ECONOMYNEXT – The International Monetary Fund program should look at cutting costs of the island’s bloated state instead of simply raising taxes on the people, former State Minister for Finance Eran Wickremaratne has said. The IMF has been promoting ‘revenue…
ECONOMYNEXT – Sri Lanka Podujana Party’s younger members are pushing for more liberal ideas in a globalized world from within, says Milinda Rajapaksha, a party activist and vocal leader representing the group. Following the currency collapse, shortages and high inflation…
November 10, 2024 (LBO) – Parliamentary elections are just days away, and a common theme I have heard over the last few days is that many people don’t know who to vote for. After Sri Lanka’s monumental 2024 presidential election,…
ECONOMYNEXT – Sri Lanka Podujana Party’s younger members are pushing for more liberal ideas in a globalized world from within, says Milinda Rajapaksha, a party activist and vocal leader representing the group. Following the currency collapse, shortages and high inflation…
ECONOMYNEXT – Sri Lanka’s central bank has bought 189.5 million US dollars from forex markets in October 2024, higher than the 96 million US dollars a month ago, official data showed. From around late 2022 the central bank has run…
ECONOMYNEXT – Sri Lanka’s trade deficit widened to 634 million US dollars in September 2024 from 429 million dollars a month earlier, while the services surplus plunged to 156 million US dollars from 287 million US dollars in August, official…
ECONOMYNEXT – Sri Lanka has generally seen anti-Indian sentiment rise close to its elections, but this has been notably absent in the run up to the general election on November 14. The most recent case when anti-Indian sentiment was whipped…
ECONOMYNEXT – Fitch Ratings has affirmed People’s Leasing & Finance’s (PLC) National Long-Term Rating at ‘A-(lka)’. The Outlook is Stable, the company said in a stock exchange filing. The rating reflects PLC’s financial strength as a large finance and leasing…
ECONOMYNEXT – The level of uncertainty surrounding the global economic outlook remains elevated as change in governments could bring about significant shifts in trade and fiscal policy, the International Monetary Fund (IMF) said in its latest World Economic Outlook (WEO)…
ECONOMYNEXT – Fitch Ratings has downgraded Sri Lanka’s Kotagala Plantations by three levels to ‘CCC(lka)’ from ‘B+(lka)’ and its listed unsecured debentures four steps to CCC-(lka) after a state driven wage hike. “We expect the statutory increase in labour costs…
