Power and Energy Minister Kanchana Wijesekara in a Twitter message on August 5 said that there are multiple reasons for the CPC to operate under losses, with selling at subsidized rates, rupee depreciation, dues from government-owned institu...

Sri Lanka’s debt advisors are looking at local debt as a re-structuring plan to negotiate with creditors is being developed as part of efforts to make the debt sustainable, President Ranil Wickremesinghe said.

The Norwegian government is providing NOK 13 million (approx. Rs. 490 million) to the World Food Program (WFP), United Nations Children’s Fund (UNICEF) and the UN Population Fund (UNFPA) in Sri Lanka to address food, nutrition and prot...

The World Bank Group said last week it is deeply concerned about the dire economic situation and its impact on the people of Sri Lanka. To help alleviate severe shortages of essential items such as medicines, cooking gas, fertiliser, meals f...