BUSINESS

SL banking sector records profits amidst economic crisis

Sri Lanka’s banking sector continues to expand at a moderate speed remaining resilient with adequate capital and liquidity buffers amidst negative growth in off-balance...

Government gets set  to face severe domestic debt crisis 

Sri Lanka is getting ready to face evere domestic debt crisis by further increasing the credit limit of Rs. 3000 billion (3 trillion) previously...

SL food prices hit record highs as shortages became the order of the day.

In the middle of its worst economic crisis in decades, Sri Lanka has been hit by a critical shortage of food  with the majority...

SL  tax evasion rises amidst reduction of tax rates and relief for businessmen  

The Inland Revenue Department (IRD) plans to prioritise its drive against tax evasion running up to over billions of rupees and promote voluntary compliance...

UNICEF appeals for US$25 million to assist children hit by Sri Lanka  crisis 

The debilitating crisis in Sri Lanka has left nearly half of the children in the country in need of some form of humanitarian assistance. The...

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