BUSINESS

Government tackles drug shortage despite forex crisis

 Despite speculations that Sri Lanka would plunge into a drug shortage in about two months, the Treasury has released adequate funds enabling commercial banks...

Tea farms fear 40-pct crop loss in 2022 while   rubber wipe-out over fertilizer ban

 Sri Lanka’s tea output could fall 40 percent in 2022 and rubber could be wiped out by leaf disease, threatening livelihoods and export revenues,...

US investigates into Sri Lankan steel nail imports for  anti-dumping

 The International Trade Administration Agency under the United States (U.S.) Department of Commerce (DoC) has launched an investigation into certain steel nails imports from...

Sri Lanka now considers negotiating IMF deal as it has no option    

 Sri Lanka is in talks with bondholders to avoid default and is also now considering discussing a deal with the International Monetary Fund (IMF),...

Apparel Industry calls on the Government to resolve forex crisis soon

Sri Lanka Apparel industry is facing the repercussions of Foreign exchange crisis in the country as it has become difficult to cater to the...

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