The World Bank (WB) shared today its concerns on the current status of Sri Lanka as protestors came under attack by pro-government supporters.

Taking a firm stand against the violence incited against peaceful protestors who have been calling for the establishment of a people’s government for nearly a month, trade unions across the country will withdraw from services tomorrow.

Ceylon Chamber Demands Immediate Action to Protect Fundamental Rights of Citizens

Business activities across the country will be massively disrupted tomorrow (6 May) with the Trade Union Coordinating Center (TUCC) preparing for a one day hartal.

Banking services in the country will witness disruption tomorrow as the Ceylon Bank Employees’ Union (CBEU) plans on carrying out a token strike.

Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a senior International Monetary Fund (IMF) official said on Tuesday.

Maliban, one of the largest manufacturers, distributors and marketers of bakery products in Sri Lanka, issued a statement today on their take on the ongoing economic crisis in the country.

South Asian economies are emerging from the deep COVID-19 recession, burdened by high inflation, rising current account deficits, and deteriorated fiscal balances, which are exacerbated by the impact of war in Ukraine, the latest update by the World

Sri Lanka has further relaxed the entry requirements to the country by removing the need for on-arrival PCR tests for non and partially vaccinated travellers.

The International Monetary Fund said discussions with Sri Lanka on a potential IMF loan program are at an early stage and any deal would require ’’adequate assurances’’ that the island country’s debts can be put on a sustainable path.

Apparel manufacturing giant, MAS Holdings today reiterated the need for immediate and decisive action to resolve the current economic and social crisis.

Sri Lanka’s request for a Rapid Financing Instrument (RFI) with the International Monetary Fund (IMF) has received the nod from the agency.

Commercial and development bank, DFCC Bank PLC has urged its customers to register for the eStatement facility due to the shortage of papers.

The summons issued on ex-Central Bank Governor Ajith Nivard Cabraal were reissued today asking him to appear before the Colombo Magistrate Court on May 2, 2022.

Capital market operator, the Colombo Stock Exchange (CSE) today justified the need to close the market for an additional five days after the long holiday due for the Sinhala and Tamil New Year.

The United Nations World Tourism Organisation (UNWTO) announced it is now accepting applications for Best Tourism Villages 2022.

The Colombo Stock Exchange (CSE) will operate the Colombo bourse with restricted trading hours for the remaining working days of the week.

The Colombo Stock Exchange (CSE) had to halt trading in under 10 minutes after the S&P SL20 fell over 5 percent.

Bangladesh announced today that Sri Lanka has reached out for yet another currency swap.

The Colombo Stock Exchange (CSE) announced that the market has been halted.

National carrier SriLankan Airlines announced today its decision to suspend operations to and from Moscow.

The Central Bank has directed all licensed banks to sell 50 percent of inward workers’ remittances to the Central Bank every week.

The poultry industry is yet again faced with a shortage of chicken feed which has affected the availability of eggs in the local market.

The freshly appointed Advisory Committee to the Economic Council has put forward a five-point proposal for the revival of the national economy that is currently in turmoil.

Sri Lanka ranks as the second most preferred destination in the Asia Pacific region for remote work, according to the ‘Work from Wherever Index’ from KAYAK.

International calling charges have been increased in Sri Lanka due to the floating of the Rupee.

Addressing the nation, President Gotabaya Rajapaksa today announced his decision to work with the International Monetary Fund (IMF) to explore a sustainable solution for the country to repay its foreign debt and build back its foreign reserves.

The newly appointed 11-member Economic Council has been given a 14-member advisory committee for assistance.

The establishment of an Economic Council comprising of nine members received the Cabinet nod today.

As the national economy is desperate for foreign exchange inflows, the Cabinet of Ministers today announced their decision to increase the incentive offered for foreign remittances.