In a major boost for the country, Sri Lanka has reached a staff-level agreement with the International Monetary Fund (IMF) on the combined Fifth and Sixth Reviews under its $ 3 billion Extended Fund Facility (EFF), posit

Sri Lanka’s National Audit Department has found that failures in procurement governance, supplier selection, and quality controls in coal purchases for the Lakvijaya Power Plant resulted in a loss of Rs. 2,237.7 million,

In a special Parliamentary address yesterday, President and Finance Minister Anura Kumara Dissanayake announced a Rs. 100 billion relief package to help contain the impact of the Middle East war on the domestic economy.

Banking regulator, the Central Bank of Sri Lanka (CBSL) yesterday said it was satisfied that the alleged Rs. 13.2 billion fraud, described as the largest disclosed in the country, has not affected the core

In a significant and welcome development, the Government last week decided to revise the much-debated Inland Revenue (Amendment) Bill 2026 following strong objections and a Supreme Court challenge.

Discussions yesterday between President Anura Kumara Dissanayake and the visiting International Monetary Fund (IMF) delegation centred on how Sri Lanka can continue to advance within the Extended Fund Facility (EFF) prog

Industry and Entrepreneurship Development Deputy Minister Chathuranga Abeysinghe earlier this week took to social media to vent his frustration with the banking sector, accusing them of withholding State-funded concessio

Sri Lanka’s current account surplus declined 68% year-on-year (YoY) to $ 117.2 million in February, which was also down 68% from January, with import growth outpacing exports. The current account surplus was up 3.8% YoY

The Public Utilities Commission of Sri Lanka (PUCSL) yesterday approved an average 10% tariff increase, lower than the 13.56% hike initially sought by the Ceylon Electricity Board (CEB).

Sri Lanka’s export sector is being squeezed by a sharp spike in global freight costs and logistics disruptions, with the Joint Apparel Association Forum (JAAF) warning that a prolonged Middle East crisis could severely u

Industry Ministry Secretary Thilaka Jayasundara yesterday said the cess tax on imports will not be fully removed from 1 April, with the Government opting for a slower phase-out for vulnerable sectors.

Export Development Board (EDB) Chairman Mangala Wijesinghe yesterday warned that Sri Lanka’s exports are likely to contract by between 5% and 8% in March, as escalating geopolitical tensions in the