Finance and Economy

Highlighting positive economic indicators, the Prime Minister noted that the reduction in the policy rate would provide much-needed relief to businesses and investors.

President Dissanayake’s first official foreign trip since taking office in September 2024, underscored his commitment to deepening ties with India, especially as Sri Lanka seeks to rebuild after its economic crisis in 2022.

Sri Lanka plans to revise the draft bill on stolen asset recovery, a move aimed at strengthening mechanisms to retrieve illicitly acquired funds hidden domestically and abroad.

On November 14 this year, another tsunami struck, sweeping across the country in an unprecedented wave that mesmerised many of the 22 million population.

The Aswesuma programme is part of a broader strategy to rebuild public trust and enhance social equity as Sri Lanka continues its recovery from economic crises.

During the question hour in the Lok Sabha, TMC MP Kalyan Banerjee accused the central government of withholding MGNREGA funds meant for West Bengal for the fiscal years 2022-2023 and 2023-2024, claiming it was an act of discrimination against the state.

The cyclone, which struck in May 2024, caused extensive damage, including the prolonged shutdown of the Summit LNG terminal, one of Bangladesh’s two floating, storage, and regasification units (FSRUs).

Despite the political transition, Sri Lanka has maintained its economic policies, providing reassurance to investors. Analysts suggest the stability and anti-corruption stance of the new government could further bolster investor confidence.