February 19, 2025 - Colombo News Line

Sri Lanka’s manufacturing and services sectors expand in January 2025

CNL Reporter
February 19, 2025
Business News
Sri Lanka’s manufacturing and services sectors expand in January 2025
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Sri Lanka’s Purchasing Managers’ Index (PMI) for January 2025 recorded growth in both manufacturing and services sectors.

Sri Lanka’s budget likely to lead to slower fiscal consolidation, Moody’s

CNL Reporter
February 19, 2025
News
Moody’s
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Sri Lanka’s budgeted expenditure for 2025 will likely lead to a wider fiscal deficit and slower-than-expected fiscal consolidation, Moody’s Ratings said on Tuesday, a day after the island nation unveiled its budget.

CCC hails 2025 Budget’s ‘bold proposals ‘avoiding ad-hoc tax measures

CNL Reporter
February 19, 2025
News
CCC hails 2025 Budget’s ‘bold proposals 'avoiding ad-hoc tax measures
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The Ceylon Chamber of Commerce (CCC) has welcomed the “bold proposals” in the 2025 Budget, which it says align with its recommendations, Sri Lanka Economic Summit discussions, and Vision 2030 goals.

SL budget’s Rs. 135 bn defence allocation raises transparency concerns:

CNL Reporter
February 19, 2025
Political
SL budget’s Rs. 135 bn defence allocation raises transparency concerns:
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A top economist yesterday raised concerns over a potential procurement corruption process or gross misrepresentation in the government’s 2025 budget, particularly regarding public sector salaries and defence expenditure.

IMF to decide EFF funding of $333 Million on February 28

CNL Reporter
February 19, 2025
Political
IMF to deIMF to decide EFF funding of $333 Million on February 28cide EFF funding of $333 Million on February 28
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The Third Review under the Extended Fund Facility for Sri Lanka will be taken up by the Executive Board of the International Monetary Fund on the 28th of February 2025.