Foreign flows into Sri Lanka stocks turned into net inflow on Wednesday

President Wickremesinghe has been making repeated calls for an interim all-party government.

The Asian Development Bank (ADB) approved a $200 million emergency assistance loan for Sri Lanka, with funds repurposed from other ongoing ADB projects, to improve food security and protect the livelihoods of the poor and vulnerable, especially women and children.

Quoting the management company, the PMD said bookings have already been made for 15 events by December 31.

Sri Lanka's FDI has been around $550 million per year in both 2020 and 2021.

Colombo [Sri Lanka], August 27 (ANI): Even as Sri Lankan President Ranil Wickremesinghe has requested China to restructure its debt amid a severe economic crisis and shrinking foreign reserves, Beijing has chosen to maintain a deafening silence which reveals how disinterested the country

Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made on Thursday, four sources with direct knowledge of the matter said.

First half inflows US$400mn

Wickremesinghe is budgeting in a sea of monetary instability

By Shiran Ranasinghe Diesel production at the Sapugaskanda Oil Refinery has dropped by 22% due to the low quality of crude oil imported through Coral Energy Company, a senior CPC official said. Senior CPC officials had repeatedly asked the Ministry of Power not to import crude or refined oil through Coral Energy. The CPC official […]

“The recent lockdowns and the increased isolation that it caused have led to an increase in mental health related issues. Hence, the need for a WhatsApp based solution is very much the need of the hour. The majority who reach out through the chat-line tend to be young Sri Lankans who are struggling to cope, […]

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

"If there is no flour, we simply cannot produce,” said Jayawardena.

Market up for the first time in six straight sessions

Sri Lanka's bloated state sector has become a burden to the crisis-hit government

The country is yet to see the impacts of economic crisis easing.

He said the new mechanism, upon its completion, will also ensure that transparent laws and systems are in place.

He said on Tuesday August 30 that the purchase of fuel-run vehicles for state services will be stopped.

Wickremesinghe said it was unfortunate that the fiscal path Sri Lanka was set on from the years to 2019 was changed.

IT industry also hit from ban on computer items