A high-level US delegation on Monday met Sri Lankan President Gotabaya Rajapaksa and Prime Minister Ranil Wickremesinghe and discussed measures to help the island nation cope with an unprecedented eco...

Crisis-hit Sri Lanka has hiked petrol price by LKR 50 and diesel by LKR 60 respectively, the third price revision in over two months, as the country continues to reel under the worst economic crisis i...

The Indian delegation’s trip coincides with a visit by an IMF (International Monetary Fund) delegation that is engaging Colombo for a proposed staff-level agreement that should eventuate with a ...

Sri Lanka’s economy has “completely collapsed” and is facing a far more serious situation beyond the mere shortages of fuel, gas, electricity and food, Prime Minister Ranil Wickremes...

Sri Lanka's prime minister says its debt-laden economy has collapsed after months of shortages of food, fuel and electricity, and the South Asian island nation cannot even purchase imported oil. ...

Australia has announced that it will provide 50 million dollars to crisis-hit Sri Lanka to meet urgent food and health care needs and support the economic recovery. Visiting Australian Minister of Ho...

Sri Lankan Prime Minister Ranil Wickremesinghe on Monday held talks with a visiting IMF team on an economic programme that could be supported by the global lender's lending arrangement for the cas...

Sri Lanka could have averted the current economic turmoil if it had gone to the IMF for a bailout sooner, the debt-ridden country’s central bank governor said, acknowledging that the delay in se...

Sri Lanka's cash-strapped government has approved several measures, including imposing a 2.5 per cent social contribution tax on companies based on their turnover and declaring Fridays as holidays...

Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed Prime Minister said. Prime Minister R...