Sri Lanka’s central bank has gone deeper into red in November 2021, with net foreign assets negative by around 1.6 billion dollars (-329.9 billion rupees), as money printing continued and reserves fell

Fitch has downgraded Sri Lanka to ‘CC’ from ‘CCC’ saying there was an increased probability of default as liquidity injections made to sterilize interventions and enforce a 6.0 percent policy rate continue to drain re...

Employees of State corporations and fully government-owned companies will be entitled to bonuses ranging from a minimum of Rs 5,000 to a maximum of Rs 15,000 this season.

Sri Lanka has cut an export tax on tea to 3 rupees a kilogram and abolished a regulation issued in 2010 dealing with the collection and use of the money for promotions, according a government notice.