Page 3 - Uditha Jayasinghe News Today

The World Bank raised its forecast for Sri Lankas economy on Tuesday, projecting a growth of 2.2% for 2024, as the crisis-hit nation makes a faster-than-expected recovery from its worst financial... -April 02, 2024 at 01:40 am EDT - MarketScreener

Indias half-century-old decision to end a territorial dispute with Sri Lanka over a tiny island has become a hot-button election issue, with Prime Minister Narendra Modis party accusing the... -April 01, 2024 at 02:32 am EDT - MarketScreener

By Uditha Jayasinghe COLOMBO (Reuters) - Sri Lanka's key inflation rate fell to 0.9% year-on-year in March from 5.9% in February, the statistics department said on Thursday. The Colombo Consumer Price Index, a leading indicator for broader national...

Sri Lankas key inflation rate fell to 0.9% year-on-year in March from 5.9% in February, the statistics department said on Thursday. The Colombo Consumer Price Index, a leading indicator... -March 28, 2024 at 05:36 am EDT - MarketScreener

Sri Lankas central bank lowered interest rates by 50 basis points in an unexpected move on Tuesday as policymakers prioritised boosting growth and steering the economy out of its worst financial... -March 25, 2024 at 10:06 pm EDT - MarketScreener

Sri Lanka's cabinet has approved increasing the minimum wage by 40%, a top official said on Tuesday, to support workers struggling with living costs as the economy slowly shakes off its worst financial crisis in decades, helped by an IMF bailout. Sri Lanka's economy collapsed in early 2022 after its foreign exchange reserves dwindled to record lows triggering soaring inflation, currency depreciation and a default on its foreign debt. Revision of the minimum wage from 12,500 rupees ($...

Sri Lankas key inflation rate fell to 5.9% in February from 6.4% in January, the statistics department said on Thursday. The Colombo Consumer Price Index, a leading indicator for...

COLOMBO (Reuters) - Sri Lanka's key inflation rate fell to 5.9% in February from 6.4% in January, the statistics department said on Thursday. The Colombo Consumer Price Index, a leading indicator for broader national prices, tracks inflation in Col...

Sri Lankas inflation is expected to return to the governments 5% target starting from the last two quarters of the year, a Central Bank of Sri Lanka official said on Wednesday, as the economy...

Sri Lankas consumer price inflation rate accelerated to 6.5% in January year-on-year from 4.2% in December, official data showed on Wednesday, driven by a higher tax needed to meet targets set under...