COLOMBO : Sri Lanka has paid $35.3 million for a 40,000 tonne diesel shipment, an energy ministry official said on Wednesday, as the island nation struggles to procure fuel amid growing power cuts.
Sea cucumbers feed China’s influence in Sri Lanka
Kandasamy Kalamohan had grown tired of the trawlers that he and his fellow fishermen alleged crossed into northern Sri Lankan waters from India, about 50 miles away, destroying th …
Sri Lankans now have access to free financial education
To take control of their financial future Asia Securities, a leading investment firm in Sri Lanka, launched DhanaMaga (ධනමග / தன மார்க்கம்) a trilingual financial literacy program aimed at helping Sri …
Axiata sets its sights on Indonesia
Indonesia, Bangladesh and Sri Lanka. Axiata group CFO Vivek Sood said the revenue of its digital arm doubled to RM980mil in FY21 mainly driven by Axiata Digital Advertising Sdn Bhd (ADA) from …
Axiata sets its sights on Indonesia
Indonesia, Bangladesh and Sri Lanka. Axiata group CFO Vivek Sood said the revenue of its digital arm doubled to RM980mil in FY21 mainly driven by Axiata Digital Advertising Sdn Bhd (ADA) from …
Inflation at record high in cash-strapped Sri Lanka
The court ruled that the Special Goods and Services Tax — which would have empowered the finance minister to determine rates and sectors to be taxed — was a violation of parliament’s financial …
Inflation at record high in cash-strapped Sri Lanka
The court ruled that the Special Goods and Services Tax — which would have empowered the finance minister to determine rates and sectors to be taxed — was a violation of parliament’s financial …
Demand spikes for fuel, power generators in Sri Lanka amid power crisis and forex shortages
Sri Lanka is facing one of its worst forex and debt cresses in its history as the country’s foreign exchange reserves dwindled to 2.36 billion US dollars in end January, just enough to finance imports …
Demand spikes for fuel, power generators in Sri Lanka amid power crisis and forex shortages
Sri Lanka is facing one of its worst forex and debt cresses in its history as the country’s foreign exchange reserves dwindled to 2.36 billion US dollars in end January, just enough to finance imports …
Sri Lanka imposes power cuts as cash crisis deepens
COLOMBO, Sri Lanka (AP) — 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.