President Anura Kumara Dissanayake Introduces New Economic Policy Framework
On January 2, 2025, President Anura Kumara Dissanayake announced a new economic policy framework aimed at addressing Sri Lanka’s ongoing economic challenges. This announcement was made during the launch of the ‘Clean Sri Lanka’ program, which the President highlighted as a key initiative for the year. The ‘Clean Sri Lanka’ Program: A Call for Active […]
Stock market ends 2024 with highest ever value of Rs. 5.69 trillion
The Colombo Stock Exchange (CSE) closed the year 2024 with its highest-ever market capitalization of Rs. 5.69 trillion, marking a remarkable performance in the stock market. This milestone provided long-term investors with an impressive 50% return, highlighting the market’s strong recovery and growth. Market Milestones and Growth The total market value surged by 34% compared […]
President’s Initiative for Tourism Enhancement
President Anura Kumara Dissanayake has taken decisive steps to transform Sri Lanka into a premier tourist destination. Recognizing the potential of the nation’s unique cultural and environmental assets, the President is actively promoting the “Clean Sri Lanka” initiative, aimed at boosting Sri Lanka’s appeal to global tourists. Strategic Meeting at Presidential Secretariat A pivotal meeting […]
Sri Lanka’s Tourism Surge: A Thriving Holiday Season Attracts Over 200,000 Visitors
In December 2024, Sri Lanka has experienced an exceptional boost in tourism, welcoming over 200,000 visitors and showing a significant uptick in domestic travel. This growth signifies a robust recovery for Sri Lanka’s tourism sector, which has rebounded from numerous challenges over the past five years. Strategic Visits and Environmental Initiatives by Deputy Minister Prof. […]
Stay Safe, Pay Safe and Avoid Festive Frauds – Visa Shares Tips for Consumers This Festive Season
Colombo, Sri Lanka – With the holiday season now underway, Visa, the global leader in digital payments, reminds shoppers to stay vigilant amidst a rise in fraud schemes(Stay Safe Pay Safe). Visa’s Payment Ecosystem Risk and Control (PERC) team released the 2024 Holiday Threats Report, outlining common methods fraudsters use to steal money, data, and […]
Strong political commitment to usher growth and stability: Govt.
The government has pledged unwavering support to drive economic growth and ensure stability across the nation. In a recent press briefing at the Presidential Media Centre, key figures like Labour Minister and Deputy Minister of Economic Development Dr. Anil Jayantha Fernando and Deputy Minister of Finance and Planning Dr. Harshana Suriyapperuma showcased the government’s progress […]
Exports top $ 14 b mark in first 11 months
Sri Lanka’s exports have shown commendable performance over the first 11 months of 2024, surpassing the significant $14 billion mark in total value, indicating robust growth across various sectors. This upward trend in the nation’s export sector reflects an overall year-on-year (YoY) growth of over 6%, which is a testament to the resilience and potential […]
Govt. to reactivate Export Development Council of Ministers to drive $ 45 b export goal
In an ambitious move to elevate its export figures to a staggering $45 billion, the Sri Lankan government has announced its decision to reactivate the Export Development Council of Ministers (EDCM). This strategic initiative underscores the country’s commitment to enhancing its economic landscape and achieving significant growth in its export sector. The Strategic Role of […]
Analyzing the Impact of Tax Reductions on Sri Lankan Businesses
Tax reforms have long been a strategic tool for governments worldwide to drive economic growth, attract investments, and support struggling industries. Sri Lanka, a nation that has faced significant economic hurdles, is no exception. Recent reductions in taxes, implemented through fiscal policies, have spurred debates about their potential implications for businesses across the country. This […]
Economy grows by 5.5% in 3Q, powered by industrial sector
Sri Lanka’s economy showcased robust growth in the third quarter of 2024, achieving a 5.5% increase compared to the same period in previous years. This marks the highest growth rate since 2021 and is a continuation of the positive trend observed since September 2023. This article provides an in-depth analysis of the contributing factors and […]