Sri Lanka needs an economic growth plan to avoid another crisis
- CNL Reporter
- February 15, 2025
- Weekly Economic Review
- Economic Review of the week
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Economic Review of the week
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Ella Rock forest fire controlled, motorists caution
- CNL Reporter
- February 15, 2025
- News
- Ella Rock forest fire controlled, motorists caution
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The forest fire that broke out in the Ella Rock mountain range, a highly sensitive area within the Ravana Ella forest reserve, has now been brought under control, according to the Assistant Director of the Badulla District Disaster Management Center, A. L. M. Udaya Kumara.
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Market activity rises but yields hold their ground
- CNL Reporter
- February 15, 2025
- Business News
- Market activity rises but yields hold their ground
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By First Capital Research
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Inflation set to climb this year, expected to peak in mid-2026: CBSL
- CNL Reporter
- February 15, 2025
- Banking and Financial
- Inflation set to climb this year
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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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Govt. seeks report from NGO Secretariat on USAID funding
- CNL Reporter
- February 15, 2025
- Political
- Govt. seeks report from NGO Secretariat on USAID funding
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In the midst of controversy over USAID funding in Sri Lanka, the government has sought a report from the National NGO Secretariat in this regard, a Minister said yesterday.
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Shipping company seeking control of Colombo Port’s Eastern Terminal: Union claims
- CNL Reporter
- February 14, 2025
- Political
- Foreign Minister Vijitha Herath Engages in Key Discussions with BIMSTEC Secretary General
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A major shipping company is attempting to acquire the Eastern Container Terminal of the Colombo Port. Altering the terminal’s route plan under the present government can be the preliminary step toward handing it over to another party, said Joint Alliance of Port Trade Unions Co-Convenor Shyamal Sumanaratne.
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Sri Lanka, UAE sign deals to boost economic, investment ties
- CNL Reporter
- February 14, 2025
- Political
- investment ties, Sri Lanka, UAE sign deals to boost economic
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Sri Lanka and the United Arab Emirates (UAE) signed an agreement on Reciprocal Promotion and Protection of Investments to strengthen economic and investment relations between the two countries, the President’s Media Division (PMD) said.
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India’s Adani “respectfully” withdraws from Sri Lanka wind power deal
- CNL Reporter
- February 14, 2025
- Investment
- India’s Adani “respectfully” withdraws from Sri Lanka wind power deal
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India’s Adani Group has decided to withdraw its wind power deals with Sri Lanka, the company said in a letter to the island nation’s Board of Investment (BOI), after Colombo’s recently elected government was preparing to renegotiate the project for a lower price.
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Sri Lanka PickMe usage surges in December quarter
- CNL Reporter
- February 14, 2025
- News
- Sri Lanka PickMe usage surges in December quarter
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Profits at Sri Lanka’s Digital Mobility Solutions Lanka Plc grew 38 percent to 292 million rupees in the December 2024 quarter as revenues surged amid higher usage, interim accounts showed.
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ADB reaffirms support for Sri Lanka with US$ 900mn for 2025
- CNL Reporter
- February 14, 2025
- Banking and Financial
- ADB reaffirms support for Sri Lanka with US$ 900mn for 2025
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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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