Fitch Upgrades Ceylon Electricity Board to ‘BB+(lka)’; Outlook Stable
Sri Lanka’s government is planning to take over 70 percent of debt owed by the Ceylon Electricity Board to the
IMF Chief Acknowledges Common Framework Progress, Urges Swifter Action in Global Economic Reforms
Kristalina Georgieva, the Managing Director of the International Monetary Fund, shared her perspective on the progress of the Common Framework,
Sri Lanka to Lift Import Restrictions on Most Items, Excluding Vehicles, State Minister Announces
In a significant move, State Minister of Finance, Ranjith Siyambalapitiya, has revealed plans to issue a Gazette notification tonight, relaxing
Sri Lanka tourism revenue more than triples in September 2023
Sri Lanka’s tourism revenues grew more than triple to $152.2 million in September 2023 from a year earlier, as the
Emerging economies face China and rate pressures as IMF, World Bank meet
Emerging economies are facing headwinds from all sides, with a recent selloff in U.S. Treasuries and China’s slowing economy adding
Fiscal Consolidation to Progress Slowly Among APAC Sovereigns
Fitch Ratings expects general government (GG) debt/GDP to fall for around half of sovereigns in Asia over 2023-2025. However, the
Crisis-hit Sri Lanka’s brain drain hits ICT sector’s workforce; requires 100,000 more – official
Sri Lanka’s Information and Communication Technology (ICT) sector is facing a dearth of skilled workforce with most having already left
Fitch affirms rating on 15 Sri Lankan Banks
Fitch Ratings has affirmed ratings on 15 Sri Lankan banks, Fitch said in a statement. The statement is given below:
Sri Lanka resumes rate cuts to boost growth as inflation cools
Sri Lanka’s central bank resumed interest rate cuts on Thursday to boost growth and as the government seeks to lift
Green economic recovery top priory for EU in Sri Lanka
The European Union (EU) Delegation to Sri Lanka and the Maldives is launching its campaign “Let’s Go Green” on the