Colombo (News 1st) - South Korea has given a grant of US$ 5.2 million to the Sri Lanka Solar Energy Authority for the construction of Sri Lanka's first floating solar energy development project.  Power and Energy Minister Kanchana Wijesekera announced this in a Twitter message. The K...

Colombo (News 1st) - The Central Bank of Sri Lanka relaxes its Monetary Policy Stance in its latest Monetary Policy Review. In a meeting held on Wednesday (31) the Monetary Board of the Central Bank of Sri Lanka, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending F...

Colombo (News 1st) - Threewheel drivers Associations have said, although the price of Petrol had decreased, there will be no reduction in threewheel fares,  Lalith Dharmasekara, President of the All Ceylon Threewheel Drivers' Union, stated that a fee review committee should be appointed im...

COLOMBO, May 31 (Reuters) - Sri Lanka's key inflation rate eased to 25.2% in May from 35.3% in April, the statistics department said on Wednesday, reducing some stress on the crisis-hit economy. Soaring inflation has battered the economy for more than a year after a severe foreign exchange cris...

COLOMBO (News 1st); The IMF, World Bank & CEB held an online meeting on restructuring the balance sheets of the Ceylon Electricity Board.  "As per the commitment to the IMF program to introduce a plan to restructure the balance sheets of CEB by end of June 2023, the World Bank experts...