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Sri Lanka importers are seeing freight costs deflating, as inflated demand coming down as the US Federal Reserve and other major central banks pull back on money printing.
Sri Lanka has awarded a deal to supply coal to Ceylon Electricity Board on a 6-month credit facility Energy Minister Kanchana Wijesekera said amid opposition queries.
Sri Lanka’s private bus operators need an overall fare hike to account for currency depreciation and the rise in a consumer price index, Lanka Private Bus Owner’s Association (LPBOA) President Gemunu Wijeratne said after the latest <a href=
The Federal Reserve has hiked interest rates and also promised to reverse quantity easing at its next meeting in a bid to bring inflation down to 2.0 percent from the current runaway levels it had created by a policy error.
Sri Lanka's Indian Oil Corporation unit has raised petrol by 20 rupees a litre to 204 rupees and diesel by 15 rupees to139 rupees, reports said amid a rise in global prices.