The Sri Lanka government has been continuing its spending spree during the first four months this year surpassing the revenue by 83 per cent resulting in a budget deficit of Rs.524.1 billion, 0.7 per cent higher than the Rs.520.5 billion budget deficit in the same period of 2021, the Finance Ministry fiscal position report revealed.
Sri Lanka has once again compelled to delay refining of crude oil to produce Petrol. Diesel Kerosene and Jet fuel locally due to the shutdown of Sapugaskanda oil refinery since October 07
Sri Lanka is to go before the International Court of Arbitration in Singapore to recover a massive sum of money as compensation for damages caused by the destruction of the MV X-Press Pearl cargo ship in the island nation’s territorial waters.
Women make up only 25% of Sri Lanka’s Small- and Medium-scale Enterprises (SMEs) and it is important to look at how many of them have entered the regional and global market space.