Rising interest rates and declining export demand are dampening the economic resurgence of numerous Asian economies in the aftermath of COVID-19. But for Sri Lanka, the only country in the region to default on its official debt amid the economic squeeze caused by the pandemic however the outlook is considerably brighter.

Peoples’ Bank has denied reports expressed in social media on its non-performing loan (NPL) write-offs.

Ten entrepreneurs who received intensive help from the United States Agency for International Development (USAID) and Good Life X (GLX) business accelerator to develop their climate adaptation ideas displayed their results in a Demo Day event on August 2.

The minister of finance has issued orders to temporarily suspend or limit certain outward remittances of foreign exchange.

The European Commission has suggested a four-year extension to the Generalised Scheme of Preferences Plus (GSP+) for Sri Lanka.

The Inland Revenue Department (IRD) says that it has collected tax revenue of Rs. 696,946 million for the first half of this year.

Sri Lanka had verifiably met 33 of the trackable programme commitments of the International Monetary Fund (IMF) programme as at the end of June 2023 but had failed eight, according to the ‘IMF Tracker', an online tool launched by Verité Research.

A weekly public finance update by Verite Research revealed that out of the 52 key State-Owned Enterprises (SOEs) identified by the Ministry of Finance, only 11 have released their financial reports until the year 2022 as of June 30th, 2023.