Sri Lankan apparel manufacturers have responded to falling export orders, higher interest rates and energy costs by slashing wages, incentive bonuses and other payments and eliminating tens of ...

After graduating from Sri Lanka’s University of Kelaniya with a Bachelor of Arts in English and Literature, Tharuvi Nanayakkarawasam was eager to start her career and make her mark on the professional ...

The intertwining of local economic crisis and global rise in raw material costs has led to paralysis in the industry. Trade bodies worried about competition from Bangladesh, Nepal, India and Malaysia, ...

Sri Lankan President Gotabhaya Rajapakse and his policy makers have enacted a series of economic nationalist measures over the past year, claiming them to be a panacea to the financial crisis ...