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Sri Lanka’s government is stoking inflation and indignation
When Gotabaya Rajapaksa became president of Sri Lanka in 2019, he inherited an economy in bad shape. Terrorist attacks and political crises had hit the...
International Energy Agency sets out 10-point plan to reduce global oil demand
The International Energy Agency (IEA) has presented a ten-point proposal to reduce daily fuel demand in the face of the global oil crisis.
According to...
Sri Lanka’s tea industry down with lowest yield in 13 years
Sri Lanka’s tea crop suffered its lowest yield in 13 years, official data showed Friday, reducing output in its main export commodity as the...
Modi cancels his visit to Sri Lanka
Indian Prime Minister Narendra Modi's visit to Sri Lanka scheduled for the end of this month has been canceled. Indian authorities have not yet...
Central Bank cancels new incentive scheme for migrant workers
The Central Bank of Sri Lanka (CBSL) says the government has decided not to implement the proposed scheme for additional incentives for remittances by...