Fitch Ratings upgraded Sri Lanka's Long-Term Foreign-Currency IDR to 'CCC+' from 'RD' and the Local-Currency IDR to 'CCC+' from 'CCC-', citing reduced default risk after completing in...

The Asian Development Bank (ADB) has provided a $150 million loan to the Ceylon Electricity Board (CEB) to enhance Sri Lanka's electricity transmission infrastructure, focusing on improving grid reliability and inte...

Sri Lanka will increase the withholding tax on deposits to 10% from 5%, with exemptions for lower-income brackets and measures to reclaim taxes for those in lower tax brackets, aiming to broaden the tax net rather than...

Sri Lanka's GDP grew by 5.5% in Q3 2024, driven by strong performance in construction, apparel, and services, supported by falling interest rates and increased imports of investment and intermediate goods.