Market sees over 600 million rupees of net foreign inflow

We can make the Mannar Island like entertainment location like Macau island

The ex-president did not, however, congratulate Sri Lanka's national netball team.

For the first time in parliamentary history, the Central Bank of Sri Lanka has issued a dire warning to Parliament and political parties therein over the responsibility on their part to ensure financial stability and discipline. Their failure to do so would trigger public protests again, they were told. There hadn’t been such a public […]

Electricity subsidies, surcharges, and rooftop solar units: by Dr Tilak Siyambalapitiya The Public Utilities Commission of Sri Lanka (PUCSL) altered the CEB’s proposed prices and price structure, then amended its own proposal, and announced higher electricity prices, to be effective from 10 August 2022. Neither the CEB nor the PUCSL presented, to customers, the actual […]

Imports fall as financial account inflows dry up

Sri Lanka’s High Commissioner in New Delhi, Milinda Moragoda, has declared that the preliminary agreement with the International Monetary Fund (IMF), under which Sri Lanka could receive $2.9 billion to tackle the ongoing economic crisis, is a “first step” in the long haul of economic

Sri Lanka’s tourism sector has been subject to a series of challenges since 2019, followed by the protracted impacts of the COVID-19 pandemic, and now, the economic crisis. The impacts of these crises have brought to light a host of challenges that continue to compound the hardships

The Government of Sri Lanka and UNDP in Sri Lanka announced the launch of the Sri Lanka SDG Investor Map (the Map), a market intelligence tool that seeks to direct private capital where Sri Lanka’s Sustainable Development Goals (SDG) priorities, Government policy and market opportunity intersect, as the country seeks to rebuild its economy sustainably, […]

By CHANDRA FERNANDO Educational Consultant, USA The last few months of this year have been a time of great anxiety and much hardship for the people of Sri Lanka. No matter on which side of the political divide one stands, common problems converge into a cloud of nervousness, unease and uncertainty. Sri Lankans have not […]

By Shamindra Ferdinando The Sri Lanka Institute of Directors (SLID) and Transparency International Sri Lanka (TISL) recently declared corruption as the root cause of Sri Lanka’s current political and economic crisis. The declaration was made in a statement titled, “SLID and TISL launch

By Hiran H. Senewiratne The Sri Lankan economic crisis continues to rattle the country and it is the poorest, most vulnerable among its girls and boys who are paying the steepest price, UNICEF Regional Director for South Asia, George Laryea-Adjei said. “Sri Lanka, a country normally

"This is a positive step and I am positive that the winter tourism season will perform well."

Sri Lanka s Tourism Minister Harin Fernando on Saturday said as things get back to normal after the recent political crisis in the island nation, the government aims to receive at least 1 million tourists this year, mostly from India.

Gunasekara said, under the current circumstances, the production cost per egg is 49 rupees which is above retail price.

a grave financial crisis, of which the repercussions are […]

He said inflation may peak around September below 70 percent before showing a downward trend.

Electricity prices were last hiked in 2013 however were slashed almost by 25% in 2014

President Gotabaya Rajapaksa’s two years in office – a period of unprecedented political turmoil, uncertainty and further deterioration of Parliament – should be thoroughly examined. In fact, the UNP, with the support of the then President Maithripala Sirisena, paved the way for Gotabaya Rajapaksa’s candidature, at the 2019 presidential election, by blocking Mahinda Rajapaksa’s path […...