BUSINESS

Govt. continues money printing despite pledges to curtail it.

Sri Lanka is planning to strengthen public finances and reduce money printing to stabilize the economy, Treasury Secretary Mahinda Siriwardene said ahead of discussions...

Three leading international firms express interest to assist SL debt restructuring

Several leading international firms have expressed their intrest in providing financial advice in its efforts to restructure external debt running up to US$ 12...

IMF stresses the need for macroeconomic stability in Sri Lanka

The International Monetary Fund (IMF) has informed the Sri Lanka Team led by Finance Minister Ali Sabri that there was a need for macroeconomic...

India says Sri Lanka must treat China equally with other creditors

India’s Finance Minister Nirmala Sitharaman claims that she told the International Monetary Fund and World Bank that China must be treated just like any...

Sri Lanka’s construction industry faces a threat of collapse

Triggered by acute shortage of foreign currency, ill-timed tax cuts, losses to tourism, fall in foreign workers’ remittances, shortages of food and fuel, and...

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