The gross official reserves were provisionally estimated at US dollars 4,951 mn as at end March 2024 including proceeds from the People’ Bank of China (PBOC) swap arrangement, which is subject to ...
Poor governance caused Sri Lanka’s economic downturn and it culminated in bankruptcy. It is quite evident that poor ...
ECONOMYNEXT – Sri Lanka’s Inspector General of Police (IGP) Deshabandu Tennakoon has vowed to increase resources and cadres ...
COLOMBO :Sri Lanka's central bank lowered interest rates by 50 basis points in an unexpected move on Tuesday and said there was space to ease policy further as it prioritises growth to steer the ...
The Sri Lanka Development Update (SLDU) has two main aims. First, it reports on key developments over the past 12 months in Sri Lanka’s economy, places these in longer term and global contexts, and ...
The central bank cut its key lending rate from 10% to 9.5% and the deposit rate from 9.0% to 8.5%, the first decrease in four months. (Reuters pic) COLOMBO: Sri Lanka’s central bank cut interest ...
Seven people have been killed and 21 others were injured after a race car ploughed into spectators in Sri Lanka on Sunday. Thousands were present when the crash happened at a race track in Diyatalawa.
COLOMBO, Sri Lanka — A race car veered off the track during a competition in Sri Lanka on Sunday and rammed into a crowd of spectators and race officials, killing seven people and injuring 20 ...
Sri Lanka's central bank cut interest rates Tuesday as the prime minister visited China seeking a debt restructuring deal crucial to maintaining an IMF bailout. Transport minister and government ...
COLOMBO - Sri Lanka's central bank cut interest rates as the country emerged from its worst economic crisis that forced the ouster of a president. The Central Bank of Sri Lanka reduced its ...