BUSINESS

Government gets set  to face severe domestic debt crisis 

BUSINESS CN -
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.

BUSINESS CN -
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  

BUSINESS CN -
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 

BUSINESS CN -
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...

Sri Lanka extends begging bowl to Singapore for bridge financing

BUSINESS CN -
Sri Lanka needs to get bridge financing from friendly donor countries   before restructuring its foreign debt and entering into  a framework programme with the...
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