economy

China has invested a lot in Sri Lanka in recent years and Sri Lanka looks forward to expanding the mutually beneficial partnership, Ali Sabry, Sri Lanka’s minister of foreign affairs, told the media during his visit to China.…

The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March. About $500 million of…

Sri Lankan tea prices that had been piping hot have cooled off as production in the world’s fourth-largest tea grower begins to recover. The benchmark weekly average price on the Colombo Tea Auction came to around 965 Sri Lankan rupees…

President Ranil Wickremesinghe assured that the restructuring of domestic debt will have no impact on the membership balance of any public funds, including the Employees’ Provident Fund (EPF). He emphasized that the rate of return for…

Hunger has killed at least 700 people in Ethiopia’s northern Tigray region in recent weeks after the United States and the United Nations paused food aid, local officials and researchers say. The U.N. and the U.S. first suspended food…

A special Cabinet meeting has reportedly been called on Wednesday (28 June) to discuss the domestic debt restructuring process. Meanwhile, President Ranil Wickremesinghe mentioned that the debt restructuring programme will be presented…

Sri Lanka’s Foreign Minister Ali Sabry has held a meeting with the President of the China Harbour Engineering Company (CHEC) Bai Yinzhan at their head office in Beijing on Monday (26). President Bai confirmed that CHEC will invest USD…

The Sri Lanka Foreign Employment Bureau informs the public to refrain from giving money to any external party for nursing jobs in Israel. The Bureau said that according to the Memorandum of Understanding between the two countries, Sri…

The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the crisis-hit island nation since an IMF deal in…

Testifying before the Senate’s standing committee on finance, he once again stressed that the country would meet its obligations with or without the Fund’s bailout package, Dawn news reported.