Sri Lanka's fuel retailers -- Ceylon Petroleum Corporation, Lankan IOC and Sinopec -- on Monday hiked the prices of oil and gas, citing the increase in global petroleum rates. The price rise of fuel ...

Sri Lanka's balance of payments slipped into deficit in August 2023, after slow reserve collections in the previous two months, data shows amid rate cuts and a statutory reserve ratio cut, which also ...

Geopolitical tensions and a weakening economy are driving hedge funds to consider alternatives to investing in China.

COLOMBO (Reuters) - Sri Lanka's central bank is expected to resume interest rate cuts on Thursday as it attempts to bolster a ...

COLOMBO, Oct 3 (Reuters) - Sri Lanka's economy is expected to perform better than previously expected but still see a significant contraction in 2023 before growing in 2024, World Bank projections for ...

The price of oil will continue to stay elevated as demand for energy increases, says the secretary general of Opec+. Opec+ is a group of 23 oil-exporting countries which decides how much crude oil to ...

First Capital Research (FCR) has assigned 60 percent probability for the Central Bank to cut policy rates at the upcoming seventh monetary policy announcement for this year on Thursday, October 5. “We ...

ECONOMYNEXT – Sri Lanka shares opened up in trading on Tuesday morning. Turnover was at 12 million. The All Share Price Index was up 0.02 percent or 2.66 points to 11,166.42, while the more liquid S&P ...

Sri Lanka's economy is expected to grow by 1.7% in 2024 after contracting by 3.8% in 2023, the World Bank said in its twice-a-year update on Tuesday. The World Bank said that the outlook is clouded ...

South Asia is expected to grow by 5.8% this year, making it the fastest-growing region in the world even as the pace remains below pr ...

The fact that Hilary left Sri Lanka when he did is indicative, notwithstanding any protestations to the contrary, of the historical progression of the narrow, chauvinistic, intolerant and violent ...