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CPDC holds Budget Discussion

The Continuous Professional Development Committee (CPDC) of the Association of Professional Bankers of Sri Lanka organised a Discussion on the Budget on 25 November at the BOC Auditorium. Aravinda Perera, former Managing Director of Sampath Bank, Duminda Hulangamuwa, Senior...

Reserve outflows ring alarm bells

Sri Lanka’s economy could possibly be at the early stages of spiralling into another crisis if the trend of reserve outflows experienced recently were to continue, the country’s leading economic analysts told a forum organised by a top commercial bank in Colombo, this week. ...

Central Bank flags FDI and export slumps

While the government is harping on adopting neutral foreign and liberalized trade policies to push exports and investments, positive policy pronouncements do not appear to bear tangible results by trickling into the official data, economists say. According to official...

Private sector upbeat on Budget proposals

Private sector stakeholders and independent analysts yesterday hailed the 2017 Budget proposals describing them as, “progressive, sensible, and reinforcing continuity,” as well as providing greater clarity on the Government’s policies. Initial reactions to tax proposals were...

PM spells out Sri Lanka’s third generation of economic reforms

Sri Lanka plans to overcome the current economic challenge by uplifting the country from a lower –middle-income country to a higher –middle income country in the first instance and thereafter to a high –income country within the next 3 to 4 years. With the aim of achieving...

China invites India to join Sri Lanka offshore city project

In what could signal a new phase in Sino-Indian economic relations, China has invited India to help in developing Sri Lanka, including taking part in the multibillion dollar Colombo International Financial City funded by Beijing. Addressing a forum in Colombo, Chinese...