ECONOMYNEXT – Sri Lanka is expecting 250,000 tourists in December 2024 after the new administration ended a visa system Buddhika Hewawasam, Chairman of Sri Lanka Tourism Authority and Promotions Bureau said. Sri Lanka tourism sector was hit by a visa…
ECONOMYNEXT – Sri Lanka is likely to miss its 2023 target of 2.3 million tourist arrivals despite a pick up in the numbers in the current tourism season, with the island nation likely to reach over $3 billion earnings from…
ECONOMYNEXT – Sri Lanka’s excess reserves deposited in the central bank above required reserves under a statutory ratio has reached 230 billion rupees, close levels that existed before a currency crises gathered pace in 2021, official data show. On Thursday…
ECONOMYNEXT – Sri Lanka’s Hambantota Port is boosting its container handling volume to one million twenty-foot equivalent unit (TEUs) a year with new equipment and a feeder service with Colombo is expected shortly, a statement said. The port has spent…
ECONOMYNEXT – Sri Lanka’s construction sector rebounded in October registering an index value of 54.3, from 48.6 in September, following the resolution of election-related uncertainties, according to a Purchasing Managers Index compiled by the central bank. “Many respondents mentioned that…
ECONOMYNEXT – A committee of bondholders who negotiated with Sri Lanka to restructure defaulted bonds for GDP-linked new bonds, the first of its kind, have said they will take up the new bonds and urged all other holders to participate.…
ECONOMYNEXT – Chinese Ambassador to Sri Lanka Qi Zhenhong during his visit to the island nation’s Northern Province, which is close to India, said ethnic minority Tamils have made ‘a correct decision’ in helping ruling Marxists-leaned National People’s Power (NPP)…
ECONOMYNEXT – Sri Lanka President Anura Kumara Dissanayake’s National People’s Power left rivals far behind in results declared in the 2024 general elections, raking in over 65 percent of the vote. The NPP also scored the most votes in the…
ECONOMYNEXT – Under Sri Lanka’s President Anura Dissanayake and his Marxist-leaning National People’s Power (NPP) government, Sri Lanka’s banking sector is likely to experience significant changes and challenges as it navigates policy shifts focused on economic redistribution, social reforms, and…
ECONOMYNEXT – The Colombo Stock Exchange closed up on Friday, data on its site showed. The broader ASPI closed up 0.57 percent, or 72.67 points, at 12,800; while the more liquid S&P SL20 Index closed up 0.20 percent, or 7.50…
