Unlike the financial crisis of 2008, the economic levers alone were insufficient to stimulate global economic recovery in 2022 as what had led to the current crisis was the consequences of evolving geopolitics, President Ranil Wickremesinghe said on Thursday at the ADB’s 55th annual meeting. “The Ukraine war on one side and the US-China rivalry, […]

Sri Lanka is struggling to secure dollar earnings and that has threatened its fuel, gas imports.

An advanced payment was settled today for the second cargo of coal, Minister of Power Energy Kanchana Wijesekera said today, offering an update on the fuel and coal procurement process.

Kerosene price was increased by around 300 percent in August, since which supply has improved, fishermen said

In 2021 Sri Lanka Railways lost Rs10.3bn rupees