Sri Lanka’s government has announced significant cuts in fuel prices, providing welcome relief for many after a year of shortages and skyrocketing prices amid the country’s worst economic crisis.
Sri Lanka’s economic crisis has worsened due to IMF deals, causing social unrest, unemployment, poverty, and food insecurity, ...
Sri Lanka's central bank lowered interest rates by 50 basis points in an unexpected move on Tuesday and said there was space ...
Sri Lankans are facing fuel and food shortages, and steep price rises as the country is in the midst of its worst economic crisis in living memory. Millions are having to endure daily power cuts ...
For the last few months petrol and diesel prices have surged tremendously and have piled miseries on industries, drastically affecting cost of living and inflation. Many blame the government for the ...
COLOMBO :Sri Lanka's central bank lowered interest rates by 50 basis points in an unexpected move on Tuesday as policymakers prioritised boosting growth and steering the economy out of its worst ...
Authorities in Sri Lanka are imposing rolling power cuts across the island nation as its deepening financial crisis leads to shortages of fuel and handicaps its power grid. Sri Lanka’s public ...
The Central Bank of Sri Lanka reduced its benchmark lending rate from 10 percent to 9.5 percent and the deposit rate from 9.0 ...
COLOMBO, Feb 21 (Reuters) - Sri Lanka's government will propose an 18% cut in electricity prices for households on Thursday, a top official said, aiming to ease high living costs for millions ...
The latest move brings the total interest rate cuts to 700 basis points since last year The Central Bank of Sri Lanka lowered the standing lending facility rate by 50 basis points to 9.50%.
Sri Lanka’s central bank cut interest rates on Tuesday as the country emerged from its worst economic crisis that forced the ...