The price of Octane 95 petrol has been increased Rs. 400 per litre with immediate effect. https://www.ft.lk/front-page/Petrol-92-price-up-by-Rs-30/44-744842 For a descriptive understanding of how...

The Government’s desperate move of increasing income tax to a very high level under the new tax reforms fulfilling one of the commitments for the US$2.9 billion IMF extended fund facility has hit hard the high income earners and professionals below the belt.

The United Kingdom is “ready to consider” financing assurances to Sri Lanka to secure a 2.9 billion US dollar extended fund facility (EFF) with the International Monetary Fund (IMF), a UK official said.

Japanese Vice Finance Minister for International Affairs, Masato Kanda, has assured that Japan is closely coordinating with international organizations, such as the Paris Club and the International Monetary Fund (IMF) to ensure the participation of non-Paris Club members in Sri Lanka’s debt...