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
Category: Business Briefing
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
Twitter’s former CEO has a new app that looks a lot like Twitter
The buzzy new social media app of the moment looks so much like Twitter it’s almost hard to distinguish the two.Continue Reading
Sri Lanka’s inflation dips as IMF bailout kicks in
Cash-strapped Sri Lanka’s inflation eased to 35.3 percent, the lowest in a year, the statistics office said Friday as theContinue Reading
Sri Lankan Parliament votes to support IMF recovery program
COLOMBO (AP)- Sri Lanka’s Parliament voted Friday to support the implementation of a four-year International Monetary Fund program aimed at solvingContinue Reading
Sri Lanka trying to reduce overall debt by $17 bln, President says
COLOMBO, April 26 (Reuters) – Sri Lanka is trying to reduce its overall debt by $17 billion through restructuring, itsContinue Reading
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