Economy News: Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 decreased to 5.9 percent in April 2020 from 7.0 percent in ...
Economy News: Up to 60m people will be pushed into "extreme poverty" by the coronavirus warns the president of the World Bank. David Malpass said the bank expects global economic ...
Economy News: Sri Lanka’s trade deficit widened in February 2020 as expenditure on imports increased at a faster pace than the increase in earnings from exports, the Central Bank reported ...
Economy News: The total official reserves of Sri Lanka were down from US$ 7,533.74 in March 2020 by US$ 353.84 million to US$ 7,179.9 million in April 2020, the latest ...
Economy News: Headline inflation as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100)1 declined to 5.2 percent in April 2020 from 5.4 percent in ...
Economy News: According to a ranking released by the Economist this week, Sri Lanka's economy is among the worst affected by the present COVID 19 crisis. Sri Lanka stands at ...
Economy News: The Securities and Exchange Commission of Sri Lanka has implemented a Three Tiered Circuit Breaker framework to be added to the S&P SL20 Index with a view to ...
Economy News: According to monthly exports statistics, merchandize export earnings have decreased by nearly 42% to US $ 646 Mn from US $ 1112 recorded in March 2019. Apparel sector ...
Economy News: Sri Lanka (B2 review for downgrade) is facing simultaneous domestic and external shocks amid the global coronavirus outbreak, Moody’s Investors Service said in an issuer in-depth analysis. According ...
Economy News: Central Bank expects Sri Lanka's real GDP growth to decelerate to around 1.5 percent in 2020 before the economy recovers to meet its anticipated potential in the medium ...
Economy News: The Asian Development Bank (ADB) and the Asian Institute of Management (AIM) today launched the #DigitalAgainstCOVID-19 virtual challenge to crowdsource digital solutions and ideas to help countries in ...
Economy News: Fitch Ratings today downgraded Sri Lanka’s sovereign rating predicting the economic shock from COVID-19 will further erode rising public and external debt sustainability. Full statement KEY RATING DRIVERS ...
Economy News: The global economic shock of the COVID-19 pandemic has driven most commodity prices down and is expected to result in substantially lower prices over 2020, the World Bank ...
Economy News: Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) decreased to 7.0 percent in March 2020 from 8.1 percent in ...
Economy News: ICRA Lanka expects the Sri Lankan economy to face a recession of magnitude -1.9% in 2020 with a U-shape recovery path returning to its pre-crisis level by Q1 ...
Economy News: The Ceylon Chamber of Commerce, in a communication to the President has proposed a Shared Vision, Economic Recovery Strategy and Stimulus Plan targeting an accelerated Post-COVID-19 recovery of ...
Economy News: Moody’s Investors Service (“Moody’s”) has today placed the Government of Sri Lanka’s long-term foreign currency issuer and senior unsecured B2 ratings under review for downgrade. The decision to ...
Economy News: PMI recorded the all-time low index value of 30.0 in March 2020 with a decline of 23.6 index points from February 2020. The decline of manufacturing PMI was ...
Growth projected to recover next year, hitting 5.8%, but level of GDP to remain below pre-virus trend, IMF report shows Economy News: The International Monetary Fund (IMF) projected the global ...
Economy News: The Sri Lankan rupee has appreciated to 195.78 against the US Dollar when compared with the previous selling rate of Rs. 200.46. The buying rate of a rupee ...
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