The Embassy of Sri Lanka in Moscow has secured a long-term Credit Line from the Government of the Russian Federation in order to procure fuel to Sri Lanka, the embassy said.

According to an IMF study released on Tuesday (11 October), Sri Lanka (SL), with an estimated revenue collection equivalent to 8.3 per cent of GDP last year (2021), has the third lowest revenue collection among 40 ‘Emerging Market and...

The Paris Club creditor nations last month reached out to China and India seeking to coordinate closely on Sri Lanka's debt talks, but is still awaiting a reply, a source with direct knowledge of the matter told Reuters on Thursday.

Sri Lanka this week gazetted key income tax changes proposed in May, giving effect to a host of personal and corporate income tax hikes while removing concessions and exemptions, with a view to raise government revenues to fix...