Around $530 million has been received in the first three months of 2023 Amid the ongoing economic crisis, Sri Lanka has witnessed an increase from tourism earnings with around $530…
Sri Lanka had started negotiations with the international lender in 2022 after it was hit by the severe economic crisis….reports Asian Lite News Central Bank of Sri Lanka’s Governor, Nandalal…
The crisis-hit economy contracted by 7.8 per cent in 2022 and is forecast to contract by 3 per cent in 2023 as it continues to grapple with the challenge of…
SLTDA official said Sri Lanka has already exceeded its target for March 2023, with over 112,000 tourists arriving in the first 28 days of the month…reports Asian Lite News Sri…
Sri Lanka increased fuel prices by over 200 per cent in 2022 amid the worst-ever economic crisis in the island nation since independence in 1948….reports Asian Lite News Sri Lanka’s Power and Energy Minister Kanchana Wijesekera said on Wednesday that fuel prices will be reduced in the country from Friday midnight. The price of 92 Octane petrol will be reduced…
India already has a significant stake in Sri Lanka’s energy sector and a strategic interest in Trincomalee…reports Asian Lite News A high-level Indian delegation led by the Secretary of the…
The President told Parliament that the government also aims to reduce the inflation rate to 4 per cent to 6 per cent and bring it to a single digit by…
Wickremesinghe said once Sri Lanka receives the IMF funds, it can start restructuring external debt, adding that the LKR will trade between 185 to 200 against a dollar….reports Asian Lite…
The development was confirmed to the media by State Minister of Finance Shehan Semasinghe late Monday night…reports Asian Lite News As Sri Lanka is still undergoing its worst ever economic…
Importing Jet A-1 fuel is also a challenge for the CPC because of the foreign currency shortage..reports Asian Lite News Sri Lanka’s Cabinet of Ministers has approved a proposal to…