BUSINESS

SL to face severe essential food shortage due to open account ban

BUSINESS CN -
Sri Lanka Government is set to ban the use of open accounts for imports except the overall export sector including indirect exporters with effect...

SL fuel purchase at sport price hits Forex reserve rock bottom

BUSINESS CN -
With its creditworthiness shot, the Sri lanka government is buying oil at spot prices, that is, the going rate as container ships pull into...

ADB 55TH Annual Meeting in Colombo postponed in socio- economic crisis

BUSINESS CN -
Asian Development (ADB) Fifty-Fifth Annual Meeting scheduled to be held in Colombo is to be postponed indefinitely from 5 to 8 September 2022 due...

Sri Lanka Faces Acute Food Shortages and Starvation Amid Economic Crisis

BUSINESS CN -
Sri Lanka’s political turmoil and economic crisis have brought about a catastrophic food shortage, with the nation’s 21 million residents now forced to pay...

India contempletes currency trading with Sri Lanka 

BUSINESS CN -
In the guise of protecting  Sri Lanka’s crashing economy,an attempt is being made to introduce a common currency between India and Sri Lanka through...
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