ECONOMYNEXT – Sri Lanka’s bank lending to private borrowers has outpaced credit to the government for the fourth month running in November 2024, central bank data showed, as budgets got better and loan demand grew. Banks loaned 96 billion rupees…
ECONOMYNEXT – Sri Lanka has hiked alcohol taxes by around 5.9 percent from January 11, which is higher than the rate of inflation as advocated by some interventionists, but lower than hikes in previous years, according to data in a…
Foreign tourist arrivals in Sri Lanka increased by 18.18% year-on-year to 248,592 in December 2024, following a 21.6% rise in the previous month, according to data from the Sri Lanka Tourism Development Authority. Among key markets, India (21.3%) remained the…
Leaf Lanka International (Pvt) Ltd, a company led by the young entrepreneur Hashan Gunathilaka, is set to redefine luxury hospitality in Sri Lanka. The company has recently acquired a 17-acre property in Matale and has embarked on an ambitious $6…
ECONOMYNEXT – Sri Lanka’s Cabinet of Ministers has granted tax concession for airlines which will operate flights to the island nation’s international airports with more capacity aiming to boost tourist arrivals. The move comes as Sri Lanka’s main Bandaranaike International…
Sri Lanka comes in 33rd globally for ‘easy to get visa’. Colombo climbs six places to come in 57th for ‘leader in science and technology’. Sri Lanka’s capital ranks 74th for ‘accessible and good quality healthcare’. London, New York, and…
ECONOMYNEXT – Sri Lanka missed the island nation’s 2024 tourist target of 2.3 million, but recorded its third highest annual arrival in the year with a 38.1 percent growth led by Indians and Russians, the official data showed. The Indian…
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 President Anura Kumara Dissanayake has called for just compassionate society, in his Christmas message as the country is recovering from the worst currency crisis in the history of its central bank. “Today, Sri Lanka stands at…
Sri Lanka’s tourism sector continues to show strong recovery and growth, as evidenced by a 21.6% year-on-year increase in foreign tourist arrivals for November 2024. According to the Sri Lanka Tourism Development Authority, the number of tourists reached 184,158, compared…
