• Editor
• June 6, 2024
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President Ranil Wickremesinghe announced plans to construct 250 new bridges across Sri Lanka to enhance road connectivity and maximize the benefits of national development projects for rural communities. The President made this announcement while addressing a celebration at the Shangri-La Hotel in Colombo today (03), marking the successful completion of 750 rural bridges by Janson Bridging International from the Netherlands …

• Editor
• June 5, 2024
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Following the seasonal pattern where activities across many sectors slowdown during the traditional new year celebrations, Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction) decreased to an index value of 31.9 in April 2024. This indicates a contraction in construction activities compared to the previous month. As per the respondents, most construction sites were temporarily closed during the …

• Editor
• May 31, 2024
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Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) decelerated to 0.9% in May 2024 from 1.5% in April 2024. This deceleration in the headline inflation is broadly in line with the projections of the Central Bank of Sri Lanka (CBSL). Prices of the items in the Food category, on year-onyear basis, remained unchanged in May 2024 …

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• May 28, 2024
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The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 27 May 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 8.50 per cent and 9.50 per cent, respectively. The Board arrived at this decision after carefully …