Bankrupt Sri Lanka seeks discounted Russian, Qatar oil
COLOMBO- Cash-strapped Sri Lanka on Sunday (Jun 26) announced sending ministers to Russia and Qatar to try and secure cheap oil a dayContinue Reading
Category: Business Briefing
A world apart, Lebanon and Sri Lanka share economic collapse bedeviled by-corruption, patronage, nepotism and incompetence.
BEIRUT (AP) — Lebanon and Sri Lanka may be a world apart, but they share a history of political turmoilContinue Reading
India to support crisis-hit Sri Lanka’s economic recovery; signals willingness to go beyond $4 billion in loans already provided
COLOMBO, June 23 (Reuters) – India’s top diplomat held talks with Sri Lanka’s president and prime minister on Thursday asContinue Reading
Sri Lanka bets on casino magnate to revive wrecked economy
Sri Lankan casino magnate Dhammika Perera entered parliament on Wednesday with a mandate to revive the bankrupt island nation’s wreckedContinue Reading
Sri Lanka May Consumer Prices Soar 45.3% Y/y, Highest Since 2015
Sri Lanka’s headline inflation accelerated in May to the highest since 2015 due to rising food and transport costs, asContinue Reading
IMF delegation visits crisis-hit Sri Lanka with time running out
COLOMBO/LONDON, June 20 (Reuters) – An International Monetary Fund (IMF) team arrives in Sri Lanka on Monday for talks onContinue Reading
Sri Lanka left with fuel stocks for around five days, minister says
COLOMBO, June 16 (Reuters) – Sri Lanka’s fuel stocks will last for about five more days, its power and energyContinue Reading
Sri Lanka gives public workers extra day off to grow food
COLOMBO, June 14 (Reuters) – Sri Lanka has approved a four-day work week for public sector workers to help themContinue Reading
The AP Interview: Sri Lanka PM says he’s open to Russian oil
COLOMBO, Sri Lanka (AP) — Sri Lanka may be compelled to buy more oil from Russia as the island nationContinue Reading
Pakistan adopts painful economic path to secure IMF bailout
* Pakistan faces balance of payments crisis * Government sharply lowers fiscal deficit target to 4.9% of GDP * StepsContinue Reading
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