IMF warns of trade threats to SL’s growth

Sri Lanka’s economy is expected to grow by 3.5% this year, after recording 5% growth last year, according to the World Bank, showing signs of steady recovery from the 2022 financial crisis. However, the International Monetary Fund (IMF) warns that global trade issues, especially with the United States could slow down that progress. In a statement issued after completing its …

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SL ahead in digital finance access, says WB report

The Global Findex 2025 report by the World Bank highlights that Sri Lanka has performed better than many South Asian countries in providing access to bank accounts and digital payments. According to the report, over 650 million adults globally still don’t have a financial account, and many lack access to mobile phones or digital financial services. More than half of …

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3M tourism target 2025: SL falls behind

Sri Lanka’s target of attracting 3 million tourists in 2025 is facing significant challenges, with the latest figures pointing to a considerable shortfall. According to official data, a total of 1,247,815 tourists had visited the country by July 13, representing just 41.6% of the annual target. Between July 1 and 13, Sri Lanka welcomed 79,771 foreign visitors, a mere 0.9% …

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SL Customs seize biggest gold smuggling ever

A 32-year-old passenger who attempted to smuggle the largest quantity of gold ever into the country was apprehended by Sri Lanka Customs at the Bandaranaike International Airport (BIA) yesterday, July 15, 2025. Customs officers discovered the entire gold weighing over 35 kilograms, valued at more than Rs. 1.1 billion. It included 195 gold biscuits and approximately 13 kilograms of gold …

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