By MAHADIYA HAMZA ECONOMYNEXT – Sri Lanka’s tourism revival is facing a challenge in bringing in more high spending foreign visitors due to increasing protests locally while monetary tightening, impacts of Russian invasion into Ukraine, and rising inflation globally.The move is likely to slow the island nation’s recovery from the unprecedented economic crisis as it is […]

By SHIHAR ANEEZ Leaving his family and relatives was the hardest decision for Suren. But he had no other option.He never wanted to go abroad for work. An accountant by profession, Suren even had the opportunity to be promoted for a higher post at the private firm he was working at in Colombo. But he was […]

Leaving his family and relatives was the hardest decision for Suren. But he had no other option.The post Sri Lankans migrate, work over time, eat less to beat inflation appeared first on EconomyNext.

Crisis-hit Sri Lanka is desperately looking for tourism earning to finance its imports

Investor sentiment has turned buoyant after IMF comments

Shares have been on the rise mainly on positive sentiment after the IMF comments.

Market sees over 600 million rupees of net foreign inflow

The program aims to provide fertilisers up to 1 million farmers

Market saw net foreign outflow for the 1st time in 16 straight sessions.

(PTI) The IMF chief Kristalina Georgieva yesterday (4) said she is pleased the Washington-based lender and the Sri Lankan government have reached a staff-level agreement to provide about $2.9 billion to help the bankrupt country, terming the deal as an “important step forward.” The International Monetary Fund (IMF) on Thursday announced that it will provide […]

"Investors expect the economy to recover sooner than later."

The main All Share Price Index (ASPI) fell 0.66%

Stocks fell in the last two sessions on profit taking

Market down for 2nd time in 14 straight sessions

Market has been on the rise due political stability hope after months of protests

The National movement for Social Justice (NMSJ) said that it is gravely concerned about a number of actions taken by the Ranil Wickremesinghe administration in recent days.NMSJ chairman, former Speaker, Karu Jayasuriya said that it is their belief that the arrests of Joseph Stalin, the General Secretary of the Ceylon Teachers’ Union, Palitha Atampola and […]

Calls for unity in a country torn apart by nationalism and monetary instability

Investors are waiting for some positive news to enter market.

The government defaulted an interest payment of 78 million US dollar of a sovereign bond on May 19

Market sees fall after military attacked protesters last week

Analysts expect market to fall if protests build up in future after Friday's attack by the military

Wickremesinghe won 134 votes

Market hopes an all-party government under new president could ease political crisis.

Some confidence returns to the market after President Gotabaya Rajapaksa resigned.