Under the IMF’s stringent conditions, ordinary Sri Lankans face exorbitant increases in the cost of living. In sharp contrast ...

The Central Bank of Sri Lanka is considering moving towards a single policy rate mechanism to ensure better signalling of its policy stance, Governor P. Nandalal Weerasinghe said in early 2024 ...

Sri Lanka's inflation target of 5 percent, which has been set by the central bank based on it own past performance could be ...

Long queues snaked around gas stations in Sri Lanka's commercial capital and its outskirts on Monday even though the island nation's government was scrambling to deliver fuel supplies and douse ...

Sri Lanka's recovery efforts were supported by a $4 billion credit line from India. Read more news like this on HindustanTimes.com The blackout began around 11.00 local time on Sunday.

COLOMBO (Reuters) -Sri Lanka's central bank cut the policy rate by 25 basis points in a surprise move on Thursday, aiming to foster stronger economic growth after a lingering financial crisis and ...

Sri Lanka has suspended repayment of about $7 billion in foreign loans due this year out of $25 billion to be repaid by 2026. The country’s total foreign debt is $51 billion.

Nurses and paramedics across Sri Lanka are angered over cuts in the 2025 budget brought down by the Janatha Vimukthi Peramuna/National People’s Power (JVP/NPP) government.

Sri Lanka will change the governing law of the Public Utilities Commission of Sri Lanka to make it more accountable for the ...

A severe shortfall of dollars spun Sri Lanka's economy into a deep financial crisis two years ago, contracting growth by 7.3% in 2022 and forcing a default on foreign debt.