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Sri Lanka faces hyperinflation as inflation surges
Sri Lanka is now facing a hyperinflationary situation with the country’s inflation hitting a new high of 54.6 per cent in June, several leading economists said referring to the Central Bank’s latest announcement of the official economic indicator data.
Govt to tackle fuel crisis with the arrival of 8 fuel ships and fuel pass issuance
Sri Lanka’s fuel crisis now turned bad to worse is to be tackled to certain extent with the arrival of eight ships carrying petroleum will arrive in the island next week and the introduction of a special pass to ration petrol and diesel usage
Ex- President in exile Gotabya Rajapaksa pledges to continue to serve Sri Lanka
Former President Gotabya Rajapaksa in exile says he will continue to serve Sri Lanka following his resignation as President.
SL billionaire Raj Rajaratnam now out of Jail eyes for next big trade
Sri lankan billionaire businessman Raj Rajaratnam who served a jail term of 11 years in the US for insider trading is ready to embark on his next big trade after resuming his business inside the townhouse in Manhattan’s East 50s.
Sri Lanka’s merchandise exports in May surpass US$.1 billion
Earnings from merchandise exports in May 2022 increased substantially by 17.5% over the corresponding month in 2021, recording at $ 1,047 million, Central Bank announced.