Fitch Ratings said it had downgraded 10 Sri Lanka banks following a re-calibration of the local currency sovereign rating. All 10 banks on rating watch negative. https://econo...

The World Bank (WB) on Tuesday cut Sri Lanka’s growth prospects by 0.5 percentage points to a negative  4.2 per cent this year, sharper than IMF’s forecast of a negative three per cent growth.

The Ministry of Home Affairs said on Thursday that the 75th Independence Day celebrations would cost 200 million rupees. State Minister Ashok Priyantha said that initially Rs 570 million had been allocated for the event.

Prices for cigarettes will rise, with brands increasing from Rs.85 to Rs.100, Rs.90 to Rs.105, Rs.70 to Rs.80, Rs.60 to Rs.70, and Rs.15 to Rs.24 per stick.