Radi

In a fresh fiscal policy stance of austerity measures, the Finance Ministry has cut down non-essential capital expenditure in ministries, departments and state institutions in a bid to save money during this economic crisis, a Ministry circular revealed.

Sri Lanka’s State Owned Enterprises (SOEs) are encountering significant operational and financial challenges for its survival in unprecedented political turmoil amidst the weakest state of the economy at present, recent report of the Finance Ministry revealed.

Leaves from the lush green tea estates covering the hills of central Sri Lanka end up in cups across the world.

There is nothing new about nations collapsing under the weight of their debts. But Sri Lanka’s awful predicament highlights three new aspects of our world.

Sri Lanka’s main opposition leader, Sajith Premadasa, has withdrawn from the presidential race and thrown his support behind a rival candidate, presenting a significant challenge to prime minister Ranil Wickremesinghe’s bid for the executive role.