Economic storm tests UK’s new leader, alarms Conservatives
LONDON (AP) — New British Prime Minister Liz Truss came under growing pressure Wednesday from opponents — and inside herContinue Reading
Category: Business Briefing
Asian Development Bank vows more help for crisis-hit Sri Lanka
MANILA/TOKYO (Reuters) – The Asian Development Bank (ADB) is ready to provide further financial support to Sri Lanka, a topContinue Reading
Sri Lanka aims for December board approval of $2.9 bln IMF programme – sources
LONDON, Sept 23 (Reuters) – Sri Lanka expects the International Monetary Fund board to approve a $2.9 billion programme byContinue Reading
Sri Lanka inflation rate surges to 70.2% in August
(Reuters) – Consumer inflation in Sri Lanka accelerated to 70.2% in August, the statistics department said on Wednesday, as theContinue Reading
India starts debt-restructuring talks with Sri Lanka, vows support
COLOMBO (Reuters) -India said on Tuesday it had begun talks with Sri Lanka on restructuring its debt and promised toContinue Reading
Sri Lanka to present debt restructuring, IMF bailout plans to creditors on Friday
Crisis-hit Sri Lanka will make a presentation to its international creditors on Friday, laying out the full extent of itsContinue Reading
Sri Lanka’s economy shrinks 8.4% amid fertiliser, fuel shortages
COLOMBO (Reuters) – Sri Lanka’s economy shrank 8.4% in the quarter through June from a year ago in one ofContinue Reading
India plans no more funding for Sri Lanka as IMF talks progress – sources
NEW DELHI/COLOMBO (Reuters) – India does not plan to provide fresh financial support to Sri Lanka on top of theContinue Reading
Lazard in talks with China, India, Japan on Sri Lanka debt
(Reuters) -Financial advisory group Lazard has started talks with India, China and Japan on restructuring Sri Lanka’s debt, a spokesmanContinue Reading
USAID head urges crisis-hit Sri Lanka to tackle corruption
COLOMBO, Sri Lanka (AP) — A visiting U.S. diplomat on Sunday urged Sri Lankan authorities to tackle corruption and introduceContinue Reading
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