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Finance companies' borrowings double past Rs.1trn to fund lending spree

Sri Lanka, Oct. 5 -- Sri Lanka's licensed finance companies more than doubled their borrowings to over Rs.1 trillion in the 12 months to end-June 2026, turning to wholesale funding as deposit mobilisa... Read More


HOW INDIA ESCAPED THE IMF CYCLE - THE MANMOHAN SINGH LESSON

Sri Lanka, Oct. 5 -- Sri Lanka should take a leaf from India's Dr Manmohan Singh era. When India faced a near-existential balance-of-payments crisis in 1991, it turned to the IMF but Dr Manmohan Singh... Read More


Colombo Book fair, a book lovers' paradise

Sri Lanka, Oct. 5 -- It is amazing to see many people interested in the Colombo International Book Fair despite hefty taxes imposed on books. Prime Minister Dr. Harini Amarasuriya, who declared open t... Read More


New buses, old habits

Sri Lanka, Oct. 5 -- For years, Sri Lankans complained about the state of public transport. We complained about buses that were old, uncomfortable and unsafe. We complained about the high steps that m... Read More


Laws that Shackle our Economy

Sri Lanka, Oct. 5 -- Economic policies in Sri Lanka are going to be the subject of much discussion over the next six months. The Government will present the budget next month. The four-year IMF progra... Read More


A Peacebuilding Response to the Anojan Case and Thileepan Memorial

Sri Lanka, Oct. 5 -- In a statement, the National Peace Council, an independent and non partisan organisation that works towards a negotiated political solution to the ethnic conflict in Sri Lanka, ha... Read More


Landslide derails train, disrupts main line services

Sri Lanka, Oct. 5 -- A train operating from Peradeniya Junction to Colombo Fort derailed between the Gangoda and Kadigamuwa railway stations early today after soil and rocks fell onto the railway trac... Read More


Sri Lanka reaches staff-level agreement with IMF on seventh EFF review

Sri Lanka, Oct. 5 -- Sri Lanka has reached a staff-level agreement with the International Monetary Fund (IMF) on the seventh review of its four-year Extended Fund Facility (EFF) programme, while also ... Read More


Unemployment climbs to 4% as youth struggle to find jobs

Sri Lanka, Oct. 5 -- Sri Lanka's unemployment rate has risen to 4% in the second quarter of 2026, with young people continuing to face the toughest challenge in finding jobs, according to the Departme... Read More


High COL has prompted Sri Lankans to produce less children: FLSP

Sri Lanka, Oct. 5 -- High cost of living has prompted Sri Lankans to produce less children and also it is the reason why the child population in the country has been reduced by 100,000, Frontline Soci... Read More