Sri Lanka revenue mobilisation witnessed an increase in tax revenue from a low 7% of GDP in 2022 and 11% in 2024 but this ratio is still low compared to others in the region, said World Bank Sri Lanka and Maldives Country Manager Gevorg Sargsyan,

Sri Lanka’s apparel industry has recorded export earnings of $4.7bn in 2024, marking a year-on-year (YoY) growth of nearly 5%.

Adani Group has clarified that their power purchase agreement for wind power projects in Sri Lanka has not been revoked, despite reports to the contrary. A standard review of the tariff is underway by the Sri Lankan government,

Rajapaksa served as the President of Sri Lanka from 2005 to 2015. The LTTE, which led a separatist war for a separate Tamil homeland, was crushed by the Lankan military in 2009 with the death of its supremo Velupillai Prabhakaran.

Adani Green Energy shares fell nearly 6% after reaching a day’s high, following a report that Sri Lanka cancelled a $440 million power purchase agreement with the company.

Sri Lanka have named an 18-member squad for their home two-match Test series against Australia. The Lankan Lions have listed two uncapped players alongside three injury doubts. Both the matches are set to be played in Galle with the first one beginning on January 29.

Sri Lanka has revoked a power purchase agreement with Indian conglomerate Adani Group following allegations of corruption, energy ministry sources in Colombo said on Friday..President Anura Kumara Dis

Sri Lanka has revoked a power purchase agreement with Indian conglomerate Adani Group following allegations of corruption, energy ministry sources in Colombo said yesterday.

Sri Lanka's consumer price inflation dropped to minus 2% year-on-year in December after easing to minus 1.7% in November, official data showed on Tuesday, as the country posted a strong rebound from its worst financial crisis in decades.

The persistent issue of poorly managed roadworks in Sri Lanka has reached a critical juncture, becoming a glaring example of inefficiency and mismanagement in public infrastructure development. Across the country,

Sri Lanka revokes Adani Green Energy power purchase agreement amid corruption allegations, project under review.