The national sovereignty of Sri Lanka is becoming increasingly severely compromised by the poverty of its Government; the proposed tax exemptions for Port City will make it even poorer.

Sri Lanka has reclassified 2.2 billion US dollars of international sovereign bonds held by local entities like banks as domestic debt, while a collapse in secondary market prices of bonds also reduced external debt due to accounting treatment, official data show. Sri La...

Amidst mounting criticism against the government for allocating a staggering Rs.625 million to establish 500 outdoor fitness centres amidst the rapid spread of the COVID-19 pandemic, Sports and Youth Affairs Minister Namal Rajapaksa yesterday said these monies could be...

The World Bank (WB) has recently approved $80.5 million additional financing to help Sri Lanka access and distribute fairly COVID-19 vaccines and to strengthen the country’s vaccination system and pandemic response. htt...