The Planters’ Association of Ceylon (PA) is urging the Government to act swiftly to lift the ban on oil palm cultivation, warning that with each passing day, the losses to the nation keep growing. ..

Many factors, including poor decision-making on fiscal policy initiatives and economic management, led to Sri Lanka’s economic collapse. Eventually, the country’s government resorted to asking for ...

Sri Lanka has inked an agreement to borrow 90 million US dollars from the Asian Development Bank to strengthen links between ...

Indian Foreign Minister S. Jaishankar waves to the media as he leaves with his Sri Lankan counterpart Dinesh Gunawardena after addressing a joint media briefing in Colombo, Sri Lanka, Jan. 6, 2021. In ...

COLOMBO, Dec 15 (Reuters) - Sri Lanka's economy grew by 1.6% in the quarter from July to September, official data showed on Friday, as the country claws its way back from its worst financial crisis in ...

(Bloomberg) -- Sri Lanka’s economy grew faster than expected in the second quarter, bolstering sentiment ahead of a crucial election that could affect policy as the country recovers from its worst ...

Sri Lanka’s recovery over the past year reads like a narrow escape rendered into a cautious, albeit unfinished success story. After the calamitous months of 2022, when foreign-exchange reserves and ...

Sri Lanka was once a thriving economy, known for textiles, tourism, and one of the largest tire industries in the world.