Inflation surpasses 54% for the first time in history

Sri Lanka’s headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index, soared to 54.6 percent in June from 39.1 percent in May this year, the Department of Census and Statistics (DCS) said yesterday (June 30) in a press release.



Sri Lanka crisis gives India chance to gain sway vs China

Sri Lanka’s strategic location has attracted outsized interest in the small island nation from regional giants China and India for more than a decade, with Beijing and its free-flowing loans and infrastructure investments widely seen as having gained the upper hand in the quest for influence.