In April, Sri Lanka's Treasury released 107 billion rupees to state workers for their salaries, which includes an increment, as announced by State Minister for Finance Ranjith Siyambalapitiya. The usual monthly salary bill amounts to aro...

Sri Lanka's tourism industry has experienced a robust upswing, achieving a significant milestone by surpassing $1 billion in earnings during the first quarter of 2024. This remarkable feat marks a striking 103% increase compared to the same period last year, showc...

In March, Sri Lanka's Central Bank reported its highest gross official reserve assets in over three years, reaching US$ 4,951 million, up from US$ 4,520 million the previous month. This recovery was driven by increased inflows from remit...

Sri Lanka and its creditors, led by Japan, are finalizing negotiations to suspend debt repayments until 2028, aiming to prevent China's influence from expanding on the debt-ridden island. The repayment period will extend from 2028 to 204...