Former president Ranil Wickremesinghe-led government was negotiating with the IMF for the release of the fourth tranche of the $2.9 billion facility A high-level team of the International Monetary Fund will arrive in Sri Lanka on Wednesday (October 2, 2024)...

Cash Money. One Hundred Dollars Bills .Money background. The selling rate of the US dollar has fallen below Rs. 300 for the first time since June 8, 2023.  According to the Central Bank of Sri Lanka, the selling rate of...

The National People’s Power (NPP) government led by President Anura Kumara Dissanayake is to abandon initial plans by the previous rule to sell off or divest the cash-strapped SriLankan Airlines, an official said. The Chairman of the NPP Economic Council...

Allocate Rs. 25,000 per hectare for the Maha season as a fertilizer subsidy. Implement a fuel subsidy specifically for fishermen. Honourable President Anura Kumara Dissanayake has instructed the Treasury to provide an allowance of Rs. 25,000 per hectare to paddy...

According to the Consumer Affairs Authority (CAA), the prices of egg-based bakery products should also decrease in line with the reduction in the price of eggs in the market. He further emphasized that steps should be taken to pass this...

Fitch Ratings has affirmed Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'RD' (Restricted Default) and Long-Term Local-Currency IDR at 'CCC-'. Fitch typically does not assign Outlooks to issuers with a rating of 'CCC+' or below. A full list...

Official recognition of the country’s freedom from bankruptcy will be granted soon. Economic plans to rebuild the country are being implemented with everyone’s support- President Ranil Wickremesinghe. President Ranil Wickremesinghe emphasized that discussions with private bondholders have successfully concluded, marking...