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News
Prices driven by external pressures bite into family budgets
3+ hour, 40+ min ago (1556+ words) Ranjith Kumara: bus conductor The cost of living has gradually moved up with the rising inflation, while incomes remain almost static. State and private sector employees, services providers, farmers as well as pensioners say that although their daily expenses have…...
Galle Fort vendors lose out to revised rentals
7+ hour, 23+ min ago (1081+ words) By Tharushi Weerasinghe reporting from Galle Vendors operating at the Galle Fort Court Square Market premises claim they are being priced out of business by rents that have doubled under the Galle Municipal Council’s 2026 budget. For vendors who have spent…...
Dark clouds and silver linings in the economy
7+ hour, 22+ min ago (716+ words) International financial institutions have predicted a slowing down of Sri Lanka’s economic growth to about 3.1 per cent this year. However, Central Bank Governor Nandalal Weerasinghe is more optimistic and expects a higher growth of over 4 per cent if oil prices…...
Lyceum Campus Launches Bachelor of Business Administration (Honours) Degree with Future-Ready Curriculum
1+ week, 6+ day ago (679+ words) The Sunday Times, Sri Lanka Lyceum Campus Launches Bachelor of Business Administration (Honours) Degree with Future-Ready Curriculum Lyceum Campus marked another significant milestone in its journey of delivering internationally recognised higher education with the launch of its Bachelor of Business…...
External reserves decline amid widening trade deficit
2+ week, 14+ hour ago (472+ words) The trade deficit widened to US$5.5 billion by the end of June this year compared to a deficit of US$3.3 billion in the first half of last year. It is concerning that the trade deficit increased despite merchandise exports exceeding…...
Tackling a labour shortage
2+ week, 14+ hour ago (606+ words) Those days are gone. There is another development nowadays: There is a surfeit of Chinese nationals in Sri Lanka involved in nefarious activities like illegal gambling, cybercrime and occasionally prostitution. I was reminded of this when I received a call…...
‘Silent killer’ in the economy
4+ week, 14+ hour ago (503+ words) Dengue is somewhat the focus this week as there is also an economic impact going by a Sunday Times Business report last week, where it was stated that the economic repercussions of dengue in Sri Lanka are seen through sudden…...
Severe economic and social challenges ahead
4+ week, 14+ hour ago (635+ words) The widening and escalating West Asian war and the closure of the Strait of Hormuz and the brewing crisis centring on the Bab al-Mandeb chokepoint in the Red Sea route pose severe challenges to our economy. In addition, the spread…...
Dhanika Perera calls for stronger fintech ecosystem to drive Sri Lanka’s digital economy
4+ week, 1+ day ago (591+ words) The Sunday Times, Sri Lanka - Dhanika Perera calls for stronger fintech ecosystem to drive Sri Lanka’s digital economy Sri Lanka's fintech sector has produced several companies that have transformed the way people communicate, transact and participate in the digital economy....
Reflections on Sri Lanka’s regaining of upper-middle-income status
1+ mon, 1+ week ago (746+ words) The World Bank reclassified Sri Lanka as an upper-middle-income country with effect from the first of this month. The “milestone” comes after the country’s Gross National Income (GNI) per person in 2025 reached US$4,670, just above the US$4,636 threshold required for…...