ECONOMYNEXT – The Colombo Stock Exchange’s more liquid index, the S&P SL20, which tracks the top 20 largest and most liquid stocks, went beyond the 5,000 mark during mid-morning trade Friday. The Index was up 0.60 percent, or 29.87 percent,…
ECONOMYNEXT – Sri Lanka continued to record a surplus in the current account in the third quarter of 2024, central bank data show as new borrowings were halted by bilateral lenders and debt repayments continue to multilateral lenders and foreign…
ECONOMYNEXT – Sri Lanka’s women entrepreneurs lack networking opportunities with industry leaders, the country’s Export Development Board (EDB) has said. The trade body recently conducted a networking and knowledge sharing session for women entrepreneurs registered under the Women Entrepreneurship Development…
(Washington, USA) The death of Jimmy Carter has brought to the fore a defining characteristic of the late US president’s life: his “decency,” seen as a product of a bygone era in today’s caustic politicalenvironment. Joe Biden on Monday repeated…
ECONOMYNEXT – Donald Trump supporter Elon Musk has stirred up a controversy over his remarks about the partner of Alice Weidel, a top leader of Alternative for Germany (AfD) party, which has been promoting nationalism. Musk in an op-ed published…
ECONOMYNEXT – A hike in Sri Lanka’s bank deposits is a tax credit that can be deducted when a person files an income tax return and it is not an increase in the final income tax, Deputy Finance Minister Anil…
ECONOMYENXT – The non-contributory nature of Sri Lanka’s Public Services Pensions (PSP) scheme has become a significant burden on the country, as pension benefits are funded directly from government revenue through general taxation, a research article by the Institute of…
ECONOMYNEXT – Sri Lanka’s cabinet of ministers have approved and extension of exchange controls in a proposed by the central bank to extend for six months exchange controls which expired on December 19. The cabinet has approved extending the exchange…
ECONOMYNEXT – Sri Lanka’s rupee was quoted at 290.75/80 to the US dollar in Tuesday early trade slightly weaker from Monday’s close of 290.70/80, dealers said, while bond yields were broadly steady. A bond maturing on 15.12.2026 was quoted at…
ECONOMYNEXT – Sri Lanka has relaxed import licensing on rice, a staple food, till December 20, in bid to reduce rising local prices, but still kept a 220 dollar at tonne import tax in place, which is almost 50 percent…
