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25
Jul

Economist bets on another round of policy rate hike

Still higher private sector credit growth and the rising inflation will put pressure on the Monetary Board to increase the policy rates and it is only a matter of time the new Central Bank Governor settles in before the next policy tightening takes place, an economist...
12
Jul

Sri Lankan bond proves fleet of foot

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24
Jun

Sri Lanka braces for Brexit fallout as the Sterling plunges

ECONOMYNEXT - Sri Lanka's is bracing for the fallout of of Brexit as Britain voted to leave the European Union, a top export destination and the third country's third largest source generation market for tourists. The Sterling Pound plunged 21 rupees against the Sri Lanka...
22
Jun

President Sirisena’s second visit to Beijing to boost China-Sri Lanka ties

While this may be good news for both countries, observers in Sri Lanka view President Maithripala Sirisena’s pro-China tilt as an act of desperation after his administration had failed to bring in substantial foreign investments. The government’s U-turn on Colombo Port City...
02
Jun

Sri Lanka’s May consumer prices jump after tax hike

REUTERS: Sri Lanka’s May consumer prices and core annual inflation rose to multi-month highs, data from the state-run Census and Statistics Department showed on Tuesday after the government increased value-added tax (VAT) to crimp a soaring deficit. Sri Lanka’s consumer prices...
12
May

Demystifying Debt

Revisiting ties with China, a bailout deal from the IMF, and increases in VAT have been making headlines recently. What does this all mean from an economic standpoint, and is Sri Lanka following the right tactics? Groundviews spoke to some economists to ask if they could unravel...
26
Apr

UPDATE 1-Sri Lanka cenbank keeps policy rates steady

Sri Lanka's central bank on Tuesday kept benchmark rates steady, as expected, as it gauges the effects of recent tightening, amid the final stages of talks with the International Monetary Fund (IMF) for a $1.5-billion loan to tide over a payments crisis. Private sector credit...
25
Apr

Worries over VAT hike

Despite Government efforts to selectively impose a VAT hike from next week its impact on private healthcare and education would be contradictory to the country’s goals of creating a knowledge economy, analysts warned yesterday. The Government last week rolled back the VAT...