Sri Lanka closes in on $2.9 bln IMF deal after China support
Summary Bonds jump, rupee soars on prospect of IMF deal sign off Details on China Exim new financing assurances areContinue Reading
Category: Business Briefing
Sri Lanka President Says China Agrees To Restructure Loans
(AFP)-Sri Lanka’s President said Tuesday that China had agreed to restructure its loans to the bankrupt island nation, clearing theContinue Reading
Saudi Arabia says it deposited $5B in Turkish central bank
DUBAI, United Arab Emirates (AP) — Saudi Arabia said Monday it deposited $5 billion into the Turkish central bank, likelyContinue Reading
Sri Lanka raises rates, relaxes currency band as it seeks to secure IMF bailout
COLOMBO (Reuters) -Sri Lanka’s central bank raised interest rates on Friday to tackle inflation and said it would relax itsContinue Reading
Sri Lanka’s tax hikes will help it regain creditor confidence -IMF
COLOMBO, March 2 (Reuters) – Sri Lanka’s recent tax rises are in line with international comparisons and needed to helpContinue Reading
Sri Lanka outlaws strikes as anti-tax protests spread
(AFP)-Sri Lanka’s government said Tuesday it was banning strikes in several key sectors, a day ahead of a planned one-dayContinue Reading
World Bank Backs Bankrupt Sri Lanka’s Private Banks lending $400 million
(AFP)-The World Bank offered a lifeline to three private banks in bankrupt Sri Lanka on Monday, lending them $400 millionContinue Reading
Twitter lays off 10% of current workforce of 2300- NYT
(Reuters) – Twitter Inc has laid off at least 200 employees, or about 10% of its workforce, the New YorkContinue Reading
Sri Lanka investment board approves $442 million Adani Green wind power plants
COLOMBO (Reuters)- Sri Lanka’s Board of Investment on Wednesday approved two wind power plants by India’s Adani Green Energy LtdContinue Reading
Electricity bill increase pushes crisis weary Sri Lankans to the brink
COLOMBO (Reuters) – The latest electricity price rise in crisis-hit Sri Lanka has left stall owner Mohammed Lafeel in aContinue Reading
