The PMI recorded a value of 42.0, signaling a contraction in the manufacturing sector, driven by declines in New Orders, Production, Employment, and Stock of Purchases sub-indices.

The Central Bank of Sri Lanka kept the Standing Deposit Facility Rate (SDFR) at 8.50% and the Standing Lending Facility Rate (SLFR) at 9.50% to maintain medium-term inflation at the targeted 5% while supporting economic growth.

Dr. Nishan de Mel, an economist and head of Verite Research, proposed that bond investors offer incentives, such as reduced interest rates, for the Sri Lankan government to improve governance, like better tax collectio...

The IMF warns against proposed New York legislation that aims to change the process of sovereign debt restructuring, expressing concerns about introducing uncertainty and complexity. The l...