The fiscal deficit for the first three months of 2022 expanded by 21.2% to Rs. 484.3 billion over the same period in 2021, signalling another year of a stretched budget.

The daily revenue for the expressway has declined by an amount of Rs. 15 - 16 million due to the current fuel shortage.

Fitch Ratings has downgraded Bank of Ceylon’s (BOC) Long- and Short-Term Foreign Currency (FC) Issuer Default Ratings (IDRs) to ‘RD’ (Restricted Default) from ‘CC’ and ‘C’, respectively....

Sri Lanka was sued in the US by a bondholder after the South Asian nation defaulted on its debt for the first time in history while struggling to stop an economic meltdown. Hamilton Reserve Bank Ltd., which holds more than $250 million of Sr...