Tea crop drop continues amidst increased cost of living
Due to the high cost of living, 50% of smallholders in Sri Lanka are reportedly reluctant to utilise fertiliser, which […]
Sri Lankan economy contracts by 7.8% in 2022 amidst crisis
Sri Lanka’s economy shrank 7.8% in 2022 from the previous year, government data showed on Wednesday (15), as the country […]
Hatch Fund secures investment from Mountain Lion Ventures
Hatch claimed that it recently welcomed on board, Mountain Lion Ventures – a Sri Lanka-focused build-up and scale-up investment vehicle, […]
Microsoft to buy 4% stake in London Stock Exchange
Microsoft is to take a 4% equity stake in the London Stock Exchange Group (LSEG) as part of a 10-year […]
CBSL revokes permit issued to Prasanna Money Exchange
The Central Bank of Sri Lanka (CBSL) announced that the permit for money exchange services to Prasanna Money Exchange (Pvt.) […]
Nimal Siripala says no plans for budget airline
Minister of Ports, Shipping, and Aviation Nimal Siripala de Silva denied that the Ministry is to invest in a budget […]
Wimal alleges Dr. Coomaraswamy piled on debt to ensure IMF dependence
Former Central Bank of Sri Lanka (CBSL) Governor Dr. Indrajit Coomaraswamy piled up over $ 10 billion in debt through […]