Tag: SL Government

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Govt to present new budget to meet IMF expectations

The Government is preparing a new budget taking into account the measures proposed by the International Monetary Fund (IMF) to restore debt sustainability in Sri Lanka.

Government plans to tap Indian tourists to revive tourism

Sri Lanka plans to tap Indian tourists to revive the South Asian island’s battered tourism sector and shore up its depleted foreign exchange reserves.

Sri Lanka’s headline inflation to hit 70% in coming months

Sri Lanka’s headline inflation is expected to rise to 70 per cent in the coming months from the current level of 50%, the Governor of the Central Bank of Sri Lanka, Dr. Nandalal Weerasinghe says.

Shinzo Abe: former Japan prime minister confirmed dead after being shot

Japan's former prime minister Shinzo Abe has died in hospital after he was shot at a political campaign event, say local media. Mr Abe was...

Probe the huge profit margins CPC makes on imports, sales of fuel: PUCSL Head

The Public Utilities Commission of Sri Lanka (PUCSL) Chairman, Janaka Rathnayake, today urged the government to investigate the Ceylon Petroleum Corporation (CPC) for making huge profit margins on fuel imports and sales.

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Sri Lankan Consumers Become More Deliberate as Spending Reaches Record Rs. 9 Trillion

Sri Lankan household consumption has recovered to a record...

Sri Lanka’s Recovery Looks Strong, But Households Remain Deeply Fragile

Sri Lanka’s economic recovery is increasingly presenting two sharply...

Govt. to Seek Legal Action if Private Fuel Companies Restrict Supplies

The Government will seek legal advice on possible action...

CPC Carries Private Sector’s Fuel Burden as Supply Lines Tighten

Sri Lanka may not be facing a national fuel...

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