BUSINESS

IMF, WB and ADB forecast a dip in SL economic growth

The International Monetary Fund (IMF) is forecasting the economy of Sri Lanka to grow by 2.6% this year down from 3.6% in 2021. This was...

Extraordinary times need extraordinary solutions

Rakimu Jayathu Lanka Chairman Hiran de Silva at the media briefing Rakimu Jayathu Lanka Chairman Hiran de Silva opines that former Prime Minister Ranil Wickremesinghe...

Selling price of the USD risen up to Rs.355 – 360

The selling price of the US dollar has risen to 355 rupees today (27) at most commercial banks. It can be seen that in some...

Fuel price hike hits the country sparking countrywide protests

Losses at the fuel stabilisation fund set up on March 30, 2020 by the Treasury to alleviate government finances when prices rise or fall...

WB grants US$ 600 million to Sri Lanka to avert economic crisis

The World Bank has agreed to provide US$600 million in financial assistance to the country amid the economic crisis, President’s Media Division (PMD) revealed...

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