An Echelon Media Company
Sunday December 10th, 2023

Sri Lanka to raise fines after high inflation

Old fines do not match the recent substantial rises in prices of goods and services, only small fines are made: Minister

December 7, 2023 1 min read

Sri Lanka traders oppose calls to further hike 115-pct tile import taxes

When a couple gets married, the first thing they are looking for is a to build a house

December 7, 2023 6 min read

Sri Lanka, India ECTA deal talks to be wrapped up by March

Next round of talks on the ECTA will take place in India from January 08, 2024

December 6, 2023 1 min read

Sri Lanka banks seek exceptions on single borrower limits for dollar placements

Banks have seen a sharp reversal in net foreign assets over the past year

December 6, 2023 3 min read
Sri Lanka postal workers demand 20,000-rupee pay hike from Jan

The union leader called President Ranil Wickremesinghe’s 2024 budget an “illusion” targeting next year’s electio...

Sri Lankan migrant workers for Japan civil aviation sector

Sri Lankans to work in Japan's Civil Aviation sector, Minister of Labour and Foreign Employment said

Sri Lanka - Paris Club official creditors reach debt deal


November 29, 2023 3 min read

Sri Lanka awaiting announcement from OCC on bilateral debt

You will hear the outcome very soon

November 29, 2023 1 min read

ADB may provide $400M to Sri Lanka over next three months

A US$200mn credit could come as early as December

November 29, 2023 1 min read

Sri Lanka given debt restructuring plan by OCC: Sources

China was the first to give a detailed debt restructuring plan

Shihar Aneez
November 29, 2023 2 min read

Mahinda Rajapaksa states his case on Sri Lanka economic crisis triggers

There were no external reasons for Sri Lanka’s economic decline between 2015 and 2019

November 29, 2023 5 min read

Sri Lanka expects official creditor committee to follow China very shortly: President

Discussions also on-going with private creditors

November 28, 2023 1 min read

Sri Lanka to re-jig agriculture, give 300,000 acres for commercial farming: President

Wet zone paddy farmers to be given freedom to grow what they like

November 28, 2023 1 min read

Sri Lanka to get US$60mn from ADB for road repairs

There were roads that were in a bad state of disrepair

November 28, 2023 1 min read

Sri Lanka legislator warns thief running loose in central bank

Individual had apparently stolen a big bundle of notes from the central bank's currency issue office,

November 28, 2023 2 min read

Sri Lanka to have water pricing formula; discriminatory tariffs in the offing

Higher tariffs are likely to be charged from commercial establishments

November 28, 2023 1 min read
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Sri Lanka confident of positive responses from creditors: Minister

We are confident that all creditors will look at Sri Lanka positively

November 28, 2023 1 min read

Sri Lanka Chamber Economic Summit begins today

On the theme of 'Sustain Reform, Accelerate Growth'

November 28, 2023 2 min read

Sri Lanka optimistic over China’s Myanmar Corridor proposal - govt official

Sri Lanka has been looking for all opportunities to come out of its unprecedented economic crisis

Shihar Aneez
November 27, 2023 2 min read

Sri Lanka-UAE trade exceeded USD3.9bn in last two years: Ambassador

UAE is one of Sri Lanka’s largest trading partners in the Middle East

Nethmi Rajawasam
November 27, 2023 2 min read

Sri Lanka to get more ADB, WB budget support loans after IMF review

The domestic requirement borrowing requirement will further reduce

November 27, 2023 2 min read

Sri Lanka trying to pay state salary hike from Jan with tax collections


November 26, 2023 1 min read

Sri Lanka gets US$495mn interest free from World Bank as IDA country

Another US$196 for 1.5% and 30-year pay back

November 26, 2023 3 min read

Sri Lanka needs permission from India to develop Trinco oil tanks: Minister

For us to give an asset belonging to us, do we have to ask India? - opposition

November 25, 2023 2 min read

Crisis-hit Sri Lanka eyes $200 mln yearly from foreign ships

“We lose significant revenue because we don’t have ENCs" - Minister

November 25, 2023 2 min read

Sri Lanka to part repay re-auctioned bonds with cash deposits: CB Governor

The government now has deposits in state banks, not overdrafts

November 24, 2023 2 min read