Srilankan Airlines to lease four new aircraft ahead of privatisation bid
(PTI)-Srilankan Airlines is set to lease four new aircraft ahead of the privatisation of the loss-making national carrier, an officialContinue Reading
Category: Business Briefing
World Bank raises Sri Lanka’s growth forecast to 2.2% for 2024
COLOMBO (Reuters) – The World Bank raised its forecast for Sri Lanka’s economy on Tuesday, projecting a growth of 2.2%Continue Reading
Sri Lanka’s key inflation rate falls to 0.9% in March
COLOMBO (Reuters) – Sri Lanka’s key inflation rate fell to 0.9% year-on-year in March from 5.9% in February, the statisticsContinue Reading
Sri Lanka jails firebrand Buddhist monk for Muslim insults
COLOMBO (AFP)- A Sri Lankan court on Thursday (March 28) sentenced an influential Buddhist monk to four years’ hard labourContinue Reading
Sri Lanka cabinet approves 40% hike to minimum wage
COLOMBO (Reuters) – Sri Lanka’s cabinet has approved increasing the minimum wage by 40%, a top official said on Tuesday,Continue Reading
McDonald’s stores close in Sri Lanka after deal with partner ended- lawyer
COLOMBO (Reuters) – McDonald’s has ended an agreement with its local partner in Sri Lanka and all 12 outlets in theContinue Reading
IMF says the economic situation in debt-stricken Sri Lanka is gradually improving
COLOMBO, Sri Lanka (AP) — The economic situation in debt-stricken Sri Lanka has started to gradually improve following its worstContinue Reading
Sri Lanka’s economy shrank 2.3% in 2023
COLOMBO (Reuters) — Sri Lanka’s economy shrank 2.3% in 2023, official data showed on Friday, as the island nation struggled to break outContinue Reading
Sri Lanka ex-President claims ousted over China investments
(AFP)-Former Sri Lankan president Gotabaya Rajapaksa ended a long silence over his ouster Thursday by releasing a book claiming “geopoliticalContinue Reading
Sri Lanka committed to repaying debt within 2027-2042 schedule, president says
COLOMBO (Reuters) – Sri Lanka is committed to repaying its debt within the 2027-2042 schedule, President Ranil Wickremesinghe said onContinue Reading
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