Sri Lanka economy resilient to shocks: IMF

Sri Lanka economy resilient to shocks: IMF

Colombo, Sri Lanka’s economy has proved remarkably resilient to successive shocks, with economic activity expanding 4.2 per cent in the second quarter of 2026, the International Monetary Fund said on Wednesday. Sri Lanka economy resilient to shocks: IMF The growth marked the 11th consecutive quarter of strong economic expansion, the IMF said in a statement … Read more

Sri Lanka: Namal Rajapaksa arrested, remanded in USD 800,000 Airbus graft case

Sri Lanka: Namal Rajapaksa arrested, remanded in USD 800,000 Airbus graft case

Colombo, Namal Rajapaksa, the elder son of Sri Lanka’s former president Mahinda Rajapaksa, was arrested by the island nation’s anti-graft commission over alleged corruption linked to the purchase of Airbus aircraft for SriLankan Airlines. Sri Lanka: Namal Rajapaksa arrested, remanded in USD 800,000 Airbus graft case Rajapaksa, 40, was asked to appear before the Commission … Read more

Sri Lanka planned 17 solar projects in Hambantota, but the development could reduce scrubland used by more than 400 elephants

Sri Lanka planned 17 solar projects in Hambantota, but the development could reduce scrubland used by more than 400 elephants

On the dry plains around Hambantota, the vegetation can look unremarkable at first glance. Thorny scrub, patches of grass and scattered trees cover land that has already been reshaped by farms, roads and large infrastructure projects. Yet this rough-looking landscape is part of the everyday range of hundreds of Sri Lankan elephants. They feed here, … Read more