Sri Lanka was hit by its worst economic crisis in history when the country's foreign exchange reserves fell to a critical low and the publi...

The last time single-digit inflation was recorded was 5.8 per cent in September of 2021. The highest inflation since the island nation's ec...

Chinese debt has been controversial politically, with Rajapaksa and his elder brother Mahinda -- himself a former president -- accused of t...

The parliament's approval enables the government to go ahead with the proposed restructuring plan which is part of the prerequisites of a b...

President Ranil Wickremesinghe had earlier given the same assurances on the stability of the banking system and public deposits. Weerasingh...

In a statement on Wednesday, the Governor of the Central Bank of Sri Lanka Nandalal Weerasinghe thanked India for issuing the necessary gua...

The worsening forex crisis caused essential items shortages triggering massive public protests in the street since early this year that led...

"The IMF programme is making a good progress, and an IMF mission is planning to visit Sri Lanka towards the end of this month to reach a st...

President Gotabaya Rajapaksa plans to resign on Wednesday while Prime Minister Ranil Wickremesinghe has also offered to quit, without speci...

The downgrade comes at a time when the Central Bank governor P Nandalal Weerasinghe conceded on Thursday that Sri Lanka won't be able to pa...

Central Bank Governor Nandalal Weerasinghe told reporters that people are requested to deposit excess foreign currency in a bank or convert...

Sri Lanka has been mired in turmoil amid surging inflation -- which Weerasinghe sees accelerating to 40% in coming months -- a plummeting c...

Central Bank of Sri Lanka Governor Nandalal Weerasinghe said there will be no debt servicing until the country was able to restructure its ...

P. Nandalal Weerasinghe, appointed central bank chief last month to help the island nation of 22 million people find a way out of its worst...

Sri Lanka's economy will "collapse beyond redemption" unless a new government is appointed within two days to restore political stability, ...

The island nation is in the grip of its worst crisis since independence in 1948, with severe shortages of essential goods and regular black...

The policy is likely to be unveiled the following morning, after which the new governor is expected to lay out his priorities and plans at ...