ECONOMYNEXT – Net foreign assets of Sri Lanka’s commercial banks have turned positive in the first quarter of 2023 official data show, amid a domestic credit contraction as banks paid down foreign credit lines. Measured in rupees, the combined foreign assets of domestic and offshore banking un...
The real interest rate in Sri Lanka increased by 0.1 percentage points (+1.44 percent) in 2019. Therefore, the real interest rate in Sri Lanka reached a peak in 2019 with 7.1 percent. Nevertheless, the last two years recorded a significantly lower real interest rate than the preceding years....
In 2023, Sri Lanka’s economy is expected to contract further, though at a slower pace compared to the previous year. Differing medium term forecasts from the International Monetary Fund (IMF) and the Central Bank of Sri Lanka (CBSL) point to the complexities of accurately predicting the futur...
Vehicle import Ban is now lifted in Sri Lanka. But with a catch, yes they want to see your income tax file number to see whether you are paying tax for your earnings. In addition there will be hefty taxes that the buyer must may for the Government from this year 2025 onward. GCE O/...
Therefore, the unit price does not depreciate due to interest rate increases in the market. Only invests in investment-grade corporate debt. All receipts of interest, maturity proceeds, and capital gains can be repatriated freely into any local account. All income distributions and capital gains ...
According to theWTO,Sri Lanka’s simple averageMost Favoured Nation (MFN)applicable tariff rate was 5.9% in 2022. The average rate for agricultural products was 16.8%, and 4.2% for non-agricultural products. Essential raw materials and inputs, such as cotton and textiles, are generally non-du...
Sri Lanka: Unemployment rate forecast: The latest value from 2022 is 5.25 percent, an increase from 5.1 percent in 2021. In comparison, the world average is 7.17 percent, based on data from 106 countries. Historically, the average for Sri Lanka from 1990
The benchmark interest rate in Sri Lanka was last recorded at 8 percent. This page provides - Sri Lanka Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Sri Lanka central bank sells dollars in June after ‘flexible exchange rate’ panic: analysis Sri Lanka rep of Adani given two weeks to respond on wind plant Tuesday July 18, 2023 8:03 am ECONOMYNEXT- Sri Lanka’s central bank has sold 91 million US dollars in June after...
Thursday September 28, 2023 8:26 pm ECONOMYNEXT – Sri Lanka’s Acting Finance Minister Shehan Semasinghe hopes for higher tax revenue when the Revenue Administration Management InformationSystem(RAMIS) is upgraded to eliminate the contacts between the tax payers and administrators. ...