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IMF Agreement: Mandatory Compliance for whoever comes to power – Bandula Gunawardena

Minister of Transport, Highways and Mass Media, Dr. Bandula Gunawardena stressed the necessity of adhering to the loan agreements with the International Monetary Fund (IMF) until 2028 while formulating the budget for the upcoming year 2025, regardless of the governing...

Submission of the Economic Transformation Bill Marks First Step in Economic Revitalization

Next Three Years Aimed at Building A Bright Future for Youth – The President President Ranil Wickremesinghe announced that the government has initiated the first step towards economic stability by submitting the Economic Transformation Bill. He stressed that regardless of...
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Approval Granted for “Starlink” to Provide Satellite-Based Internet Services in Sri Lanka

The President has instructed the introduction of relief packages for the education and fishing sectors. State Minister of Technology, Kanaka Herath, announced that the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has granted preliminary approval for ‘Starlink’ to provide satellite-based...

Plans for 250 New Bridges to Boost Rural Connectivity across the County

As the Economy Develops, Benefits should be Ensured for the Poorest of the Poor. Government Aims to Reduce Multidimensional Poverty to 10% – President Says at the Commemoration of Successful Completion of 750 Rural Bridges by the Netherlands for the...

Sri Lanka Purchasing Managers’ Index (Construction) – April 2024

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...

CCPI based headline inflation decelerated in May 2024

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...

The Central Bank of Sri Lanka Maintains Policy Interest Rates at their Current Levels

xr:d:DAFnXDbZRoo:36,j:4282192976072233294,t:23070602 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...