News
Sri Lanka to increase bus fares again after last hike in March
1+ hour, 43+ min ago (1575+ words) Wednesday July 1, 2026 3: 44 pm ECONOMYNEXT " Sri Lanka's Cabinet has approved a proposal by the Minister of Transport to increase bus fares, taking into account fuel price changes, minister Nalinda Jayatissa said. "We haven't decided on the percentage yet," he said when…...
Rethinking free trade
20+ hour, 15+ min ago (1669+ words) Tuesday June 30, 2026 3: 20 pm When it comes to international trade, countries have always weighed economic efficiency against national security. After World War II, they pursued free international trade through low tariffs in the belief that it was both economically efficient and…...
IMF: Sri Lanka should prioritize reform momentum
23+ hour, 33+ min ago (1637+ words) Tuesday June 30, 2026 5: 54 pm ECONOMYNEXT " Sri Lanka should prioritize the reform momentum going forward, the International Monetary Fund's Mission Chief for Sri Lanka said after concluding staff level discussions with the island nation's authorities. The Mission headed by Evan Papargeorgiou was…...
Sri Lanka inflation rise to 3-year high in June 2026 to near CB's upper target band
1+ day, 1+ hour ago (1612+ words) Tuesday June 30, 2026 4: 02 pm ECONOMYNEXT " Sri Lanka's overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI), rose to a three-year high of 6. 8 percent in June 2026, near the Central Bank's upper inflation target rate of 7 percent, data from…...
Sri Lanka CB seeks public consultation on inflation target review
1+ week, 4+ day ago (1571+ words) Friday June 19, 2026 6: 56 pm ECONOMYNEXT " Sri Lanka's Central Bank has invited the general public to share their views on the inflation target and related parameters as part of the inflation target review process ahead of the decision in October this year....
Sri Lanka's ex-Fin Min requests President to reduce CB's inflation target to 2%
1+ week, 5+ day ago (1683+ words) Friday June 19, 2026 2: 00 am ECONOMYNEXT " Sri Lanka's Former Finance Minister Ravi Karunanayake has requested President Anura Kumara Dissanayake in his capacity as the Finance Minister to reduce the Central Bank's inflation target to 2 percent during the upcoming October review. As per…...
Sri Lanka's central bank calls for research papers for conference
2+ week, 2+ day ago (1690+ words) Monday June 15, 2026 10: 33 am ECONOMYNEXT " Sri Lanka's central bank has called for papers for its research conference to be held in Colombo, in December. "Preference will be given to papers with strong policy relevance and clear empirical or theoretical contributions," CBSL…...
Sri Lanka likely to raise drug price up to 7% on June 30: Minister
3+ week, 6+ hour ago (1644+ words) ECONOMYNEXT " Sri Lanka is likely to raise prices of medicinal drugs between 6% and 7% on June 30, Health Minister Nalinda Jayatissa said amid rising import and production costs. The island nation can revise the prices when there is more than 5% change in…...
Sri Lanka inflation rise to 27-month high in May 2026 on fuel price hike impacts
1+ mon, 3+ day ago (1448+ words) Friday May 29, 2026 4: 08 pm ECONOMYNEXT " Sri Lanka's overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI), rose to 27-month high of 5. 5 percent in May 2026, near the Central Bank's upper inflation target rate, data from the state statistics…...
Giving priority to state in Sri Lanka bankruptcy law questioned
1+ mon, 2+ week ago (1650+ words) Monday May 11, 2026 12: 19 pm ECONOMYNEXT " A plan to give priority for Inland Revenue Department to collect taxes ahead of other creditors in a proposed bankruptcy law has been questioned, in a hearing at the parliament's Committee on Public Finance. In the…...