ECONOMYNEXT – Sri Lanka’s Samagi Jana Balawegaya stood for a market based economy where the private sector generated wealth and the state intervened to help the vulnerable and also essential areas like national security which the state must provide, its…
Sri Lanka experienced a significant boost in foreign tourist arrivals, with numbers rising by 21.37% year-on-year to 252,761 in January 2025. This follows an 18.18% increase in the previous month, indicating a positive trend for the country’s tourism sector. India…
ECONOMYNEXT – Sri Lanka stocks closed 2.9 percent weaker on Wednesday due to a possible correction, with some profit taking leading to selling pressure, brokers said. “The market was down partly because of a correction, and partly due to selling…
Surge in card transactions by tourists was driven largely by in-store use of debit cards Domestic debit spends grew by 45% while cross-border debit spends grew by almost 30% Domestic cardholders in Sri Lanka spent 35%+ more than in 2023…
ECONOMYNEXT – Sri Lanka’s Attorney-General has released three key suspects in the long-running assassination case of high-profile editor Lasantha Wickrematunge, according to documents in a move that has stunned those who were seeking justice. Attorney-General Parinda Ranasinghe (Jnr) has ordered…
ECONOMYNEXT – Shangri-La Colombo rang in the Year of the Snake with a celebration that featured a lion dance, blessings and Chinese customs. The celebrations began with the lion eye-dotting ceremony, a revered ritual believed to awaken the lions’ spirits…
ECONOMYNEXT – Artificial intelligence must augment knowledge, and help to improve an individual’s skills, not replace it or take control, observes Dr Ganesh Natarajan, Chairman and Co-Founder of Lighthouse Communities. Speaking at a web talk on “The Future of India’s…
ECONOMYNEXT – The Colombo Stock Exchange indices ended up on Monday, driven by banking sector stocks, data on its site showed. Despite high volatility in indices Colombo All Share Price Index traded above the 16,200 mark. “Bull run is continuing,”…
ECONOMYNEXT – Sri Lanka’s cost of living will rise to the 5 to 7 percent target, in the second half of 2025, the central bank has said, ending falling price it has achieved under broadly deflationary monetary policy since the…
ECONOMYNEXT – The US Embassy in Sri Lanka has launched a conservation project to protect the ancient Thuparama Image House, funded by a 109,000 dollar grant (32 million rupees) from the US Ambassadors Fund for Cultural Preservation (AFCP). The Thuparama…
