economic crisis

Tourist Family, the debut film of director Abishan Jeevinth, is proving to be 2025’s breakout Tamil hit, crossing an impressive Rs 75 crore at the global box office. Released on May 1, the film has steadily grown in popularity, bolstered by…

The Cabinet of Ministers has approved a monthly allowance of Rs. 9,375 for small fishing boat owners, effective from November 1, for a period of five months in order to minimize the impact of the economic crisis on the fisheries industry.…

The representatives of the International Monetary Fund (IMF), who arrived in Sri Lanka on Sunday (17) led by Senior Mission Chief Peter Breuer, are set to meet with officials from the Central Bank of Sri Lanka (CBSL) today (18).…

The biggest trade union of government doctors in Sri Lanka warned on Friday about a wave of economic crisis-driven brain drain among medical professionals, as 25 percent of them have already taken the necessary exams to find employment…

While Sri Lanka’s macro-economic situation has improved, the impacts of the economic crisis together with associated austerity measures are affecting the poorest and already marginalized groups the most, said Volker Türk, the current High…

The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and…

The State Minister of Finance, Shehan Semasinghe says the 2024 Budget, characterized by formal economic management, has been unveiled to proactively avert the recurrence of severe economic crises within the country. The lawmaker…

The parliamentary session was temporarily adjourned this morning (Nov.21) as a tense situation ensued while Opposition Leader Sajith Premadasa was addressing the Chamber. Samagi Jana Balawegaya (SJB) leader’s comments concerning the…

In a landmark judgment, the Supreme Court today (Nov.14) ruled that former President Gotabaya Rajapaksa, former Prime Minister Mahinda Rajapaksa and former Finance Minister Basil Rajapaksa and several others are responsible for the economic…

Trade, Commerce and Food Security Minister Nalin Fernando says food inflation is expected to decline further in 2024. Fernando mentioned that he had called for reports on food production to assess how much food prices can be controlled…