Page 6 - Uditha Jayasinghe News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sri Lanka's cabinet has approved increasing the minimum wage by 40%, a top official said on Tuesday, to support workers struggling with living costs as the economy slowly shakes off its worst financial crisis in decades, helped by an IMF bailout. Sri Lanka's economy collapsed in early 2022 after its foreign exchange reserves dwindled to record lows triggering soaring inflation, currency depreciation and a default on its foreign debt. Revision of the minimum wage from 12,500 rupees ($42) to 17,500 rupees was approved by cabinet to support people living in poverty, said cabinet spoke...

Sri Lanka's key inflation rate fell to 5.9% in February from 6.4% in January, the statistics department said on Thursday. The Colombo Consumer Price Index, a leading indicator for...

COLOMBO (Reuters) - Sri Lanka's key inflation rate fell to 5.9% in February from 6.4% in January, the statistics department said on Thursday. The Colombo Consumer Price Index, a leading indicator for broader national prices, tracks inflation in Col...

Sri Lanka's inflation is expected to return to the government's 5% target starting from the last two quarters of the year, a Central Bank of Sri Lanka official said on Wednesday, as the economy...

Sri Lanka's consumer price inflation rate accelerated to 6.5% in January year-on-year from 4.2% in December, official data showed on Wednesday, driven by a higher tax needed to meet targets set under...