The government is under compulsion to increase electricity prices since the International Monetary Fund (IMF) will unlock the next tranche of US$ $ 344 million, contingent on the restoration of cost recovery pricing, Daily Mirror learns.

In the wake of Sri Lanka trying hard to mitigate the impact from the chaotic announcement of reciprocal tarrifs announced by U.S. President Donald Trump, Chinese Commerce Minister Wang Wentao is expected to visit Sri Lanka in June in a bid to foster

Poverty levels labelled as “alarmingly high at 24.5 percent” by the World Bank in a report released on April 23 raises concerns about economic wellbeing in Sri Lanka, despite the economy growing steadily after the economic crisis in

The cascade of unexpectedly large crowds in view of the Dalada exposition (The exposition of the Sacred Tooth Relic of The Buddha) has rendered the Kandy city administrative authorities handicapped, eventually prompting them to limit public arrivals.

Six months have lapsed after the formation of the National People’s Power (NPP) government led by President Anura Kumara Dissanayake.

The Trump administration’s move to slap a 44% tariff on Sri Lankan exports, currently on pause, but not off the table is a textbook example of policy driven by headline numbers, not economic reality.

In the wake of the rise of Chikungunya cases in Sri Lanka, in addition to Dengue, Colombo Municipal Council’s (CMC) Public Health Officers are planning for the use of drone technology to identify empty lands and buildings that serve as possible mo

The European Union (EU) has inquired about a possible moratorium on the invocation of the Prevention of Terrorism Act (PTA) until it is repealed to be replaced by a new anti-terrorism law, but the government has not yet discussed it, Daily Mirror lea

Sri Lanka has declined to consider a land connectivity project with India at this hour despite Indian Prime Minister Narendra Modi making some remarks about the need for it during bilateral talks, Daily Mirror learns.

In its bid to retain access to the U.S. market in the wake of reciprocal tariffs, Sri Lanka has proposed to do away with para tariffs on imports from the U.S. , Daily Mirror learns.

President Kumara Dissanayake reportedly told the political party representatives yesterday that the U.S. tariffs slapped on Sri Lanka is a national calamity in economic terms similar to the tsunami disaster and the Covid-19 pandemic, and it should be

India has proposed a land connectivity project with Sri Lanka once again during the visit of Indian Prime Minister Narendra Modi, but the Sri Lankan government has not committed yet, the Daily Mirror learns.

As the United States imposes sweeping reciprocal tariffs around the world, Sri Lanka finds itself in especially dire straits. The staggering 44% tariff rate, the sixth highest globally, poses a direct threat to Sri Lanka’s US-dependent export marke

Sri Lanka is facing an astonishing decline in its growth rate with the percentage hitting an all-time low of 0.5 per cent since 1871, leading to social issues such as the shrinkage in the working age group and the increase in the aged population t

In the wake of U.S.President Donald Trump slapping increased tariffs on imports, Sri Lanka sought to strengthen economic cooperation with India during the visit of Indian Prime Minister Narendra Modi.

Six MOUs on defence cooperation, power grid connectivity, petroleum sector development, digitisation, cultural exchange and economic development will be signed

The United States yesterday announced and introduced a significant shift in its trade policy by imposing tariffs on imports, marking a departure from the globalization and comparative advantage doctrine that has dominated international trade for deca

Sri Lanka faces potential export headwinds as reciprocal tariffs imposed by the United States take effect today. Key sectors such as apparel and rubber products are particularly vulnerable.

The newly established sperm bank at Castle Street Hospital for Women in Colombo has already assisted six women, offering new hope to those struggling with infertility.

Sri Lanka is set to lose US $ 1 billion in FDI since Adani wind power project in Mannar is now uncertain with both the project company and the Sri Lankan government remaining firm on tariff rates, Daily Mirror learns.

Although Sri Lanka is not typically considered a high-seismic zone, the mushrooming skyscrapers in Colombo are safe from any unexpected earthquake, as they are built using such structural technology, a seismologist said.

A top-level committee appointed by the government has identified a dozen state institutions either to be liquidated or done away with, with state involvement in management of them.

The government’s total dues for the company selected for the construction of the Kadawatha-Mirigama stretch of the central expressway have soared to US $ 189.513 million (Rs.56 billion) and further delay involves daily addition of Rs. 21 million to

In response to the UK sanctions on the Sri Lankan officials including three former military leaders, the Foreign Ministry said yesterday that such unilateral actions by countries do not assist but serve to complicate the national reconciliation proce

Sri Lanka is weighing its response to the UK government’s decision to impose sanctions on three Sri Lankan military leaders and one time LTTE military wing leader in the east Vinayagamurthy Muralitharan alias Karuna Amman who defected from the terr

India’s Adani Group is not ready to compromise on the initially agreed tariff rate and other parameters of the 484 MW wind and transmission project in Mannar, despite its agreement to execute the project if Sri Lanka requests, Daily Mirror lear

Elon Musk’s Starlink satellite broadband services will be on hold in Sri Lanka until it guarantees the right for the government agencies to secure data or communication details in case of issues related to national security, Daily Mirror learns.

A Chinese-built K-8 Advanced Jet Trainer aircraft of the Sri Lanka Air Force (SLAF) crashed yesterday in the Wariyapola area, Kurunegala, during a training exercise,

Sri Lanka is experiencing a rapid spread of Chikungunya, a mosquito-borne viral disease, with cases reported from various parts of the country.