Sri Lanka appears to be entering into an era of extremely high inflation and low growth, stoking serious concerns of stagflation, as the policymakers seem to have lost their grips on the economy, which is now going haywire w...

President Gotabaya Rajapaksa said in anational  address  Wednesday  said  that  hehad given the go ahead for an IMF programafter meeting senior staff of the lender inColombo.

  Sri Lanka has decided to halt all proposed incentives to expatriate workers who remit money through official channels after the rupee fell steeply in recent days, the central bank said. The central bank and the gover...

  India’s support for Sri Lanka expanded by a further $ 1 billion yesterday when the two countries signed a fresh loan whilst agreeing to a new master framework to further enhance bilateral cooperation.