Sri Lanka perhaps as a nation has hit new lows during the last few years with its economy crumbling down like a house of cards. From changing cabinets on a monthly basis to huge queues for fuel and gas in recent months, the island once called the pearl of the Indian Ocean

Stocks fell in the last two sessions on profit taking

The grant was given in response to a request by Sri Lanka’s government.

The website also recorded a surge in search traffic from countries such as the UK, Australia, US, Canada and UAE.

ECONOMYNEXT – Sri Lanka’s central bank said it was holding its policy rates at 15.50 percent, while data showed market interest rates are close to twice the rate and private credit and imports falling. Monetary Policy Review: No. 06 – August 2022The Central Bank of Sri Lanka maintains policy interest rates at their current levelsThe Monetary Board of the Central Bank of Sri Lanka...

By Hiran H.Senewiratne The CSE turned negative yesterday due to profit- takings but during the last session the market showed some recovery on account of some stability in the macro- economic arena and on the political front in the country, stock market analysts said. Developments in favour of the market were: A UK trade arrangement […]