Business

The Panel to Examine Monetary, Fiscal, and Macroprudential Interaction Review will issue recommendations by March 2023 at the latest. Following criticism of the Reserve Bank's recent performance, Australian Treasurer Jim Chalmers announced the terms of a review of the institution's...

The Minister of Power and Energy has established a new plan for pumping fuel until the new permit plan is implemented. This scheme will go into effect immediately. From today, motor bicycles will be able to pump only Rs. 1500,...

Commencing from August 1, electricity charges will be increased by 69%. The Public Utilities Commission of Sri Lanka (PUSL) Chairman, Mr. Janaka Ratunayake, indicated. He also said that the CEB had asked for a 130% increase, but this increase was...

The Chairman of the Public Utilities Commission of Sri Lanka, Janaka Ratnayake argues that rather than the Rs. 20 reduction that was announced last night(17), the price of fuel should be cut even more. In a statement, Janaka Ratnayake demanded...

Lebanon faces worst inflation rate in the world, followed by Zimbabwe and Sudan, according to 'Trading Economics', which sources data from governments. Since January 2022, India's inflation rate—the average yearly change in the price of a basket of goods (Consumer...

The study of a massive dengue-fever outbreak by immunologist Neelika Malavige is being hampered by fuel shortages and power outages. Sri Lanka is in a state of emergency. With the country deeply in debt and inflation at an all-time high,...

The country will shut down if a stable government is not formed soon, Central Bank Governor Dr. Nandalal Weerasinghe told the BBC today. He also stated that negotiations with the IMF are heavily reliant on the formation of a stable...

Crude oil could collapse to $65 a barrel by the end of this year and slump to $45 by end-2023 if a demand-crippling recession hits, Citigroup Inc. has warned. That outlook is based on an absence of any intervention by...

According to Ceylon Container transport owners association prevailing fuel shortage is severely effects distribution. The association notes that even though it is allowed to import essential goods, the distribution of such imported goods in the country has become an issue...

Central Bank of Sri Lanka (CBSL) has made this decision based on the recommendations given by Advisory Committee for the Revival of Failed Licensed Finance Companies made recommendations. CBSL appointed this committee to make their recommendations in respect of the...