Sri Lanka's ... rising energy prices, and populist tax cuts. A chronic shortage of foreign currency and soaring inflation had led to a severe shortage of medicines, fuel and other essentials.

Sri Lankans are facing fuel and food shortages, and steep price rises as the country is in the midst of its worst economic crisis in living memory. Millions are having to endure daily power cuts ...

Sri Lanka will cut power prices by 22.5% from Tuesday ... Together with higher taxes, a weaker rupee and fuel cost increases, the power price hikes had pushed inflation in the nation of 22 ...

Sri Lanka 's state-owned Ceylon Petroleum Corporation (CPC) has increased fuel prices to a record high. With the latest price hike on Monday, the price of Octane 92 petrol rose by 33.1 per cent to ...

Sri Lanka's central bank's negative foreign reserve position had undergone as steep correction since 2022 as domestic credit ...

Authorities in Sri Lanka are imposing rolling power cuts across the island nation as its deepening financial crisis leads to shortages of fuel and handicaps its power grid. Sri Lanka’s public ...

Sri Lanka's main newspaper in the northern port of Jaffna endured bullets and bombings during a decades-long Tamil separatist ...

The SEP is the only party fighting for the mobilisation of the Sri Lankan working class on a revolutionary socialist and ...

(Bloomberg) -- Sri Lanka’s central bank lowered its benchmark ... with four others expecting a half-point cut and the rest penciling in a hold. The deposit facility rate was lowered to 8.25% ...

Should this happen if the economy is recovering? Economic recovery at the expense of the poor is meaningless. Nutrition, health and education of the nation have been irreperably damaged. Disastrous ...

Whatever the result, the ultimate losers will be Tamils.” The Institute for Health Policy (IHP)’s Sri Lanka Opinion Tracker ...

With Presidential Elections due in September 2024, Wickremesinghe brought down power tariffs by 22.5% which should have led to a reduction in the prices of goods by 20% if the traders cooperated.