U.S. infrastructure firm New Fortress signs LNG supply deal for Sri Lankan gas-fired power plant
U.S. infrastructure firm New Fortress Energy will invest in a gas-fired power plant and proposed liquefied natural gas (LNG) supplyContinue Reading
Category: Business
Global stocks sink gripped by contagion fears from the expected collapse of debt-plagued Chinese property giant Evergrande
(AFP)-World stocks sank Monday as trading floors were gripped by contagion fears from the expected collapse of debt-plagued Chinese propertyContinue Reading
Apple’s next iPhone mirrors last year’s, adds more storage
SAN RAMON, Calif. (AP) — Apple unveiled its next iPhone line-up, including a model that offers twice the storage availableContinue Reading
Sri Lanka central bank chief quits as forex crisis worsens
Sept 12 (AFP) Sri Lanka’s central bank chief resigned Friday over “political and personal issues” as a foreign exchange crisisContinue Reading
Sri Lanka admits forex crisis ‘dangerous’
(AFP) -Sri Lanka’s finance minister said Tuesday the island faces a “dangerous foreign exchange crisis” but the government denied itContinue Reading
Sri Lankan Parliament approves state of emergency to control food prices and prevent hoarding amid shortages of some staples
COLOMBO, Sri Lanka (AP) — Sri Lanka’s Parliament on Monday approved a state of emergency declared by the president, whoContinue Reading
Sri Lanka imposes price controls to tackle food shortages
(AFP)- Sri Lanka imposed price controls on key foods Friday as the government stepped up the use of emergency powersContinue Reading
Sri Lanka raids sugar stocks as food shortages bite
Colombo (AFP) Sri Lankan government officials on Wednesday raided private warehouses to seize thousands of tonnes of sugar, a dayContinue Reading
Sri Lanka organic revolution threatens tea disaster
(AFP) -Sri Lanka’s drive to become the world’s first 100 percent organic food producer threatens its prized tea industry andContinue Reading
S&P cuts Sri Lanka CCC+ sovereign rating outlook to negative on default worries
LONDON, Aug 27 (Reuters) – S&P Global cut Sri Lanka’s CCC+ sovereign rating outlook to negative from stable on Friday, warning theContinue Reading
