economy

The Asian Development Bank (ADB) has appointed Takafumi Kadono as the new Country Director for Sri Lanka, who has assumed office in Colombo today. “It is an honor and a privilege to be appointed the Country Director of ADB’s Sri Lanka…

During Prime Minister Modi’s recent visit to Egypt, the bilateral relationship became a strategic partnership.

The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe says he is of the view that Sri Lanka must adopt new industrial strategies to direct the country’s industries towards a growth path. The CBSL chief further…

The Resolution on Domestic Debt Optimization (DDO) was passed in Parliament with amendments a short while ago (01 July). Accordingly, the DDO strategy was passed in Parliament with a majority of 60 votes, with 122 votes in favour and 62…

The Sri Lanka Bureau of Foreign Employment (SLBFE) has announced the revised fees charged from migrant workers and overseas employment agencies, which will be in effect from July 01. The SLBFE revised the registration and registration…

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…