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Tea factory owners fear total closure with tea crop plunging to 23 year low

Tea factory owners fear total closure owing to the worsening fuel crisis and other shocks putting much needed foreign exchange earnings at risk amidst lowering of tea production after 23 years.

India overtakes China to become top lender to debt-laden Sri Lanka

India has surpassed China to become the top lender to Sri Lanka, as the former came to the rescue when Sri Lanka started experiencing some acute shortage of foreign currency from the beginning of the year which reached a breaking point in March causing a complete collapse of the country’s economy.

Disinformation on bribe request for BIA expansion project exposed

Details of a disinformation campaign to discredit the government by making allegations of asking a bribe from a Japanese company engaged in the construction work of the Bandaranaike International Airport (BIA) expansion project have been exposed.

SL economy to contract more than 6% with IMF loan stalled

Governor of the Central Bank Dr. Nandalal Weerasinghe says that Sri Lanka’s economy is likely to contract more than 6% in 2022.

IMF bail out turns bleak in political turmoil and confidential file grab

Sri Lanka’s prospects of receiving the International Monetary (IMF) bail out package to avert the economic crisis became bleak with the intensifying of political instability and failure to reach a consensus on forming an all party government.

Breaking

Sri Lanka Footwear Sector Eyes US $700Mn despite Labor, Smuggling Hurdles

By: Staff WriterJune 19, Colombo (LNW): Sri Lanka's Footwear and Leather...

Rupee Remains Steady as Bond Yields Edge Up and Markets Dip

By: _Isuru Parakrama_June 19, Colombo (LNW): The Sri Lankan...

Fashion Bug Among Sri Lanka’s Most Loved Corporate Brands Recognised by LMD

June 19, Colombo (LNW): Fashion Bug has been recognised...

Govt Launches Revival Drive for Crisis-Hit SMEs providing Rs. 1 Trillion Aid

By: Staff WriterJune 19, Colombo (LNW): The Sri Lankan government is...
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