Cyclone Fengal killed at least 19 people in India and Sri Lanka and caused flooding in Tamil Nadu state and the Puducherry region after crossing India’s southern coast from the Bay of Bengal on …
IMF approves third review of Sri Lanka’s $2.9 bln bailout
The International Monetary Fund (IMF) approved the third review of Sri Lanka’s $2.9 billion bailout on Saturday but warned that the South Asian economy remains vulnerable.
Sri Lanka shares end lower
COLOMBO: Sri Lankan shares closed lower on Thursday, dragged by real estate and industrial stocks. The CSE All-Share index settled 1% lower at 12,982.10. Sri Lanka’s consumer price inflation reached …
Once a free-market pioneer, Sri Lanka takes a leap to the left
Sri Lanka was once a pioneer of free-market capitalism in South Asia. After J.R. Jayewardene took power with a super-majority in 1977, he introduced a French-style executive presidency and economic …
Relief in Sri Lanka as key threat to nonprotected forests is repealed
Environmental activists in Sri Lanka are celebrating the end of a 2020 decree that left the island’s nonprotected forests more vulnerable to agriculture and development projects. “This is a landmark …
President urges IMF to strike a balance in Sri Lanka’s economic recovery program
The government of President Anura Kumara Dissanayake has reaffirmed its readiness to collaborate with the International Monetary Fund (IMF) to advance Sri Lanka’s economic recovery within the context …
Sri Lanka leader keeps defence, finance in new cabinet
COLOMBO, Nov 18, 2024 (BSS/AFP) – Sri Lanka President Anura Kumara Dissanayake retained the key defence and finance portfolios in a new cabinet he announed Monday after sweeping snap parliamentary …
IMF’s Senior Mission Chief meets Sri Lanka’s former President: ex-minister
The International Monetary Fund’s Senior Mission Chief Peter Breuer has met former President Ranil Wickremesinghe, the former state Minister of Finance said.
Dissanayake Solidifies Grip on Sri Lanka Amid Economic Challenges
Sri Lankan President Anura Kumara Dissanayake reappoints Harini Amarasuriya as prime minister following his election victory. Despite his coalition’s broad mandate, his finance minister choice remains …
Sri Lanka’s maritime transformation: Strategic vision for 2024-2029
The Chamber of Marine Industries of Sri Lanka (CMISL) unveils a visionary five-year strategic plan designed to transform the nation’s maritime industry. ..