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News
Sri Lanka’s inflation rises to 6.5% in June
14+ hour, 5+ min ago (72+ words) The Morning 21 Jul 2026 | BY Staff Writer Sri Lanka’s overall inflation rate increased to 6.5% in June 2026, up from 5.4% in May, according to the Department of Census and Statistics. The Department stated food inflation rose to 3.3% in June from 1.5% in May. Non-food…...
Economic rebound is starving for talent
4+ day, 18+ hour ago (662+ words) The Morning Economic rebound is starving for talent We are currently navigating an extraordinary economic paradox. On paper, the macroeconomic indicators paint a picture of resilience and hard-won recovery. The first quarter of 2026 recorded a strong growth rate of 5.1 per…...
T-bill yields continue upward correction
2+ week, 2+ day ago (433+ words) 05 Jul 2026 | – By Shenal Fernando Treasury bill (T-bill) yields continued their gradual upward correction at last week’s auction, rising across all three maturities for the second consecutive week, as the Public Debt Management Office (PDMO) accepted the entire stock on offer…...
WB reclassifies SL as upper-middle income econ
2+ week, 4+ day ago (341+ words) The Morning WB reclassifies SL as upper-middle income econ The World Bank has re-classified Sri Lanka as an upper-middle income economy, with notable signs of economic growth recorded in 2025, according to its latest country income classification report released on Wednesday…...
Sri Lanka reclassified as Upper-Middle Income economy by World Bank
2+ week, 5+ day ago (96+ words) The Morning 02 Jul 2026 | BY Staff Writer The World Bank has reclassified Sri Lanka as an Upper-Middle Income Economy in its latest country income update released on July 1. The World Bank said Sri Lanka recorded 5% GDP growth in 2025, driven mainly by…...
Primary expenditure ceiling exceeded by 0.7%
2+ week, 5+ day ago (375+ words) 02 Jul 2026 | By Nethmi Rajawasam The Sri Lankan Government’s supplementary budget allocation of Rs 500 billion for cyclone Ditwah recovery, passed by Parliament, raised 2026 primary expenditure to 13.7% of Gross Domestic Product (GDP), breaching the Public Finance Management Act (PFMA) limit of 13%, the…...
El Nino likely to drive end-26' food inflation
3+ week, 1+ day ago (388+ words) 29 Jun 2026 | By Nethmi Rajawasam With signs of Sri Lanka anticipating an El Niño phase in late 2026, severe downside risks for the economy include food inflation projected to reach double digits for a period of 24 months, based on the previous phase's…...
Sri Lanka to introduce e-commerce policy for goods
3+ week, 2+ day ago (422+ words) 28 Jun 2026 | By Shenal Fernando Sri Lanka is set to introduce an e-commerce policy focused initially on goods, while the more complex area of e-commerce services will be addressed at a later stage, according to the Department of Trade and Investment…...
Tax the right people
3+ week, 2+ day ago (595+ words) The Morning Tax the right people Sri Lanka’s tax system has a design problem that its administrators have chosen, consistently, to treat as a revenue problem. The present architecture leans heavily on indirect taxation. Value-Added Tax (VAT), the Social Security…...
May exports were strong, but the export engine is still weak
3+ week, 2+ day ago (1011+ words) 28 Jun 2026 | By Dhananath Fernando Sri Lanka has reported its highest-ever export performance for the first five months of a year. From January to May 2026, total exports reached $ 7.39 billion, recording a year-on-year growth of 7.5%. The May numbers are particularly interesting. Merchandise…...