The International Monetary Fund on Tuesday offered to revise the terms of a $2.9 billion bailout loan to cash-strapped Sri Lanka, should the United States reinstate punitive tariffs on exports.

The administration of US President Donald Trump this month imposed a 44 percent tariff on imports, including garments and rubber, from the South Asian...

International Monetary Fund (IMF) Sri Lanka Mission Chief Evan Papageorgiou says Sri Lanka should restore cost-recovery electricity pricing as soon as possible to minimise fiscal risk and is essential to complete the fourth review of the Extended Fund Facility (EFF) program.

He stated this in response to a question raised during a virtual press...

A special discussion was held today (April 29) between the National Organisation for the Protection of Retirees’ Rights and the Minister of Labour and Deputy Minister of Economic Development Dr. Anil Jayantha Fernando, along with Deputy Minister of Labor Mahinda Jayasinghe.

The meeting, held at the Ministry of Finance, focused on addressing the...

Transparency International Sri Lanka (TISL) says it observes a notable reduction in violations of election laws during the current local government election period, as indicated by reports and press releases issued by the Election Commission. 

This marks a positive development in the conduct of elections and reflects progress in the collective...