Textile Industry Significance The textile and apparel sector holds outsised importance in Sri Lanka’s economy. It accounts for approximately 40% of the country’s total exports and directly employs ...

Sri Lanka’s rupee opened at 299.55/75 to the US dollar in the spot market Wednesday, relatively flat against Tuesday’s close ...

Sri Lanka's central bank has made profits of 274 billion rupees, profit in 2024, with interest income from its bond portfolio ...

The International Monetary Fund on Tuesday offered to revise the terms of a $2.9 billion bailout loan to cash-strapped Sri Lanka, should the United States reinstate punitive tariffs on exports. The ...

Sri Lanka Mission Chief Evan Papageorgiou says Sri Lanka should restore cost-recovery electricity pricing as soon as possible ...

The central bank has asked the International Monetary Fund (IMF) for more time to establish the fund before removing the floor on Net International Reserves (NIR) or switching to the crawling peg ...

Local government elections are around the corner. Our President, the Leader of the Opposition and all political parties big and small are busy canvassing our very important vote. ..

The former Bangladesh Bank governor signed three agreements with the World Bank: $650m for a Bay terminal, $200m for a social ...

People’s Bank CEO/GM Clive Fonseka has strongly refuted concerns raised by Fitch Ratings regarding capital vulnerabilities in ...

Finance adviser Salehuddin Ahmed on Tuesday said that the country was no more dependent on the International Monetary Fund ...

The IMF discusses the impact of a new 44% tariff by the US on Sri Lankan exports, affecting apparel and rubber industries ...

Loan disbursement delay: Meeting IMF conditions would push Bangladesh into Sri Lanka like situation, fin adviser says The interim government is not desperate for loan disbursement from the ...