ECOOMYNEXT – Sri Lanka will introduce new legislation to promote public private partnerships and foreign investment, Minister Vijitha Herath has said. “An overarching new legislation will be introduced to safeguard the rights of the investors and provide a conducive environment…
ECONOMYNEXT – Vidullanka’s proposed listed secured sukuk issuance of 500 million rupees has been assigned an expected national long-term rating of ‘A+(lka)(EXP)’, by Fitch Ratings. The proceeds from the issue will be used to refinance Vidullanka’s short-term loans and for…
ECONOMYNEXT – Sri Lanka has posted a 130 million US dollar surplus in the external current account in January 2025, compared to an 81 million US dollar surplus central bank provisional data showed. Sri Lanka’s central bank, which started to…
ECONOMYNEXT – Top Central Bank officials of Sri Lanka and India discussed possibilities and potentials of enhancing the use of local currencies of the both countries in cross-border transaction, the Indian High Commission in Colombo said in a statement. The…
ECONOMYNEXT – Sri Lanka’s Three Acre Farms, a hatchery, said revenues fell 58 percent in the December 2024 quarter from a year ago to 1.3 billion rupees amid lower demand for day old chicks as chicken and egg prices fell.…
ECONOMYNEXT – Removing the current simplified value added tax (SVAT) system for export factories, without clear well-tested alternative could create cashflow issues for exporters at a time Sri Lanka’s Joint Apparel Exporters Association Forum said. Under a value added tax…
ECONOMYNEXT – Digital transformation is important for SMEs, Sri Lanka’s Export Development Board has said, adding that women entrepreneurs need to leverage branding and digital tools. The EDB and the International Trade Centre (ITC) recently conducted a Training of Trainers…
ECONOMYNEXT – Sri Lanka stocks closed 1.3 percent stronger on Monday amidst Sri Lanka budget presentation, brokers said. The indices climbed steadily throughout the session, nearing the all time high of the All Share Price Index (ASPI). “Market was up…
ECONOMYNEXT – Rumblings of discontent with within Sri Lanka’s main opposition Samagi Jana Balawegaya to a head, with information coming out that senior parliamentarian Harsha de Silva being denied Colombo district leadership, party officials said. “I was not given the…
ECONOMYNEXT – Sri Lanka stocks closed 1.3 percent weaker on Tuesday for the second straight session, brokers said. “Market’s down mainly because investors are waiting for the budget, people are looking for direction,” Ranjan Ranatunga, Assistant Vice President – Research…
