2025年1月27日 · Sri Lanka's 24x7 Business News Portal - Sri Lanka economy, business and finance, Sri Lanka rupee, Sri Lanka stocks, interest rates, bonds and foreign exchange on Adaderanabiz.lk

3 天之前 · Teejay Group, Sri Lanka’s first multinational textile manufacturer, announced a Year-to-Date (YTD) Profit after Tax of LKR 1.9 billion for Q3 (third quarter) of FY2024/25, marking a remarkable 234% increase compared to the same period last year. Group revenue reached an impressive LKR 49.8 billion for the period ending 31st December 2024, reflecting a 10%...

The latest report from the Sri Lanka Export Development Board reveals that the country achieved a record-breaking total export revenue of US$ 16.17 billion in 2024. This marks the highest export earnings in Sri Lanka’s history, surpassing the previous peak of US$ 15.72 billion recorded in 2018. The 2024 figure comprises US$ 12.70 billion from...

4 天之前 · Several decisions by the government to facilitate investors A nation cannot progress without a transformative shift in public attitudes. Economic resources and opportunities must be introduced at the village level. Plans to prepare Sri Lanka for a transformation in Southeast Asia Moving from an individual-targeted aid approach to a …

5 天之前 · Recent statements surrounding the status of Adani Group’s ~500 MW wind power projects in Sri Lanka have sparked several discussions about the project’s future circulating in the public domain. Various interpretations of the Cabinet’s recent decisions haves necessitated official clarification from government authorities regarding the …

2025年1月27日 · The index soars for the fourth consecutive month as economic indicators strengthen Recent upgrades by international rating agencies and healthy economic indicators have ignited a wave of optimism about biz prospects. Moody’s Ratings upgraded Sri Lanka’s long-term foreign currency issuer rating from ‘Ca’ to ‘Caa1’ with a stable outlook, after creditors approved the country’s US$...

Sri Lanka’s economy has stabilized, with growth expected to reach 4.4 percent in 2024, surpassing earlier forecasts. This positive outlook follows four consecutive quarters of growth driven by the industrial and tourism sectors and supported by critical structural and policy reforms, says the World Bank. Released today, the World Bank’s bi-annual Sri Lanka Development Update, titled Opening...

The merchandise trade deficit widened during the eight months ending August 2024 (provisional) compared to the same period in 2023, driven by a larger expansion in import expenditure relative to export earnings. Earnings from tourism and workers’ remittances improved during this period, strengthening the external current account. Meanwhile, …

Reuters – Sri Lanka’s central bank kept interest rates unchanged on Friday in line with expectations, citing domestic and global uncertainties, but said inflation was likely to remain low and the economy was doing much better than initially expected. The Central Bank of Sri Lanka (CBSL) kept the Standing Deposit Facility Rate at 8.25% and...

The Asian Development Bank’s (ADB) annual flagship economic publication, the Asian Development Outlook (ADO) April 2024, forecasts Sri Lanka’s economy to record moderate growth of 1.9% in 2024 and 2.5% in 2025 following 2 consecutive years of contractions. Sri Lanka is showing signs of recovery, with green shoots emerging in the second half of 2023. Inflation...