka has enacted new legislation concerning the Colombo Port City, setting a cap of 15 years on tax holidays for investments of one billion […]
Sri Lanka Customs sets 2026 revenue target at Rs.2.207 bn, less than last year
Sri Lanka Customs has set a revenue target of 2,207 billion rupees for the current year, marking a 13.5 percent decrease from last year, primarily […]
Sri Lanka central government debt falls to 93.1-pct by Sept, despite depreciation
According to official data, Sri Lanka’s central government debt decreased to 93.1% of the gross domestic product (GDP) by September 2025, down from 96.1% at […]
Fixing Sri Lanka’s cyclone hit railway tracks to cost over US$330mn : Deputy Minister
Sri Lanka is expected to incur costs exceeding $350 million to reconstruct railway tracks damaged by Cyclone Ditwah, according to Deputy Minister of Transport, Prasanna […]