Exclusive articles:
“Hard day’s night” for Sri Lanka in sticking to IMF Targets
By: Staff Writer
Colombo (LNW): Sri Lanka is emerging from its crippling economic crisis through stabilization efforts of President Ranil Wickremasinghe’s government with foreign aid...
Public sector shrinks significantly amidst the strategic plan to limit job growth
By: Staff Writer
Colombo (LNW):The Finance Ministry has been directed to devise strategies to limit growth in the public sector wage bill and further prune...
Economy ticks up in the first quarter but difficult challenges linger
Sri Lanka is now gearing up to adopt a new path towards a competitive, open, green, and digital economy that is socially just, especially focused on the export market, and built for the benefit of today’s youth and children.
Prophet Jerome Fernando embroils in money laundering controversy
By: Staff Writer
Colombo (LNW): Supreme Court anticipatory bail application filed on behalf of Prophet Jerome Fernando has been dismissed by the judiciary yesterday. However...
President’s spin policy interest rates cut before recession bites
Sri Lanka central bank in a surprise move, slashed the standing deposit facility rate and standing lending facility rate by 250 basis points– to 13 percent and 14 percent, respectively, from 15.5 percent and 16.5 percent recently.