Japanese aid to Sri Lanka fell sharply by 94.39 per cent (Japanese Yen 24.4 billion/Rs 42.7 billion) to Yen 1.4 billion (Rs 2.5 billion), 2020 over 2019, data found on the Japan International Cooperation Agency’s (JICA’s) 2021 An...

Sri Lanka’s official external reserves fell to US$ 2.36 billion by the end of January 2022 from US$ 3.14 billion by the end of December 2021, as the government settled foreign currency loans and funded essential imports, while taking r...

"The losses incurred by the Ceylon Petroleum Corporation (CPC) have more than doubled following Lanka IOC raising fuel prices last Monday, CPC Chairman Sumith Wijesinghe said. He added if the prices for February remain unchanged for the...

Sri Lanka’s Finance Minister Basil Rajapaksa said all debt maturing this year will be paid and the the country is projecting 30 billion US dollars external flows to involving foreign debts and imports. Sri Lanka is facing one of its wo...