Sri Lanka's cabinet approved a revised electricity reform bill that will be presented to parliament by the end of April. This bill, linked to a $100 million loan from the Asian Development Bank, aims to restructure the Ceylon Electricity...

In April, Sri Lanka's Treasury released 107 billion rupees to state workers for their salaries, which includes an increment, as announced by State Minister for Finance Ranjith Siyambalapitiya. The usual monthly salary bill amounts to aro...

Sri Lanka's tourism industry has experienced a robust upswing, achieving a significant milestone by surpassing $1 billion in earnings during the first quarter of 2024. This remarkable feat marks a striking 103% increase compared to the same period last year, showc...

In March, Sri Lanka's Central Bank reported its highest gross official reserve assets in over three years, reaching US$ 4,951 million, up from US$ 4,520 million the previous month. This recovery was driven by increased inflows from remit...