The US share of worldwide ad spending will decline this year but remain on an upward trend
The US is the overwhelming center of gravity for all things advertising—and it will remain that way, even though 2023 will see a slight share drop for the country across…
Sri Lanka hikes import taxes on wheat flour to boost rice farmer profits
ECONOMYNEXT – Sri Lanka’s shares edged up by less than 0.01 percent at market close on a wait and see approach waiting to get the government’s point of view on…
Sri Lanka banks asked not to compete for deposits: CB Governor
ECONOMYNEXT – Sri Lanka’s Central Bank has asked banks not to compete with each other for deposits Central Bank Governor Nandalal Weerasinghe said, as attempts were being made to bring…
Sri Lanka’s SJB no longer enamoured of IMF, promises new govt in three moons
ECONOMYNEXT – Sri Lanka’s main opposition party the Samagi Jana Balawegaya, which appears keen to distance itself from its initial enthusiasm for a deal with the International Monetary Fund (IMF),…
Sri Lanka govt looking to distribute responsibility for IMF deal: G L Peiris
ECONOMYNEXT – The Freedom People’s Congress (FPC), a breakaway faction of Sri Lanka’s ruling party, has accused the government of trying to “distribute” responsibility for the country’s agreement with the…
Sri Lanka private credit down Rs255bn since May 2022
ECONOMYNEXT – Sri Lanka’s private credit contracted 30.9 billion rupees in November 2022 to 7499 billion rupees, taking the total contraction since May to 255.3 billion rupees, official data show.…