EconomyNext Sri Lanka

Sri Lanka's central bank has said it was finalizing arrangements with National Development Bank to engage an international firm to conduct a comprehensive forensic audit, after the lender disclosed an internal fraud of 13.2 billion rupees last month. economynext.com/sri-lankas-ndb…

In his resignation letter, Jayakody has stated that he was stepping down in order to “allow for an impartial and independent investigation to be conducted by the Special Presidential Commission to examine the process related to coal imports”. economynext.com/sri-lanka-ener…

Sri Lanka has sold 25,522 million rupees of treasury bills offered on tap at average rates of 8.15 percent and 8.52 percent, the public debt management office said, bringing the total of bills sold last week to 84 billion rupees. economynext.com/sri-lanka-sell…

Sri Lanka’s manufacturing sector continued to expand in March, supported by heightened activity related to seasonal demand, registering a value of 66.7 on a Purchasing Managers Index compiled by the central bank, compared to 56.8 the previous month. economynext.com/sri-lanka-manu…

Sri Lanka’s services sector activities expanded in March 2026 driven by financial services, with a Purchasing Managers Index compiled by the central bank registering an index value of 59.4, compared to 54.4 the previous month. economynext.com/sri-lanka-serv…

Asia Pacific governments taking measures to contain the impact of the West Asia energy shock, may reduce immediate inflation and social risks, but shift pressure onto sovereign balance sheets and state-linked entities, Fitch Ratings says. economynext.com/energy-subsidi…

Foreign investors sold US$2.25 million worth of Sri Lanka government securities in the week ended on April 10, Central Bank data showed, amid renewed depreciation pressure on the local currency. economynext.com/foreigners-sel…

Sri Lanka’s rupee was quoted at 315.50/75 to the US dollar in the spot market Wednesday, weaker from 315.50/60 on Friday before the long holiday weekend, dealers said, while bond yields opened broadly steady. economynext.com/sri-lanka-rupe…

The International Monetary Fund has warned of a global recession risk if the war on Iran continues, at its 2026 Spring Meetings held at the IMF and World Bank in Washington, DC. economynext.com/imf-warns-of-g…

Sri Lanka’s economic growth would slow to 4.0 percent in 2026, down from 5 percent last year, but there could be a bigger hit if the conflict in the Middle East continues, Asian Development Bank has said. economynext.com/sri-lanka-coul…

The International Monetary Fund and Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the combined fifth and sixth reviews of Sri Lanka’s reform program supported by the global lender’s Extended Fund Facility (EFF), the IMF said in a statement. economynext.com/imf-reaches-st…

A Sri Lanka opposition legislator has questioned the central bank’s supervision role in the National Development Bank fraud, pointing out that billions of rupees had gone out of the country without getting flagged. economynext.com/sri-lanka-legi…

Sulakshana Jayawardena, a top Sri Lankan civil servant, has been appointed as the acting chairman of the state-owned Board of Investment (BOI), the investment body said. economynext.com/sulakshana-jay…

Sri Lanka’s rupee was quoted at 315.10/25 to the US dollar in the spot market Wednesday, recovering from 315.40/50 the previous day, dealers said, while bond yields dropped drastically following the ceasefire announcement. economynext.com/sri-lanka-rupe…

Sri Lanka’s president Anura Kumara has admitted in parliament that the sub-standard import of coal was impacting electricity generation as unofficial power cuts occur around the island nation. economynext.com/sri-lanka-pres…

Sri Lanka’s Colombo Stock Exchange saw a drop during midday trading, after opening in green on Monday, CSE data showed. Most banking stocks were trading down following National Development Bank announcing a 13.2 billion rupee fraud within. economynext.com/sri-lanka-stoc…

Sri Lanka’s National Development Bank PLC said it has established that a fraud committed by employees has led to a loss of approximately 13.2 billion rupees. economynext.com/sri-lankas-ndb…

“From tomorrow, we will have to limit water supply to places that have so far received 24-hour water supply,” NWSDB chairman Chandana Bandara told reporters. economynext.com/sri-lanka-wate…

Sri Lanka’s rupee is now under pressure after the central bank loaded the dice against the rupee with excess liquidity from swaps and arbitrary interventions that busted confidence, while money in the war zone, protected from macro-economists, is sound as a bell. economynext.com/sri-lanka-depr…

Sri Lanka’s rupee was quoted at 315.20/60 to the US dollar in the spot market Thursday, improving from 315.60/80 Tuesday, dealers said, while bond yields were broadly steady. economynext.com/sri-lanka-rupe…