Bankrupt Sri Lanka slashes fuel prices; World Bank warns its economy will shrink an unprecedented 9.2 percent this year
Crisis-hit Sri Lanka slashed fuel prices on Monday, the second cut in as many weeks, after the World Bank warnedContinue Reading
Category: Business Briefing
Sri Lanka holds first in-person meeting with bondholders amid debt talks – sources
WASHINGTON, Oct 14 (Reuters) – Sri Lanka’s government officials from the finance ministry and the central bank held its firstContinue Reading
Crisis hit Sri Lanka snapping up cheap Russian oil -Financial Times
Debt-laden Sri Lanka has been buying up large amounts of discounted Russian oil amid an economic meltdown that sent the country into default forContinue Reading
IMF cuts global growth forecast for next year, warns ‘the worst is yet to come’
KEY POINTS The International Monetary Fund predicts global growth will slow to 2.7% next year, 0.2 percentage points lower than its July forecast,Continue Reading
Japan says no pact yet with Sri Lanka on debt restructure talks
TOKYO (Reuters) -Japan has not yet reached an agreement to co-chair a debt summit with Sri Lanka’s creditors, a governmentContinue Reading
UN extends Sri Lanka war-time violations monitoring, calls government to investigate & prosecute officials who triggered country’s worst financial crisis
GENEVA (Reuters) -The U.N. rights body on Thursday renewed the mandate of a U.N. office to collect and preserve evidenceContinue Reading
Sri Lanka’s key inflation rate surges to record, keeps central bank pressured
COLOMBO (Reuters) -A key measure of Sri Lanka’s consumer inflation surged to an annual record 69.8% in September, official dataContinue Reading
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
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
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