Sri Lanka Railways plans to recruit 8,000 workers

State-run Sri Lanka Railways is planning to recruit 8,000 workers to take the total up to 20,000 which is the permitted cadre, officials said amid plans by President Ranil Wickremesinghe to trim the state sector to reduce the tax burden on the public.

https://economynext.com/sri-lanka-railways-plans-to-recruit-8000-workers-109256/

Economy Next

2023-01-18

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SriLankan loses Rs. 12.9 b in Q1

SriLankan Airlines recorded a Rs. 12.9 billion net loss in Q1 FY25, driven by cash flow challenges, legacy issues, and financial costs from past debt. ...

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SL pays $ 503 m for 1H debt servicing

By June 2024, Sri Lanka's external debt had reached $37.5 billion, with $8.19 billion in unpaid debt service accumulating since the April 2022 debt standstill on bilateral and commercial loans.

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Workers’ remittances decline in September

In September 2024, Sri Lanka’s remittances reached $556 million, tourism earnings were $181 million, and gross official reserves rose to $6 billion, covering 3.9 months of imports.

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