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SriLankan loses Rs. 12.9 b in Q1
SriLankan Airlines recorded a Rs. 12.9 billion net loss in Q1 FY25, driven by cash flow challenges, legacy issues, and financial costs from past debt.  ...
2024-11-05
The Morning
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Tight fiscal expected even after successful debt restructuring
Sri Lanka will be in a very tight fiscal situation even after a successful debt restructuring as the country will have to pay about 6-7% of GDP in interest payments till 2028, a former IMF official said.
2024-05-03
The Morning
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CoPF conditionally approves bill to suspend parate law
The Committee on Public Finance, chaired by Dr. Harsha De Silva, approved amendments to suspend Parate Law until December 15. Inquiries were made about loan distribution under Parate Law,...
2024-05-03
The Morning
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President announces sharp daily wage hike for plantation workers
President Ranil Wickremesinghe announced a 70% increase in the daily wage for plantation workers during the May Day rally of the Ceylon Workers’ Congress in Kotagala. Daily wage rais...
2024-05-02
Daily FT
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Gross official reserves increases to USD 5 Bn
By March 2024, Sri Lanka's Gross Official Reserves surged to US$5.0 billion, propelled by significant domestic market foreign exchange acquisitions, with a net intervention totaling US$715 million for the month.
2024-05-02
Daily News
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