Sri Lanka announced a 10 percent tax on gold imports Friday in what observers said was a bid to curb smuggling to India as global markets trading in the precious metal reported sharp price drops ...

Sri Lanka's Health Minister announced that the country will reduce the prices of 60 essential medications by 16% starting June 15, just as the country sees relief from a financial crisis.

Sri Lanka has scrapped a 100% surcharge on gold imports and cut import duty with immediate effect after measures to curb purchases halted them completely in Q3.

The biggest drop in gold prices since 1983 has divided central banks on whether the metal is cheap enough to increase investment.

The Information and Communication Technology Agency (ICTA) of Sri Lanka has unveiled a duo of forward-thinking draft policy documents that propose a significant shift in the nation’s digital ...

Sri Lanka's National Consumer Price Index (NCPI) rose 53.6% in February on the year, after a rise of 53.2% in January, the statistics department of the debt-stricken country said on Tuesday.

Local industry watchers say the new tax in Sri Lanka would push up local prices and claimed the government move was aimed at curbing local traders who smuggle gold into India.

Amidst considerable concerns of local jewellers, Sri Lanka is taking a major step towards liberalising gold imports by introducing some procedural simplifications and changing regulations in the ...

Colombo [Sri Lanka], April 9, (ANI): Owing to the severe ongoing economic crisis in Sri Lanka, people are forced to sell their gold ornaments, and jewelry to buy daily use items and to pay their ...

COLOMBO, Nov 29 (Reuters) - Sri Lanka scrapped a 100 percent surcharge on gold imports and cut import duty with immediate effect, officials said on Friday, after measures imposed in mid-2013 to curb ...

While the Sri Lankan rupee has been appreciating against the US dollar during the last two weeks, local gold prices have also dropped. “The market is reflecting the cost structure of the rupee value ...

Sri Lanka will slash the price of 60 essential drugs by 16% from June 15, the Health Minister said on Tuesday, as the country sees a glimmer of relief from its worst financial crisis in decades.