Sri Lanka has not printed new banknotes, as confirmed by cabinet spokesman Vijitha Herath, who highlighted the absence of currency notes bearing the signature of the incumbent finance minister. During the weekly cabinet press briefing on Tuesday, October 29, Herath addressed rumors regarding the central bank’s liquidity injections, clarifying a misunderstanding between liquidity management and
Sri Lanka is grappling with high poultry feed costs due to import duties and trade controls on maize, a key ingredient in animal feed. These measures are contributing to elevated prices of eggs and meat in a country already battling high levels of child malnutrition. The government has imposed a 25-rupee-per-kilo tax on maize imports
The Sri Lankan government will revisit the decision to increase state worker salaries in 2025, according to Minister Vijitha Herath. The previous cabinet had announced a salary hike starting from January 2025, based on recommendations from a committee led by Udaya Seneviratne, which also included plans to reduce the size of the public service over