Cash-strapped Sri Lanka announced a 40 percent price hike for dozens of commonly used medicines on Saturday as the island nation labours through its worst economic crisis in decades. The post... Click on the headline to read the full story

The Ministry of Finance says international financial institutions (IFIs) have emphasized the importance of maintaining social stability and protecting democratic institutions in the country for them to assist Sri Lanka to effectively manage the economic issues confronted by the country and the people.

The Sri Lanka Petroleum Private Tanker Owners Association has decided to withdraw from fuel transport services with effect from midnight today (April 30).

The latest findings of the survey Confidence in Democratic Governance Index (Wave 2) have found that an overwhelming majority of Sri Lankans have been affected by the current crisis.

At a meeting with a group of ambassadors earlier this week, Minister of Foreign Affairs Prof. G.L. Peiris has outlined the progress made by the Sri Lankan government in addressing post-conflict reconciliation-related issues and further strengthening democracy and human rights.

All Sri Lanka's creditors will be treated equally in a planned restructuring of the country's debt, its central bank governor said on Friday, adding that he expected progress in talks with the... Click on the headline to read the full story

Sri Lanka’s Finance Minister Ali Sabry said yesterday (April 29) his office had started initial consultations on the increase of fiscal revenue from the present 8.5 percent of the Gross Domestic... Click on the headline to read the full story

A group of parliamentarians including MPs Dayasiri Jayasekara, Udaya Gammanpila, Nimal Siripala de Silva and Susil Premajayantha who recently became independent in the parliament, have called on the Indian High Commissioner to Sri Lanka, Mr. Gopal Baglay earlier this week.

The Public Utilities Commission of Sri Lanka (PUCSL) says it has approved the Ceylon Electricity Board s request to impose power cuts lasting 3 hours and 20 minutes for the 2nd and 4th of May.

Sri Lanka s finance minister has told the BBC he has no choice but to hike the country s sales tax as it faces its worst-ever economic crisis.

Sri Lanka s headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index increased to 29.8% in April from 18.7% in March, the Central Bank of Sri Lanka (CBSL) says.

President Gotabaya Rajapaksa has extended an invitation to form an all-party government comprising all political parties represented in the Parliament, the President s Media Division (PMD) said in a statement issued today regarding the meeting held with party leaders and representatives who now sit independently in Parliament.

A large consignment of medicinal drugs and other medical supplies gifted by the people of India arrived in Sri Lanka today (April 29).

Finance Ministry will issue a new gazette notification under the Import and Export Control Act, making all payments on imports to Sri Lanka through a banking system compulsory, says the Central Bank Governor.

The electricity supply will not be interrupted on the 01st of May and the 3rd of May, the Public Utilities Commission of Sri Lanka (PUCSL) says.

Sri Lanka’s president has agreed to replace his older brother as prime minister in a proposed interim government to solve a political impasse caused by the country’s worst economic crisis in decades,... Click on the headline to read the full story