Sri Lanka asks dollar debt holders for 30% haircut
COLOMBO (Reuters) – Sri Lanka is asking foreign investors in its international sovereign bonds to take a 30% haircut andContinue Reading
Category: Business Briefing
Sri Lanka’s Cabinet approves a domestic debt restructuring plan in effort to solve economic crisis
COLOMBO, Sri Lanka (AP) — Sri Lanka’s Cabinet on Wednesday approved a program to restructure the country’s staggering domestic debtContinue Reading
Cash-strapped Sri Lanka To Restructure Domestic Debt
(AFP)-Sri Lankan authorities have declared a five-day closure of financial markets from Thursday ahead of a controversial move to restructureContinue Reading
Cash-strapped Sri Lanka scraps monkey business plan
(AFP)-Bankrupt Sri Lanka’s government on Monday said it was scrapping plans to export around 100,000 endangered monkeys to China followingContinue Reading
Sri Lanka set to start tea-for-oil barter with Iran next month
COLOMBO, June 23 (Reuters) – Sri Lanka is set to start bartering tea to Iran next month in lieu ofContinue Reading
A search is underway for missing submarine that takes people to see Titanic
(AP)-A rescue operation was underway deep in the waters of the Atlantic Ocean on Monday in search of a submersibleContinue Reading
Manchester Utd negotiating exclusivity with Qatar’s Sheikh Jassim in $6 billion-plus sale talks
June 15 (Reuters) – English football club Manchester United (MANU.N) is negotiating granting exclusivity to the consortium led by Qatar’s Sheikh JassimContinue Reading
Sri Lanka’s economy shrinks 11.5% in first quarter as financial crisis continues
COLOMBO (Reuters) -Sri Lanka’s economy shrank 11.5% in the first three months of 2023, official data showed on Thursday, asContinue Reading
Sri Lanka extends freeze on outward capital transactions by 6 months
COLOMBO, June 13 (Reuters) – Sri Lanka’s government has decided to extend a restriction on outward capital transactions by sixContinue Reading
Sri Lanka lifts import limits on 286 items as crisis eases
COLOMBO (Reuters) – Sri Lanka lifted import restrictions on 286 items, the Finance Ministry said on Saturday, a fresh signContinue Reading
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