All Stories in Economic

Policy Clarity from New Sri Lanka Government is Key

Policy Clarity from New Sri Lanka Government is Key

Greater clarity over economic policy matters more for the credit than the party composition of Sri Lanka’s next government, says Fitch Ratings. Improved economic policy credibility and coherence would strengthen Sri Lanka’s resilience to growing investor uncertainty towards emerging Asia. The establishment of a new …

Sri Lanka Wants to Be the Next Singapore as War Legacy Fades

Sri Lanka Wants to Be the Next Singapore as War Legacy Fades

Sri Lanka is moving past its history of ethnic strife and seeking to emulate Singapore, Hong Kong and Dubai as one of the region’s premier trading and financial hubs, a …

Shares end at 7-month high on stability hopes after polls

Shares end at 7-month high on stability hopes after polls

Sri Lankan shares closed at their highest level in seven months in a truncated session on Monday on hopes that political stability after the Aug. 17 parliamentary elections would help boost investor sentiment, brokers said. Sri Lankans went to the polls on Monday to elect …

How Sri Lanka’s Election Could Impact Economy

How Sri Lanka’s Election Could Impact Economy

Lanka Rating Agency CEO and Managing Director Adrian Perera discusses the election in Sri Lanka and how the outcome could help the nation’s economy. He speaks to Bloomberg’s Shery Ahn on “Trending Business.”

Revenue on excise, vehicle tax  jumps over 20pc

Revenue on excise, vehicle tax jumps over 20pc

Sri Lanka’s government revenues jumped by more than a fifth in the first seven months of this year, data showed on Thursday, as the new government sought to improve tax collection and cracked down on corruption. The data were released ahead of a parliamentary election …

Respect labor rights to regain GSP+; wage hike alone not enough: GZEU

Respect labor rights to regain GSP+; wage hike alone not enough: GZEU

Sri Lanka’s Free Trade Zones and General Services Employees Union has called apparel exporters to protect labour rights to regain the tax concessions under GSP Plus. The union has recalled a meeting held recently with the Prime Minister where apparel exporters agreed to raise wages …

Farming recovery in Sri Lanka’s ex-war zone

Farming recovery in Sri Lanka’s ex-war zone

Since Sri Lanka’s three-decade civil war ended in 2009, Nagarathnam Ganeshan has faced a major new uncertainty: how much water he will have to grow his crops. A paddy farmer from the village of Visuvamadu in Mullaitivu district, deep inside the former war zone in …

Sri Lanka seeks compromise on China-backed port city project

Sri Lanka seeks compromise on China-backed port city project

Sri Lanka is offering a compromise that could allow a major Chinese-backed real estate project to restart after months of delays, Finance Minister Ravi Karunanayake told Reuters on Monday. The minister’s comments come a week before a parliamentary election in which the ruling party has …

Shares hit over 6-mth closing high on telecom, large-caps

Shares hit over 6-mth closing high on telecom, large-caps

Sri Lankan shares erased early losses to close at a more than six-month high on hopes of political stability after the Aug. 17 parliamentary elections and better corporate earnings in the April-June quarter, brokers said. The main stock index edged up 0.1 percent, or 7.34 …

US – LANKA JOINT VENTURES FOR TEA

US – LANKA JOINT VENTURES FOR TEA

The Tea Exporters’ Association has proposed to the US Embassy in Colombo for the creation of awareness for superior quality of Ceylon tea amongst the US consumers and possible joint ventures between the US and Sri Lankan companies in the private sector. The TEA has …