In a striking move that has captured national attention, Sri Lanka’s Parliament voted 151 to 1 to abolish most of the state-funded perks once enjoyed by former presidents and their families. The decision, finalised in September 2025, revokes decades-old privileges tied to the presidency — including official residences, transport, staff offices, and allowances — leaving […]
Sri Lanka’s Industrial Growth Accelerates as Markets Strengthen Sri Lanka’s economy received a major boost this month as both the Manufacturing PMI and Services PMI showed strong, sustained expansion. This indicates that production capacity, demand, and business confidence continue to build steadily. Manufacturing Sector Driven by Seasonal & Export Demand Manufacturing PMI data shows an […]
Sri Lanka Passes Its Third IMF Evaluation with Strong Reform Progress The International Monetary Fund (IMF) has approved Sri Lanka’s third review under the Extended Fund Facility (EFF), releasing $334 million to support continued recovery efforts. This confirms that Sri Lanka is meeting key reform targets across economic, financial, and governance sectors. Why This Approval […]
