The reality is that Sri Lanka has been living beyond its means for decades, and successive governments are responsible. COVID has merely exacerbated the issue. Therefore, given Sri Lanka’s external debt obligations over the next five years, it is essential for pol...

The Central Bank has insisted that fuel prices should be revised to conform to spikes in the world market, a Minister said today.  

Sri Lanka will no longer go for expensive foreign loan-funded projects, the financing model that was its key recourse in the past. Sri Lanka was also looking for more backing from the World Bank (WB) and the Asian Development Bank  (ADB), institutions whose lending...

The Australian Government has donated Rs.952 million worth of essential respirators to strengthen COVID treatment services. A stock of essential medical equipment including oxygen cylinders was handed over to the Minister of Health Pavithra Wanniarachchi yesterday...