Sri Lanka’s inflation has decreased to -0.5% in September 2024, compared to 0.5% in August 2024, according to the national consumer price index, the department of census and statistics said on today. The inflation in the food category which was reported at 0.8 percent in August decreased to -0.3percent in September, according to the department.
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The National People’s Power (NPP) government led by President Anura Kumara Dissanayake is to abandon initial plans by the previous rule to sell off or divest the cash-strapped SriLankan Airlines, an official said. The Chairman of the NPP Economic Council Prof. Anil Jayantha said the government believes that the national career should remain with the state given its significance for …
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“Sri Lanka Socio-Economic Data – 2024”, the annually published data folder of the Central Bank of Sri Lanka, is now available for public information. The current data folder is the 47th volume of the series. This easy-to-carry booklet contains information categorised under 14 topics, namely, Country Profile; Key Economic Indicators; Country Comparisons; Socio Economic Conditions; Human Resources; National Accounts; Agriculture; …
Continue ReadingThe Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 26 September 2024, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 8.25 per cent and 9.25 per cent, respectively. The Board arrived at this decision after carefully …
Continue ReadingThe Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 26 September 2024, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 8.25 per cent and 9.25 per cent, respectively. The Board arrived at this decision after carefully …
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The World Bank Group has extended its warm congratulations to Honourable Anura Kumara Dissanayake on his election as the 9th Executive President of Sri Lanka. In an official letter, Martin Raiser, Vice President for the South Asia Region of the World Bank, and Riccardo Puliti, Vice President for the Asia and Pacific Region of the International Finance Corporation, expressed the …
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Allocate Rs. 25,000 per hectare for the Maha season as a fertilizer subsidy. Implement a fuel subsidy specifically for fishermen. Honourable President Anura Kumara Dissanayake has instructed the Treasury to provide an allowance of Rs. 25,000 per hectare to paddy farmers for the Maha season of 2024/25. According to this initiative, the fertilizer subsidy, which was previously set at Rs. …
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According to the Consumer Affairs Authority (CAA), the prices of egg-based bakery products should also decrease in line with the reduction in the price of eggs in the market. He further emphasized that steps should be taken to pass this benefit on to consumers. The Chairman of the CAA, Thusitha Indrajith, stated that the price of an egg, which was …
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K.M.M. Siriwardena, who was re-appointed as the Secretary to the Ministry of Finance, Economic Development, Policy Formulation, Planning, and Tourism, resumed his duties today (25). Deputy Secretaries of the Treasury, heads of departments under the Ministry of Finance, and other senior officials attended the event.
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Fitch Ratings has affirmed Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘RD’ (Restricted Default) and Long-Term Local-Currency IDR at ‘CCC-‘. Fitch typically does not assign Outlooks to issuers with a rating of ‘CCC+’ or below. A full list of rating actions is at the end of this rating action commentary. Key Rating Drivers Restructuring Negotiations Ongoing: The sovereign remains …
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