Sri Lanka’s central bank embraced deflationary measures that allowed currency appreciation and restored external stability. Critics argue, however, that these gains may be short-lived without structural reforms and tighter inflation targets.
Highlighting positive economic indicators, the Prime Minister noted that the reduction in the policy rate would provide much-needed relief to businesses and investors.
The President revealed that the government had successfully recouped MVR 3.1 billion from various parties, contributing to a reduction in the overall national debt.
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In the light of rising inflation, widening unemployment, depleting savings, and growing inequality, it is crucial to take stock of their profound and compounded...
The increase reflected steady import demand from Asia, higher internal sales in Western Europe leading to the spring holidays and seasonally falling production in...
Timely community action and strengthened health services will determine how many more young lives are placed at risk before cooler weather arrives, health workers say.
Timely community action and strengthened health services will determine how many more young lives are placed at risk before cooler weather arrives, health workers say.