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Sri Lanka to spin off CPC refinery to attract capital

ECONOMYNEXT – Sri Lanka is discussing the implementation of legislation and improving governance with a visiting International Monetary Fund review mission, State Minister of Finance Shehan Semasinghe said. Sri Lanka has met key quantity targets as of December 2023, for the second IMF review but also has a series of laws to pass and actions […]


Sri Lanka’s NDB to raise 10bn through debenture issue

ECONOMYNEXT – Sri Lanka’s Department of Prisons has earned 116 million rupees through inmate labour, particularly that of women, in 2023, State Minister of Justice and Prison Affairs Anuradha Jayaratne has said. “In 2023, the agriculture and industry sectors generated earnings of 116 million rupees, primarily due to the labour contributions of women. The projected […]


Pho Vietnam restaurant launches Banh Mi as Sri Lanka economy recovers

ECONOMYNEXT – Sri Lanka’s International Monetary Fund program could slow down in the second half of 2024 after the current review is completed, as elections make it more difficult to maintain the pace of reforms, government sources said. An IMF mission is in SriLanka for the second review of a bailout that has pushed up […]


Sri Lanka IMF program may become extended amid elections: sources

ECONOMYNEXT – Sri Lanka’s International Monetary Fund program could slow down in the second half of 2024 after the current review is completed, as elections make it more difficult to maintain the pace of reforms, government sources said. An IMF mission is in SriLanka for the second review of a bailout that has pushed up […]


Opposition’s lack of transparency on amendments to Sri Lanka IMF deal questioned

ECONOMYNEXT – Global fund managers have approached Colombo’s Port City regulators proposing to set up a fund that will finances its real estate and businesses, Saliya Wickramasuriya, a member of its regulatory commission said. The Colombo Port City to be renamed, International Financial and Technological City, is awaiting the construction of buildings (vertical development) for […]


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