Asian Development Bank grants $350 million to cash-strapped Sri Lanka
Manila (AFP)- The Asian Development Bank approved a $350 million loan on Monday for bankrupt Sri Lanka, buttressing an IMFContinue Reading
Category: Business Briefing
Sri Lanka Jan-April tea output drops to 3-yr low; fertiliser price surges
COLOMBO, May 26 (Reuters) – Sri Lanka’s tea production in the first four months of 2023 dropped 20% to aContinue Reading
Sri Lanka president vows to conclude debt-restructuring talks by Sept or Nov
TOKYO (Reuters) -Debt-laden Sri Lanka should be able to conclude a new round of restructuring talks by September or NovemberContinue Reading
China’s Sinopec signs agreement to enter retail fuel market in crisis-hit Sri Lanka
COLOMBO, Sri Lanka (AP) — Chinese petroleum giant Sinopec signed an agreement with Sri Lanka on Monday to enter intoContinue Reading
Sri Lanka rupee drops below 300 as central bank eases dollar buying -analysts
Sri Lanka’s rupee dropped below 300 against the U.S. dollar for the first time in over a year as theContinue Reading
IMF official says Sri Lanka reforms critical, evaluating progress
COLOMBO (Reuters) -The International Monetary Fund (IMF) mission in Sri Lanka will evaluate progress made on reforms so far andContinue Reading
Sri Lanka’s Airline Posts staggering $525m Annual Loss
Cash-strapped Sri Lanka’s national airline announced a staggering $525 million annual loss on Friday. With nearly 6,000 staff, SriLankan AirlinesContinue Reading
Messi receives offer from Saudi club Al-Hilal worth around $400 million a year – Reuters source
BUENOS AIRES – Lionel Messi has received a formal offer to join Saudi Arabian club Al-Hilal next season, a sourceContinue Reading
Sri Lanka apparel exports to drop by $1 billion in 2023 as biggest buyers like U.S. reduce purchases-trade body
COLOMBO (Reuters) – Sri Lanka’s apparel export earnings could slump by $1 billion this year, a top industry expert saidContinue Reading
Chinese state-owned firm to build major Sri Lanka port complex
A Chinese state-owned firm said on Monday it plans to take its investment in Sri Lanka to $2 billion byContinue Reading
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