Sri Lanka could achieve the economic policy goals it aspires without needing to impose ‘haircuts’ on capital or domestic creditors, if the government can act soon and carry out the restructuring effort early. The latest policy no...

The Government will have to further increase taxes in the upcoming 2023 Budget to meet the cost of major welfare and relief programmes, totalling more than Rs 800 million already implemented this year, a senior Treasury official said....

The Asian Development Bank (ADB) has agreed to provide Sri Lanka Rs.10 billion to be disbursed among the paddy farmers for them to purchase Muriate of Potash (MOP) fertilizer required for this Maha Season.

A decision has been taken to wind up operations of the “Covid 19 Health and Social Security Fund”, which was established to provide relief to those affected by the Covid 19 epidemic, and over Rs. 216 million remaining in the Covi...