Sri Lanka govt takes over $1.7 bn in debt owed to China
(AFP)-Crisis-hit Sri Lanka said Monday it would take responsibility for $1.7 billion owed to China by state enterprises as itContinue Reading
Category: Business Briefing
Amazon founder Jeff Bezos says he plans to give away most of his $124 billion fortune
Billionaire Amazon founder Jeff Bezos recently said he plans to give away the “majority” of his fortune. Bezos’ comments were made inContinue Reading
Sri Lanka budget lays down plans to clinch IMF deal; markets not enthused
COLOMBO (Reuters) -The crisis-hit Sri Lankan economy can turn around by the end of 2023 if budget policies, which areContinue Reading
In less than a week, founder and former CEO of FTX, a cryptocurrency exchange, Sam Bankman-Fried’s $16 billion fortune evaporates
New York (CNN Business) — Sam Bankman-Fried woke up on Monday still a billionaire, even as his cryptocurrency empire was beginning toContinue Reading
Sri Lanka’s 2023 budget aims to put crisis-hit economy back on track
COLOMBO (Reuters) – Sri Lanka’s new government will release the 2023 budget on Monday focused on boosting revenue, implementing taxContinue Reading
Turbulence ahead- #SriLankan Airlines on the block for urgent reforms
(AFP)-Dozens of state-owned Sri Lankan companies employing tens of thousands of people could be restructured or closed as part ofContinue Reading
Sri Lanka holds debt restructuring talks with bilateral creditors
COLOMBO, Nov 3 (Reuters) – Sri Lanka said it held a productive meeting with its bilateral creditors, which include IndiaContinue Reading
Musk takes over Twitter, fires CEO, other top execs
(Reuters) – Elon Musk became Twitter Inc’s new owner on Thursday, firing top executives he had accused of misleading himContinue Reading
Sri Lanka approves law to liberalize petroleum imports
COLOMBO, Oct 18 (Reuters) – Sri Lanka approved legislation on Tuesday to let companies from oil-producing nations import and sellContinue Reading
Sri Lanka aims to nearly double tax revenue by 2026, says President
COLOMBO (Reuters)- Sri Lanka aims to nearly double its tax revenue to around 15per cent of gross domestic product byContinue Reading
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