CAL Research predicts a substantial increase in fuel prices of approximately Rs. 12-14 per liter in October 2023, attributing this forecast to global factors such as a 4-5% month-on-month rise in petrol and diesel prices, driven by a 7.7% mo...

Sri Lanka's central bank has converted interest-free advances provided to the government under an old law into Treasury bills and further transformed 2.4 trillion rupees in Treasury bills into longer-term bonds as part of a domestic debt...

According to the Census and Statistics Department, Sri Lanka's GDP contracted by 3.1% in the second quarter of 2023, an improvement from the worrying 11.5% contraction in the first quarter, indicating a steady recovery. Year on year GDP growth was negative at 3.1%...

Fitch Ratings announced a downgrade of Sri Lanka's Long-Term Local-Currency (LTLFC) Issuer Default Rating (IDR) from 'C' to 'RD' (Restricted Default). In a recent domestic debt exchange, local-currency bond ratings involved in the exchange dropped to...