The Securities and Exchange Commission of Sri Lanka (SEC) has recently raised concerns about a growing trend of investment schemes promoting offshore market opportunities.
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Current account achieves higher surplus of $ 130.2 m in January 2025 compared to $ 81 m a year ago due to improvement in surplus in services and secondary income accounts despite wider trade deficitThe Central Bank of Sri Lanka (CBSL) has begun publishing the monthly external sector current account statistics starting from January 2025.
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Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe urged the banking sector to prepare for Sri Lanka’s third Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) framework evaluation, warning that a negative listing in the assessment could severely undermine the country’s economic progress.
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Sri Lanka has earned 26.23 billion US dollars through exports of goods and services, including tourism and labour in 2024, up 12.6 percent from 23.29 billion a year earlier, data from the central bank shows.
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Sri Lanka is on the verge of a major digital transformation as the government accelerates efforts to modernize the economy.
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Inflation could possibly hover around 2 percentage points above inflation target Headline inflation is forecast to converge to targeted 5% level over medium term, supported by implementation of appropriate policy measures Economic growth is expected to continue its rebound over medium term, although at a moderate pace
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Manila-based Asian Development Bank is in talks to finance Sri Lanka with 900 million US dollars in 2025, after providing 808 million in 2024, to help the country emerge from an economic crisis, officials said.
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Remittances from Sri Lankans working abroad have continued to be strong providing much needed heft for the country’s strengthening external sector and thereby the broader economy.
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The Central Bank says that headline inflation deviation from the target in the second and third quarters of 2024 was due to transitory supply-side factors, especially significant reductions in energy prices.
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The Colombo High Court has moved to February 21 to deliver its decision pertaining to the reply submissions by the Bribery Commission in relation to the case filed against former Central Bank Governor Ajith Nivard Cabraal and a group of defendants.
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