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"It’s the overall uncertainty in the system," a market analyst said.
Ceylon Petrolem Corporation needs 554 million US dollars to import oil in June
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Sri Lanka's pharmaceuticals suppliers are hit by payment delays and are also facing regulatory delays
Possibility of increasing and restructuring the assistance provided by India in the form of credits
Investors are waiting for cues from budget proposals, new government's policies to achieve stability
The Philippines says it is ready to evacuate its nationals employed in Sri Lanka, owing to the economic crisis. Malacañang, the Philippines President’s Office, said that it has advised overseas Filipino workers (OFWs) who are seeking repatriation from Sri Lanka to get in touch with either the Philippine embassy in Dhaka or the Honorary Consulate […]
"This will ease the burden on CPC and fuel stations providing in bulk."
An International Monetary Fund (IMF) team has concluded a virtual mission to Sri Lanka during which it was noted that Sri Lanka must give an assurance that debt sustainability will be restored. The IMF team led by Peter Breuer and Masahiro Nozaki conducted a virtual mission with the Sri Lankan authorities during May 9-24 on […]
IMF has advised Sri Lanka top seek debt restructuring as early as in April 2020, officials have told a parliament panel
New Prime Minister is expected to present a new budget with higher tax, reduced government spending
Analysts expect market to fall with government's expected fiscal consolidation plan
Lack of jet fuel in Colombo forces SriLankan, other airlines to refuel in other airports
“What the international community is looking for is long-term policy credibility and sustainability."
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Regional plantation companies and smallholders are harvesting green leaf and arranging deliveries
Normal and expected levels in the Port of Colombo, despite the economic and political crisis
Sri Lanka's 2022 economic growth will see the worst ever contraction in its history - CB chief
During the past two years they have paid for all the supplies made
Wijesekara made this announcement at the weekly cabinet media briefing Tuesday morning.
ECONOMYNEXT – Sri Lanka stock market slipped 0.96 percent on Tuesday (24) following a mid-night fuel hike, breaking a two-day gaining streak, Colombo Stock Exchange interim data showed.The main All Share Price Index (ASPI) fell 81.02 points to close at 8,393.47.Amidst
Experts say, “The lack of cooperation by Beijing would complicate the debt recovery journey of Sri Lanka”. The magnitude of the economic crisis that Sri Lanka is facing has reached catastrophic proportions. The whole world is astounded by the rampant mismanagement beyond the comprehension of anybody. Once an economic model of Asia, is now reeling […]
Motorists around the country have queued for fuel, but the government was unable to supply.
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In our expectations the economy will contract at the highest rate than in any other year in history
Investor concerns over economic recovery still remains
Cabraal kept the exchange rate artificially steady while spending reserves for foreign debt repayment.
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