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
Category: Business Briefing
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
Crisis-hit Sri Lanka’s inflation hits another record
Crisis-hit Sri Lanka’s inflation hit an eleventh consecutive monthly record in August, official data showed on Wednesday, rising to 64.3Continue Reading
Sri Lanka’s President says IMF talks nearing successful end
COLOMBO, Sri Lanka (AP) — Sri Lanka’s president said Tuesday that his bankrupt country’s talks with the International Monetary FundContinue Reading
Sri Lanka’s President to present relief budget amid crisis
COLOMBO, Sri Lanka (AP) — Sri Lanka’s new government plans Tuesday to present an amended budget for the year thatContinue Reading
MDW Live! News Network 