Economy
World / Countries / MNCs
Colombo: A study has found Sri Lanka owed Chinese lenders $7.4 billion - nearly a fifth of its public external debt - by the end of last year, media reports said on Wednesday. more
China’s stand may deprive Sri Lanka of USD 2.9 bn from IMF in early 2023: CPA chief

Colombo: Executive Director of the Centre of Policy Alternatives (CPA) Dr. Paikiasothy Saravanamuttu has said  China’s unwillingness to accept the proposed debt restructuring m ...

Sri Lanka food inflation peaks to 86pc

Colombo: The nationwide food inflation in Sri Lanka has peaked to 85.8 per cent in September, up from 84.6 per cent in August, it was reported on Wednesday.

Sri Lanka: Inflation jumps to 69.8 percent

Colombo: Sri Lanka’s inflation, as measured by the year-on-year change in the Colombo Consumer Price Index, has spiked to  69.8 percent in September 2022 from 64.3 percent a mo ...

Sri Lanka: GDP shrinks 8.4 pc in 2Q

Sri Lanka's economy has officially entered into a period of recession with back-to-back negative growth rates in the first and second quarters amid unending economic and political tur ...

German politician says Sri Lanka is the most glaring example of how BRI debt trap can ruin a nation

Berlin: German politician Jo Leinen, who is also a former Minister of Environment and Member of the European Parliament, has said Sri Lanka might be the most glaring example of how the BR ...

Sri Lanka stock market closed amid nationwide protests

Colombo: Sri Lanka's Colombo Stock Exchange (CSE) declared on Tuesday a market holiday as a nationwide curfew was imposed due to street unrest.

Sri Lanka stock market closed amid nationwide protests

Colombo: Sri Lanka's Colombo Stock Exchange (CSE) declared on Tuesday a market holiday as a nationwide curfew was imposed due to street unrest.

Sri Lankan imports increase 23.1 pct in January 2022

Colombo: Sri Lanka's imports grew 23.1 per cent in January 2022, compared to January 2021, the latest data released by the central bank showed.

Humanitarian crisis looms large over Sri Lanka as economic crisis deepens

The Covid-19 pandemic has left Sri Lanka in a deep economic crisis, pushing at least half a million people into poverty amid soaring inflation that has forced a large chunk of the populat ...