EconomyFeaturedCrisis-ridden Sri Lanka’s economy shrinks 11.5%IFM CorrespondentJune 26, 2023June 26, 2023 by IFM CorrespondentJune 26, 2023June 26, 2023 Sri Lanka’s economy is showing tentative signs of improvement, in part due to the implementation of critical policy actions... Read more
EconomyFeaturedInflation to peak? Sri Lanka’s central bank governor gives his predictionWebAdminNovember 1, 2022 by WebAdminNovember 1, 2022 Sri Lanka started talking with its creditors about reorganising its debt last month, and officials are hopeful that a deal with the IMF could be reached before the end of the year... Read more
EconomyFeaturedOur economy has completely collapsed: Sri Lanka PM WickremesingheIFM CorrespondentJune 27, 2022June 27, 2022 by IFM CorrespondentJune 27, 2022June 27, 2022 Many Sri Lankan lawmakers have boycotted the Parliament to protest against PM Ranil Wickremesinghe.... Read more
FeaturedFinanceSri Lanka on verge of first foreign debt defaultIFM CorrespondentMay 19, 2022 by IFM CorrespondentMay 19, 2022 Grace period expires on May 18 for missed dollar bond coupons.... Read more
EconomyFeaturedWorld Bank to give Sri Lanka $600 million in aidIFM CorrespondentApril 28, 2022 by IFM CorrespondentApril 28, 2022 The country was forced to default on some of its foreign debt commitments recently.... Read more
EconomyFeaturedSri Lanka economic crisis: Air India reduces flights due to poor demandIFM CorrespondentApril 5, 2022 by IFM CorrespondentApril 5, 2022 Currently, Air India is operating 16 flights per week to be reduced to 13 flights post revision.... Read more