Sri Lanka Optimistic about Debt Restructuring Progress, Eyeing IMF Financing
Sri Lanka expresses optimism regarding the resolution of debt restructuring issues in the second quarter, aiming to secure financing from
Net Credit to Private Sector Shrinks by Rs. 52.2 Billion
There is a noticeable appetite for credit in the market, as interest rates have reached levels favorable to borrowers. In
South Asia’s Largest Maternity Hospital Declared Open in Karapitiya
The German-Sri Lanka Friendship New Women’s Hospital in Karapitiya, Galle, was inaugurated by President Ranil Wickremesinghe on Wednesday morning (March
National Minimum Wage Set to Increase
Under the provisions of the National Minimum Wages Act, the National Minimum Wage is currently established at Rs.12,500. However, a
IMF Senior Mission Chief Emphasizes Need for Taxation to Sustain Essential Services
In a recent statement, the Senior Mission Chief for Sri Lanka at the International Monetary Fund (IMF), Peter Breuer, underscored
Central Bank of Sri Lanka Cuts Policy Rates by 50 Basis Points
The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has announced a reduction in the Standing Deposit
Sri Lanka’s Official Unemployment Rate Drops to 4.3% in Q4 Amid Economic Expansion
Sri Lanka’s official unemployment rate declined to 4.3 percent in the final quarter of last year, down from 4.7 percent
Sri Lanka Police’s Special Unit Receives 1,077 Complaints of Abuse and Violence Against Women and Children
Between January 4th and March 10th, 2024, the special unit established within the Bureau for the Prevention of Abuse of
New Economic Reforms Vital for Country’s Economic Recovery
New Economic Reforms Vital for Country’s Economic Recovery Youth Empowered to Determine the Path Forward for a Brighter Future While
President Ranil Wickremesinghe Extends Deadline for Electoral Reforms Commission
President Ranil Wickremesinghe has initiated measures to grant an extension to the nine-member Commission of Inquiry appointed to draft proposals