Weekly Economic Review

By Rohana Jith

The Israel Defense Forces (IDF) said the launchers were ready to be fired against Israel. It was not immediately clear if there were any casualties.

Sri Lanka bondholders have made further concessions during the latest round of negotiation which will see the present value benefit increasing from 27 percent in a July deal to 33 percent in the September deal, if the economy performs better than expected, finance ministry clarified. .

Sri Lanka had reached a deal with foreign bond holders and local banks to restructure defaulted sovereign bonds, according to a finance ministry statement.

A team from Japan’s Mirai Consulting Group visited Sri Lanka recently to explore potential investment opportunities in various sectors.

Israeli warplanes carried out late on Thursday their most intense strikes on southern Lebanon in nearly a year of war, heightening the conflict between Israel and Lebanese armed group Hezbollah amid calls for restraint.

Tobias Pierlings, Director and Head of Division for South Asia and Southeast Asia at the German Federal Ministry for Economic Affairs and Climate Action, Berlin and a delegation from the German Embassy in Sri Lanka, visited the Hambantota International Port (HIP) last week.

The Samagi Jana Balawegaya (SJB) yesterday lodged a formal complaint with the Election Commission of Sri Lanka, alleging that the President’s Media Division (PMD) has engaged in improper voter persuasion in favour of Presidential candidate Ranil Wickramasinghe.

The latest Bloomberg Intelligence report warns that stalling reforms after the upcoming presidential elections could lead to a suspension of Sri Lanka's IMF program, threatening economic recovery.

A 10-year-old student at a Japanese school in southern China has died one day after he was stabbed.

At least 20 people have been killed and more than 450 wounded by a second wave of explosions from wireless communication devices in Lebanon, the country’s health ministry says.

The Board of Investments of Sri Lanka successfully hosted an investor roundtable titled “Supporting Sri Lanka’s Recovery through Resource Commitment” at the Ministry of Investment Promotion, Colombo recently

Pakistan and Sri Lanka have yet to operationalise a bilateral dispute resolution body, nearly two decades after signing a treaty, leaving trade disputes unresolved. This could potentially harm Pakistan’s exports to the island nation.

IMF representatives are scheduled to visit Sri Lanka in two weeks to disburse the next instalment of funds, as outlined in the agreement between the Sri Lankan government and the International Monetary Fund, official sources confirmed.

The expansion of the manufacturing and services sectors slowed in August in comparison to July as per the Purchasing Managers Index (PMI).

The Embassy and Permanent Mission of Sri Lanka inaugurated the Sri Lanka Pavilion at the prestigious 70th Bangkok Gems and Jewellery Fair on 9 September.